CTW · NASDAQ · Electronic Gaming & Multimedia

CTW

Operates a global browser-game platform for free-to-play titles based on Japanese animation IP.

$2.56
After-hours close+0.02 (+0.79%)
At close$2.54(−4.87%)
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Profile

CTW Cayman Class A Ordinary SharesCTWCommunication Services

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

CEORyuichi Sasaki
ListedAug 6, 2025
ExchangeNASDAQ
HeadquartersTokyo, Japan
CountryJapan
Employees350
CIK0002047148
ISINKYG2589A1058

Key statistics

Market cap$161.0M
EPS (ttm)$0.0638
P/E (ttm)40.43
ROE14.9%
P/B5.60
P/S1.78
Dividend yield
Beta0.70vs XLC 0.45

Year to date +40.3% · Average volume (30d) 28.6K

Analysts

No analyst consensus on record.

Earnings

EPS

Estimate$0.05
ReportedDue Sep 30, 2026

Revenue

Estimate$58.0M
ReportedDue Sep 30, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Nov 17, 2025$0.05$49.2M+9.33%
May 15, 2025$0.03$35.0M
Aug 11, 2011−$0.67$1.1M
View details

Financial highlights

12 quartersQ3 FY19Q4 FY19Q4 FY23Q2 FY24Q4 FY24Q2 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 margin69.1%69.5%76.0%75.1%76.1%75.4%
Operating margin36.7%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

Japan$62.9M · 70%
Korea (South), Won$9.3M · 10%
North America$7.5M · 8%
Taiwan$4.6M · 5%
Europe$3.1M · 3%
Other Member$2.9M · 3%

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

Institutions 0.06%35.5K sharesInsiders 96.19%60.02M sharesOther 3.75%2.34M shares

Shares outstanding 62.40M · Float 2.38M · 3.8% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Ryuichi Sasaki · director, 10 percent owner, officer: Chief Executive Officer60.00M96.15%Form 4Mar 18, 2026
Zhixian Liu · officer: Chief Financial Officer24.0K0.04%Form 4Mar 18, 2026
XTX Topco Ltd19.3K0.03%13FMay 15, 2026
Pinnacle Associates Ltd15.0K0.02%13FApr 22, 2026
UBS Group AG1.2K0.00%13FMay 5, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
May 27, 2026Hairihan Tongofficer: Chief Technology Officer−669$2.21
View details

Peers

  • NetEase (ADR)

    Named H5 and anime-IP H5-games competitor in global online games

CompareAfter-hours close

CompanyPriceChange
CTW$2.56+0.79%$161.0M40.41.8
NetEase (ADR)$122.56−0.11%$78.37B16.415.14.5+13.9%
Median16.415.14.5+13.9%