GREE Holdings, Inc.

TSE:3632 Stock Report

Market Cap: JP¥68.9b

GREE Holdings Future Growth

Future criteria checks 1/6

GREE Holdings's revenue is forecast to decline at 0.3% per annum while its annual earnings are expected to grow at 1.8% per year. EPS is expected to grow by 1.9% per annum. Return on equity is forecast to be 2.4% in 3 years.

Key information

1.8%

Earnings growth rate

1.91%

EPS growth rate

Entertainment earnings growth6.5%
Revenue growth rate-0.3%
Future return on equity2.42%
Analyst coverage

Low

Last updated13 May 2026

Recent future growth updates

Recent updates

Narrative Update • Jan 23

3632: Lower Discount Rate And Margin Outlook Will Support Future Upside

Analysts kept their fair value estimate for GREE Holdings steady at ¥630. They cited a slightly lower discount rate and revenue contraction assumptions, a small uplift in profit margin expectations, and a modestly reduced future P/E multiple as the key drivers behind the unchanged price target.
Narrative Update • Jan 08

3632: Lower Discount Rate And Margin Outlook Will Support Future Upside

Analysts have inched up their price target on GREE Holdings, pointing to slightly lower assumed discount rates, a small improvement in long term profit margins, and a marginally lower future P/E multiple as the key drivers behind the adjustment. Valuation Changes Fair Value: Model fair value is unchanged at ¥630.
Narrative Update • Dec 13

3632: Future Multiple Expansion Will Drive Stronger Share Performance

Analysts have raised their price target on GREE Holdings by approximately ¥50, attributing the upward revision to a lower perceived discount rate and expectations for a richer future valuation multiple, even though they have adopted more cautious assumptions on revenue growth and profit margins. Valuation Changes Fair Value has risen moderately from ¥580 to ¥630, reflecting a higher intrinsic valuation estimate for GREE Holdings.
Analysis Article • May 15

GREE Holdings (TSE:3632) Has Announced That Its Dividend Will Be Reduced To ¥14.50

The board of GREE Holdings, Inc. ( TSE:3632 ) has announced it will be reducing its dividend by 12% from last year's...
Analysis Article • Apr 06

GREE Holdings, Inc.'s (TSE:3632) Intrinsic Value Is Potentially 39% Above Its Share Price

Key Insights Using the 2 Stage Free Cash Flow to Equity, GREE Holdings fair value estimate is JP¥761 GREE Holdings...
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New Narrative • Feb 18

Game And Anime Business Will Enter Console Games Market For Long-Term Success

Expansion in the Metaverse and DX Businesses predicts enhanced revenue growth and profit starting 2027, driven by new SaaS products and stable revenue streams.
Analysis Article • Feb 13

Earnings Not Telling The Story For GREE Holdings, Inc. (TSE:3632) After Shares Rise 26%

GREE Holdings, Inc. ( TSE:3632 ) shares have continued their recent momentum with a 26% gain in the last month alone...
Analysis Article • May 11

GREE's (TSE:3632) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of GREE, Inc. ( TSE:3632 ) has announced that the dividend on 26th of August will be increased to ¥16.50...

Earnings and Revenue Growth Forecasts

TSE:3632 - Analysts future estimates and past financials data (JPY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/202852,0002,500N/AN/A1
6/30/202751,0002,500N/AN/A1
6/30/202651,6002,700N/AN/A1
3/31/202652,4192,206N/AN/AN/A
12/31/202554,0631,470685689N/A
9/30/202556,9353,916N/AN/AN/A
6/30/202557,1111,194668674N/A
3/31/202557,2462,329N/AN/AN/A
12/31/202459,8024,865474494N/A
9/30/202458,4631,803N/AN/AN/A
6/30/202461,3094,6303,3643,502N/A
3/31/202467,3198,312N/AN/AN/A
12/31/202372,2989,0647,5457,702N/A
9/30/202374,6378,648N/AN/AN/A
6/30/202375,4409,2784,1614,590N/A
3/31/202376,1957,682N/AN/AN/A
12/31/202274,8917,4016,1537,877N/A
9/30/202277,82210,061N/AN/AN/A
6/30/202274,90610,12111,86813,218N/A
3/31/202267,97710,813N/AN/AN/A
12/31/202161,03612,9426,9917,039N/A
9/30/202155,20214,154N/AN/AN/A
6/30/202156,76613,5331,7201,770N/A
3/31/202157,8147,317N/AN/AN/A
12/31/202059,3443,41833147N/A
9/30/202062,1042,976N/AN/AN/A
6/30/202062,6652,7091,7122,032N/A
3/31/202065,0834,756N/AN/AN/A
12/31/201967,2864,784N/A4,965N/A
9/30/201968,5782,387N/AN/AN/A
6/30/201970,9363,485N/A7,258N/A
3/31/201972,5032,376N/AN/AN/A
12/31/201872,7363,054N/A9,552N/A
9/30/201874,4684,887N/AN/AN/A
6/30/201877,9254,708N/A9,127N/A
3/31/201878,1803,628N/AN/AN/A
12/31/201776,1883,304N/A7,888N/A
9/30/201772,0773,197N/AN/AN/A
6/30/201765,36912,116N/A11,652N/A
3/31/201761,76816,301N/AN/AN/A
12/31/201662,69716,168N/A12,322N/A
9/30/201665,47616,831N/AN/AN/A
6/30/201669,8788,402N/A7,476N/A
3/31/201675,168-1,444N/AN/AN/A
12/31/201580,347-1,206N/A13,839N/A
9/30/201586,343-11,403N/AN/AN/A
6/30/201592,456-10,322N/A21,586N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3632's forecast earnings growth (1.8% per year) is above the savings rate (0.8%).

Earnings vs Market: 3632's earnings (1.8% per year) are forecast to grow slower than the JP market (9.2% per year).

High Growth Earnings: 3632's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3632's revenue is expected to decline over the next 3 years (-0.3% per year).

High Growth Revenue: 3632's revenue is forecast to decline over the next 3 years (-0.3% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 3632's Return on Equity is forecast to be low in 3 years time (2.4%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/08 19:00
End of Day Share Price 2026/06/08 00:00
Earnings2026/03/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

GREE Holdings, Inc. is covered by 20 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Keiichi YoneshimaBarclays
Yosuke TomimatsuBofA Global Research
Soichiro FukudaCitigroup Inc