GREE Inc (JP:3632)
:3632
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GREE
(3632)
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Rating:54Neutral
Price Target:
¥366.00
▼(-11.38% Downside)
Action:Reiterated
Date:10/30/25
The overall stock score is primarily impacted by financial performance challenges and bearish technical indicators. The strong balance sheet provides some stability, but the high P/E ratio and negative market momentum weigh heavily on the score.
Positive Factors
Low Leverage / Strong Equity
A low debt-to-equity ratio and a robust equity ratio (~70.4%) provide durable financial flexibility. This capital structure supports multi-period investment in game development, live-ops and IP while weathering revenue cyclicality, reducing refinancing risk over months.
Negative Factors
Declining Revenue Trend
Sustained revenue contraction signals weakening product demand or market share erosion. Over 2-6 months this reduces internal funding for new title launches and marketing, raising execution risk and making growth recovery harder without structural product or distribution improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Strong Equity
A low debt-to-equity ratio and a robust equity ratio (~70.4%) provide durable financial flexibility. This capital structure supports multi-period investment in game development, live-ops and IP while weathering revenue cyclicality, reducing refinancing risk over months.
Read all positive factors
GREE (3632) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥70.39B
Dividend Yield2.09%
Average Volume (3M)556.04K
Price to Earnings (P/E)30.6
Beta (1Y)0.36
Revenue Growth-8.43%
EPS Growth-5.44%
CountryJP
Employees1,580
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)6.98
Shares Outstanding179,749,700
10 Day Avg. Volume777,270
30 Day Avg. Volume556,043
Financial Highlights & Ratios
PEG Ratio-1.01
Price to Book (P/B)0.95
Price to Sales (P/S)1.56
P/FCF Ratio133.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)15.7
Revenue Forecast (FY)¥51.60B
GREE Business Overview & Revenue Model
Company Description
GREE, Inc. is a technology company engaged in the global and domestic online media sector. Its core activities include the development and operation of a diverse portfolio of mobile social games, as well as titles for platforms such as the Nintend...
How the Company Makes Money
GREE makes money primarily by operating digital games and related online services. Its core revenue model typically includes: (1) in-game purchases (microtransactions) where users buy virtual items, characters, power-ups, or other digital goods; (...
GREE Earnings Call Summary
Earnings Call Date:Nov 05, 2024
(Q1-2025)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture, with strong growth in the Metaverse and VTuber businesses counterbalanced by significant challenges in the Investment and Game and Anime businesses, as well as foreign exchange losses.Positive Updates
Strong Start for Heaven Burns Red
The Chinese version of Heaven Burns Red had a strong start, contributing positively to the Game and Anime business.
Negative Updates
Operating Loss in Investment Business
The Investment business posted an operating loss of JPY 0.81 billion, primarily due to valuation losses and low dividend distributions.
Read all updates
Q1-2025 Updates
Positive
Negative
Strong Start for Heaven Burns Red
The Chinese version of Heaven Burns Red had a strong start, contributing positively to the Game and Anime business.
Read all positive updates
Company Guidance
During the earnings call for GREE, Inc.'s Q1 2025 results, several key financial metrics were highlighted. The company reported net sales of JPY 12.9 billion, an operating loss of JPY 0.1 billion, and a negative EBITDA of JPY 0.1 billion. In the Investment business, GREE faced an operating loss of JPY 0.8 billion largely due to valuation losses, while the Game and Anime, Metaverse, and DX businesses exceeded expectations. The company also incurred foreign exchange losses of approximately JPY 1.4 billion, impacting ordinary and net profits. Despite these challenges, the Metaverse and DX businesses are targeted for stable growth with a CAGR of 120% to 140%, while the Game and Anime business is positioned for long-term investment. Looking forward, GREE anticipates Q-on-Q growth in sales and profit for the Game and Anime business in the second quarter, supported by anniversary events for key titles.GREE Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
75
Positive
Cash Flow
60
Neutral
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 57.11B | 61.31B | 75.44B | 74.91B | 56.77B |
| Gross Profit | 29.21B | 34.24B | 46.61B | 44.85B | 31.55B |
| EBITDA | 4.14B | 7.68B | 13.15B | 15.27B | 14.24B |
| Net Income | 1.19B | 4.63B | 9.28B | 10.12B | 13.53B |
Balance Sheet | |||||
| Total Assets | 132.90B | 128.79B | 124.81B | 116.73B | 141.39B |
| Cash, Cash Equivalents and Short-Term Investments | 104.61B | 99.39B | 93.87B | 88.84B | 94.82B |
| Total Debt | 25.70B | 16.71B | 15.73B | 8.10B | 8.10B |
| Total Liabilities | 39.25B | 33.26B | 32.26B | 25.80B | 21.18B |
| Stockholders Equity | 93.53B | 95.43B | 92.50B | 90.88B | 120.16B |
Cash Flow | |||||
| Free Cash Flow | 668.00M | 3.36B | 4.16B | 11.87B | 0.00 |
| Operating Cash Flow | 674.00M | 3.50B | 4.59B | 13.22B | 0.00 |
| Investing Cash Flow | 312.00M | -23.00M | -439.00M | -5.30B | 1.90B |
| Financing Cash Flow | 6.02B | -999.00M | 3.26B | -37.52B | -4.01B |
GREE Technical Analysis
Negative
413.00
Price Trends
390.48
Positive
390.32
Positive
406.30
Negative
Market Momentum
1.72
Positive
45.87
Neutral
16.34
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3632, the sentiment is Negative. The current price of 413 is above the 20-day moving average (MA) of 408.25, above the 50-day MA of 390.48, and above the 200-day MA of 406.30, indicating a neutral trend. The MACD of 1.72 indicates Positive momentum. The RSI at 45.87 is Neutral, neither overbought nor oversold. The STOCH value of 16.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3632.
GREE Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥167.61B | 10.14 | 10.05% | 4.61% | 10.67% | 1.68% | |
69 Neutral | ¥294.99B | 15.27 | 17.98% | 2.52% | -9.94% | -21.11% | |
61 Neutral | ¥120.72B | 80.35 | 3.38% | 2.38% | -5.49% | -82.16% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | ¥70.39B | 30.59 | 1.59% | 2.09% | -8.43% | -5.44% | |
49 Neutral | ¥13.04B | 7.88 | ― | ― | 2.70% | -30.63% | |
42 Neutral | ¥18.47B | -4.24 | ― | ― | -17.15% | -70.83% |
* Communication Services Sector Average
JP:3632
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GREE Corporate Events
GREE Raises DOE Target and Sets Higher Dividend Forecast for FY2026
May 13, 2026
GREE Holdings, Inc. has revised its dividend policy to increase shareholder returns, raising its target dividend on equity (DOE) from around 3% to around 4% while maintaining a consolidated dividend payout ratio of at least 30%, capped at 70%. The...
GREE Posts Higher Profit but Suspends Earnings Forecast Amid Market Volatility
May 13, 2026
GREE reported consolidated net sales of ¥38.44 billion for the nine months ended March 31, 2026, down 10.9% year on year, with operating profit falling 34.7% to ¥2.42 billion but ordinary profit rising 11.1% and profit attributable to sh...
GREE Parent Sequoia to Boost Stake With 8.34% Block Purchase From Founder
Mar 5, 2026
GREE Holdings’ parent company Sequoia Inc. will acquire 14,961,000 GREE shares, equivalent to 8.34% of total voting rights, from founder and CEO Yoshikazu Tanaka via an in-kind contribution on March 6, 2026. Following the transaction, Sequoi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.