GREE’s operating profit jumps 130% to $222 million in last fiscal
Japan's mobile social gaming giant GREE is becoming so successful, it's scary. According to Japanese daily The Nikkei, the Tokyo-based company's operating profit ballooned to 19.5 billion yen ($222 million) in the fiscal year that ended in June. That's $17 million more than the company expected and a whopping 130% more than in the year before.
GREE's yearly revenue even grew 140% year-on-year to hit $387 million, which is also slightly more than projected.
The Nikkei says that membership exceeded 20 million at the end of last month (a 60% increase year-on-year), meaning GREE is now more or less as big as Mixi. Reportedly, GREE currently gets 500,000 to 600,000 new members per month.
GREE itself hasn't confirmed the news on its corporate site yet.
Author Information Dr. Serkan Toto is a German based in Tokyo. Like us, he is passionate about introducing Japanese IT to the rest of the world.
Full-time, Serkan works as an independent web industry consultant for hedge funds, venture capital companies and start-ups worldwide. He is also a writer for mega tech blog network TechCrunch, covering Japan-related technology and web trends.
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