CTW Cayman Announces Pricing of Initial Public Offering
Initial Public Offering Announcement: CTW Cayman has priced its initial public offering of 2,400,000 Class A ordinary shares at $5.00 per share, aiming to raise $12 million for global market expansion and other corporate purposes, with trading expected to start on August 6, 2025.
Company Overview: CTW is a leading game platform that provides access to free-to-play web-based games inspired by Japanese animations through its HTML5 platform, G123.jp, and was recognized as the largest anime IP-based H5 games platform in 2023.
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- AGM Announcement: CTW will hold its annual general meeting on May 7, 2026, in Tokyo, where shareholders will consider proposals including changing the company name to align with its global brand and Nasdaq ticker, which is expected to enhance brand recognition and market competitiveness.
- Proposal Details: Shareholders will vote on adopting the Second Amended and Restated Memorandum and Articles of Association, with the Board unanimously recommending support for all proposals, indicating transparency and consistency in corporate governance that can bolster investor confidence.
- Shareholder Eligibility: Shareholders of record as of April 8, 2026, are entitled to attend and vote, ensuring the legitimacy of corporate decisions and safeguarding shareholder rights, which further strengthens the trust relationship between the company and its investors.
- Market Position: According to a Frost & Sullivan report, CTW was the largest anime IP-based H5 game platform in the world in 2023, a milestone that not only enhances the company's market position but also lays a solid foundation for future business expansion.

- Game Launch: CTW's subsidiary CTW Inc. has officially launched the online RPG Doraemon Comic Traveler based on the beloved manga franchise, allowing players to enjoy it for free on the G123.jp platform, marking a significant expansion in the global gaming market.
- Cultural Impact: As one of the most successful manga and anime franchises worldwide with over five decades of history, Doraemon attracts millions of fans, and CTW's partnership with this iconic IP is expected to drive user growth and revenue enhancement.
- Market Strategy: CEO Ryuichi Sasaki stated that this launch is the company's most significant game release to date, aiming to leverage Doraemon's cross-generational emotional appeal and strong monetization potential to further expand its influence in the U.S. market.
- Global Expansion: With Doraemon's growing presence in the U.S., CTW aims to deepen its commercial footprint in global markets through this game launch, particularly by establishing stronger brand recognition among younger generations.
- Game Launch: CTW's subsidiary officially releases Doraemon Comic Traveler, an online RPG based on the beloved manga, available for free on G123.jp, which is expected to attract a large fanbase and enhance user engagement.
- Cross-Platform Playability: The game is accessible on mobile, PC, and tablet devices without the need for registration or app downloads, significantly lowering the entry barrier for users and aiding CTW in expanding its global user base.
- Brand Partnership: CTW's collaboration with the globally recognized IP of Doraemon not only strengthens its market competitiveness but also leverages the franchise's cross-generational emotional appeal to drive further penetration into the U.S. market.
- Market Potential: With Doraemon's growing influence in the U.S., CTW anticipates deepening connections with new generations of fans through this game, thereby achieving long-term commercial growth and enhancing shareholder value.
Financial Performance: CTW Cayman reported a record revenue of $90.4 million for FY25, marking a 32% year-over-year increase, with a notable 41% growth in the second half of the fiscal year. The company also achieved a net income of $3.8 million and an Adjusted EBITDA of $8.0 million.
Game Launches and Pipeline: During FY25, CTW launched seven new games, including popular titles like "So I'm a Spider, So What? Ruler of the Labyrinth," contributing $32.3 million in revenue. The company has a robust pipeline for FY26, with 24 games in backlog.
Market Expansion: The company is focusing on expanding its user base beyond Japan, with international users accounting for 30% of revenue in FY25, up from 19% the previous year. This reflects a growing global interest in anime-based games.
Strategic Investments: CTW has made significant investments in R&D and personnel to enhance scalability and AI capabilities, particularly in North America, which is seen as a key growth market for the company moving forward.
CTW Participation in Conference: CTW Cayman will participate in the Planet MicroCap Showcase Conference on October 22-23, 2025, in Toronto, where management will present and hold investor meetings.
Company Overview: CTW is a leading game platform company known for its HTML5 platform, G123.jp, which offers web-based, free-to-play games inspired by popular Japanese animations and was recognized as the largest anime IP-based H5 game platform in 2023.
Oversold Stocks in Communication Services: The communication services sector has several oversold stocks, including Amber International Holding Ltd, CTW Cayman, and Kuke Music Holding Ltd, all with RSI values below 30, indicating potential buying opportunities for undervalued companies.
Recent Stock Performance: Amber International's stock has dropped 48% recently, CTW Cayman by 53%, and Kuke Music by 31%, with each company experiencing significant declines and low closing prices, suggesting a potential for recovery.







