CTW Cayman

General Information
Business:

(Incorporated in the Cayman Islands)

We are a leading globally accessible, web-based gaming platform, offering players an immersive digital space through our flagship HTML5 platform, G123.jp. Our platform showcases a diverse selection of free-to-play games inspired by popular Japanese animations, including Queen’s Blade, So I’m a Spider, So What?, and Goblin Slayer. The HTML5-based G123.jp platform removes common barriers to gameplay, such as downloads, installations, and mandatory registrations, ensuring that seamless, instant access is available to players worldwide across different types of devices, including mobile devices beyond just PCs. As of the date of this prospectus, we have 27 games on our platform and 11 games in pre-registration. According to the Frost & Sullivan Report, we are the largest anime IP-based H5 games platform in 2023 in the world in terms of gross billings.

Our primary focus is serving game developers as our core customers by providing a comprehensive platform that helps them generate revenue and reach a global audience. Through our gaming platform, we share revenue generated from players’ in-game purchases worldwide. Leveraging our well-established relationships with leading Japanese animation IP holders, we offer premium IP resources along with ancillary support, as well as distribution and marketing services, to game developers. By collaborating with leading game developers, we bring high-quality and animation-themed gaming experiences to the game players/end-users worldwide.

(Note: CTW  Cayman is offering 3.0 million shares at a price range of $5.00 to $6.00 to raise $16.5 million, according to its F-1/A filing dated July 3, 2025.)

Industry: Gaming Platform for Japanese Anime Characters
Employees: 272
Founded: 2013
Contact Information
Address 29F, 1 Chome-9-10, ARK Hills Sengokuyama Mori Tower Roppongi, Minato City, Tokyo 106-0032, Japan
Phone Number +050-1748-6333
Web Address https://ctw.inc/?lang=en/
View Prospectus: CTW Cayman
Financial Information
Market Cap $346.5mil
Revenues $91.66 mil (last 12 months)
Net Income $2.65 mil (last 12 months)
IPO Profile
Symbol CTW
Exchange NASDAQ
Shares (millions): 3.0
Price range $5.00 - $6.00
Est. $ Volume $16.5 mil
Manager / Joint Managers Kingswood/TFI Securities & Futures Limited
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change