On February 5, 2026, GREE Holdings Inc. announced its financial results for the second quarter of the fiscal year ending June 2026. Consolidated results were sales of 12.71 billion yen, operating profit of 400 million yen, and net income of 150 million yen. Revenue and profit decreased compared to the previous quarter due to the lack of large distributions in the investment business. Each business was generally strong, and the VTuber business segment, consisting of the platform “REALITY” and VTuber production, achieved its highest quarterly sales ever.
Sales for the VTuber business increased 9% year-on-year to 2.27 billion yen. Operating profit also increased significantly, up 105% year-on-year to 200 million yen. Growth was driven by REALITY Studios’ production business, which saw sales increase 92% year-on-year to 550 million yen. Thanks to the year-end sales season and in-house events, the business alone achieved a new record high in sales.
REALITY, a platform business, achieved stable sales of 1.73 billion yen. Cost optimization continues, maintaining a high profit margin. The profits from the platform business support the entire segment. Going forward, we will continue to use these profits to actively invest in the production business.
The VTuber business is projected to achieve sales of 2.82 billion yen and operating profit of 570 million yen in the third quarter. Going forward, the company plans to exhibit at large overseas events and hold live performances. The production business is expected to achieve a monthly profit in the second half of the fiscal year ending June 2026. The company plans to achieve full-year profitability for the fiscal year ending June 2027. The company is also considering expanding into new businesses in related fields and through M&A (mergers and acquisitions).
The company aims to grow its VTuber, IP, and DX businesses in the medium to long term. Its goal is to achieve a sustained profit growth rate of 120 to 140%. With the stability of its platform business, full-year operating profit is expected to remain consistent with the initial plan. The company aims to continue achieving steady growth and maximizing corporate value in the metaverse, including virtual spaces.
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