REALITY, a subsidiary of GREE, posted sales of ¥6.479 billion (US$43 million) for the fiscal year ending June 2024, with ordinary income reaching ¥1.133 billion (US$7.5 million) and net income of ¥863 million (US$5.7 million). The company’s metaverse platform, one of the largest in Japan, has begun generating substantial profits after years of investment.
Despite being in debt by ¥1.8 billion (US$12 million) due to prior investments, REALITY’s recent performance marks a positive shift as it enters its monetization phase. GREE expects the subsidiary’s success to significantly impact its own consolidated financial results moving forward.
REALITY has focused on expanding content and functionality, while also pursuing global growth. Cost-cutting measures have improved profitability, allowing the platform business to achieve full-year profitability. However, the company’s debt remains a concern, though its rising revenues suggest a path to resolution in the near future.
