CTW
Operates a global browser-game platform for free-to-play titles based on Japanese animation IP.
Something off on this page? Send us feedback.
Profile
G123.jp delivers web-based, free-to-play games based on Japanese animation IP to a global audience. Revenue is tied to in-game purchases, while the company shares revenue with developers.
Operates G123.jp, a globally accessible HTML5 platform for web-based, free-to-play games based on Japanese animation IP. Its catalog is built for browser delivery rather than conventional console or mobile publishing.
In-game purchases drive revenue, and the company pays developers a revenue share. That model depends on selecting and launching titles, keeping players engaged, marketing efficiently, maintaining developer arrangements, and having relevant IP available.
Based in Tokyo, the platform serves users internationally and a recent operating update reported 35 live games. A New York office supports marketing, partnerships, and user acquisition. G123.jp is a web-based, globally accessible platform.
Company facts
Categories
Key statistics
Year to date +40.3% · Average volume (30d) 28.6K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Nov 17, 2025 | — | $0.05 | — | — | $49.2M | — | +9.33% |
| May 15, 2025 | — | $0.03 | — | — | $35.0M | — | — |
| Aug 11, 2011 | — | −$0.67 | — | — | $1.1M | — | — |
Financial highlights
| 12 quarters | Q3 FY19 | Q4 FY19 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.04B | $2.01B | $33.4M | $35.0M | $41.2M | $49.2M | |
| Gross profit | $1.41B | $1.40B | $25.4M | $26.3M | $31.4M | $37.0M | |
| Operating income | $748.0M | $626.0M | $5.5M | $1.2M | $850.8K | $1.7M | |
| Net income | $477.0M | $386.0M | $4.0M | $2.0M | $638.8K | $3.2M | |
| Diluted EPS | $0.00 | $0.00 | $0.06 | $0.03 | $0.01 | $0.05 | |
| Gross margin | 69.1% | 69.5% | 76.0% | 75.1% | 76.1% | 75.4% | |
| Operating margin | 36.7% | 31.1% | 16.5% | 3.4% | 2.1% | 3.5% |
Fiscal years (4-quarter sums)FY16 $8.91B · FY17 $8.55B · FY18 $8.49B · FY19 $8.16B
Revenue by geography · Q2 FY25
Balance sheet, Jan 31, 2026Cash & short-term investments $19.5M · Total debt $7.5M · Total assets $62.3M · Shareholders' equity $37.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 62.40M · Float 2.38M · 3.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Ryuichi Sasaki · director, 10 percent owner, officer: Chief Executive Officer | 60.00M | 96.15% | Form 4 | Mar 18, 2026 |
| Zhixian Liu · officer: Chief Financial Officer | 24.0K | 0.04% | Form 4 | Mar 18, 2026 |
| XTX Topco Ltd | 19.3K | 0.03% | 13F | May 15, 2026 |
| Pinnacle Associates Ltd | 15.0K | 0.02% | 13F | Apr 22, 2026 |
| UBS Group AG | 1.2K | 0.00% | 13F | May 5, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 27, 2026 | Hairihan Tong | officer: Chief Technology Officer | −669 | $2.21 |
Peers
- NetEase (ADR)
Named H5 and anime-IP H5-games competitor in global online games
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CTW | $2.56 | +0.79% | $161.0M | 40.4 | — | 1.8 | — |
| NetEase (ADR) | $122.56 | −0.11% | $78.37B | 16.4 | 15.1 | 4.5 | +13.9% |
| Median | 16.4 | 15.1 | 4.5 | +13.9% |



