It seems that nothing can stop GREE, at least not at the moment. In its Q2 FY2012 financial report, the company says that sales grew a staggering 190% year-on-year to 41.5 billion yen (US$545 million).
In the same time frame, net income even went up 206% to reach 12.7 billion yen (US$167 million). Again, this is just for the second quarter of the fiscal 2012 (which for GREE ends in June this year):
The number of users across GREE and Openfeint nearly reached 190 million in December:
Against this backdrop, GREE (once again) raised its forecast for the entire fiscal year. The company now expects to sales to hit 160 to 170 billion yen (US$2.1 to 2.2 billion) and net income to reach 44 to 50 billion yen (US$578 to 657 million).
These are just a few highlights. Direct downloads of the financial documents (in English):
- GREE’s FY2012 2Q Presentation Material
- GREE’s announcement of Revision of Earnings Estimates for the Fiscal Year Ending June, 2012
For some reason, GREE also posted its annual report for FY2011 on its English website (it was available in Japanese only so far):
GREE’s FY2011 Annual Report
On a related note, mobile games news site Pocket Gamer today posted an interview with GREE CFO Naoki Aoyagi (who doubles as GREE International’s CEO) that’s worth a read.