{"id":15777,"date":"2011-10-31T22:33:16","date_gmt":"2011-10-31T13:33:16","guid":{"rendered":"http:\/\/asiajin.com\/blog\/?p=15777"},"modified":"2011-10-31T22:33:16","modified_gmt":"2011-10-31T13:33:16","slug":"social-gaming-network-gree-issues-upward-revision-40-billion-yen-plus","status":"publish","type":"post","link":"https:\/\/asiajin.com\/blog\/2011\/10\/social-gaming-network-gree-issues-upward-revision-40-billion-yen-plus\/","title":{"rendered":"Social Gaming Network Gree Issues Upward Revision, 40 Billion Yen Plus"},"content":{"rendered":"<p><a href=\"http:\/\/www.gree.co.jp\/en\/\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/img.asiajin.com\/blog\/wp-content\/uploads\/2008\/11\/gree-logo.png\" alt=\"\" title=\"gree-logo\" width=\"234\" height=\"73\" class=\"alignright size-full wp-image-1376\" \/><\/a><br \/>\nGree announced today that it revised up its annual sales outlook from its original forecast 90-100 billion yen(US$1.15-1.28 billion) to 130-140 billion yen(US$1.67-1.80 billion). Net income is expected to increase 11 billion yen (US$141 million) as well.<br \/>\nThis upward revision is due to higher rate of social game monetization, the release said.<\/p>\n<blockquote><p>Reason for revision<br \/>\nFiscal 2011 Q1, as seen in the last fiscal year, has shown stable paid service sales, with<br \/>\nmonetization of social games on our social networking service (SNS) GREE increasing at a<br \/>\nhigher rate than originally expected.  Considering this level,  we have revised  our annual<br \/>\nestimates for Net Sales, Operating Profit, Ordinary Profit and Net Income, which are<br \/>\nexpected to exceed our previous estimates.<br \/>\nWe have considered increased costs for enhancing data centers, increased advertising costs,<br \/>\nincreased labor costs and recruiting costs with the expanding business, and  increased costs<br \/>\nrelated to  offices overseas such as the Americas, Europe, and Asia,  in addition to recent<br \/>\nfinancial performance when revising our estimates<br \/>\nfrom <a href=\"http:\/\/v3.eir-parts.net\/EIR\/View.aspx?template=ir_material&#038;sid=12123&#038;code=3632\" target=\"_blank\" rel=\"noopener\">the release<\/a>\n<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Gree announced today that it revised up its annual sales outlook from its original forecast 90-100 billion yen(US$1.15-1.28 billion) to 130-140 billion yen(US$1.67-1.80 billion). Net income is expected to increase 11 billion yen (US$141 million) as well. This upward revision is due to higher rate of social game monetization, the release said. Reason for revision&hellip; <a class=\"more-link\" href=\"https:\/\/asiajin.com\/blog\/2011\/10\/social-gaming-network-gree-issues-upward-revision-40-billion-yen-plus\/\">Continue reading <span class=\"screen-reader-text\">Social Gaming Network Gree Issues Upward Revision, 40 Billion Yen Plus<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[17,31],"tags":[1185,1441,2414,3192,3193,3410,3908],"class_list":["post-15777","post","type-post","status-publish","format-standard","hentry","category-japan","category-social-game-2","tag-finance","tag-gree","tag-monetization","tag-sales","tag-sales-forecast","tag-social-game","tag-upward-revision","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/posts\/15777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/comments?post=15777"}],"version-history":[{"count":0,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/posts\/15777\/revisions"}],"wp:attachment":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/media?parent=15777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/categories?post=15777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/tags?post=15777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}