CTW (CTW)
Operates a global browser-game platform for free-to-play titles based on Japanese animation IP.
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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
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jan 31, 2026Cash & short-term investments $19.5M · Total debt $7.5M · Total assets $62.3M · Shareholders' equity $37.4M
- Revenue
- $49.2M
- Operating income
- $1.7M
- Net income
- $3.2M
No dividends on record.
| Institutions | 0.05% | 32.6K ADS | |
|---|---|---|---|
| 4 holders · as of Jun 30, 2026 | |||
| Insiders | 96.19% | 60.02M ADS | |
| 3 holders · as of May 29, 2026 | |||
| Other | 3.76% | 2.34M ADS | |
| remainder | |||
62.40M ADS as of Aug 28, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Jul 2025 annual report; nothing newer is on file here.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Ryuichi SasakiInsiderdirector, 10 percent owner, officer: Chief Executive Officer | 96.15% | 48.00M A ordinary · 12.00M B ordinary | filed Mar 18, 2026 |
Zhixian LiuInsiderofficer: Chief Financial Officer | 0.04% | 24,000 A ordinary | filed Mar 18, 2026 |
XTX Topco LtdInstitution | 0.03% | 16,999 A ADS | as of Jun 30, 2026 |
Pinnacle Associates LtdInstitution | 0.02% | 15,000 A ADS | as of Jun 30, 2026 |
UBS Group AGInstitution | 0.00% | 581 A ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 27, 2026 | Hairihan Tong | officer: Chief Technology Officer | −669 | $2.21 |
- NetEase (ADR)
Named H5 and anime-IP H5-games competitor in global online games
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CTW | $2.03 | −4.25% | $132.3M | — | — | — | −16.7% |
| NetEase (ADR) | $117.34 | −1.20% | $75.82B | 15.8 | 14.8 | 4.4 | +13.9% |
| Median | 15.8 | 14.8 | 4.4 | +13.9% |