serkan AT kantan-games.co.jp

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GREE’s Results For Q2 FY2013: Sales And Profit Are Down Year-On-Year

GREE released its financial report for the second quarter of fiscal 2013, and in a nutshell, things aren’t looking too well.

Year-on-year, the company saw sales dropping 5% to 39.407 billion yen (US$422 million) while operating profit plunged a brutal 37% to 14.285 billion yen (US$153 million):

gree sales profit q2 2013

So GREE is still very profitable, but the numbers are shrinking, even quarter-on-quarter.

Looking at the last quarter of big rival DeNA, the Mobage operator’s revenue grew 52% to 52.3 billion yen (US$567 million) year-on-year, while operating profit increased by 54% to 19.9 billion yen (US$216 million).

GREE says that rising overall costs (a whopping 32% plus year-on-year) contributed to these new numbers.

The company also revised its forecast for fiscal 2013, downward:

gree fy2013 forecast

The report in full can be downloaded here.

Serkan Toto About Serkan Toto
I am the CEO & Founder of Kantan Games, Inc., a Tokyo-based game industry consultancy focused on the Japanese market. Please subscribe to updates on this site via RSS or Email.