Gree, Inc. reported consolidated earnings results for the first quarter ended September 30, 2018. For the quarter, the company reported net sales of JPY 18,157 million against JPY 21,614 million a year ago. Operating income was JPY 1,616 million against JPY 2,694 million a year ago. Net income attributable to shareholders of parent was JPY 2,083 million or JPY 8.84 per share against JPY 1,904 million or JPY 8.10 per share a year ago.

Second quarter earnings forecast: net sales to be JPY 17 billion through JPY 18 billion, operating income to be JPY 1 billion to JPY 1.5 billion.