Q1 2022 Gree Inc Earnings Presentation Transcript

Nov 05, 2021 / NTS GMT

Release Date Price: $7.92

Transcript

Toshiki Oya

GREE, Inc. - Senior VP of Corporate, Investment & Incubation Business, CFO and Director

Thank you for joining the FY 2022 First Quarter Financial Results Briefing of GREE, Inc. I'm Toshiki Oya. Please refer to the executive summary on Page 2.

Starting with the financial results overview. Net sales was JPY 13.7 billion. Operating income was JPY 1.6 billion. And EBITDA was JPY 1.6 billion.

From this fiscal year, we report our results in 2 segments. The Game, Metaverse and Advertising and Media businesses are now under the Internet and Entertainment business, while Investments are under the Investment and Incubation business. Operating income of the Internet and Entertainment business was JPY 0.5 billion and surpassed our forecast.

Going to business highlights. We made progress in

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