CTW (CTW)

The company distributes and operates titles such as Queen’s Blade, So I’m a Spider, So What? and Goblin Slayer, and its catalogue includes a mix of live games and titles in pre-registration. G123 is designed to be accessible across devices through a web browser, a model that can reduce friction for players and help developers reach users in multiple markets.

CTW’s business is centred on game distribution and related services. It works with game developers and other partners to bring content to its platform, and revenue is generated primarily through in-game purchases made by players. The company shares revenue with participating developers, creating a platform model in which CTW provides audience reach, operations and monetisation infrastructure while developers and rights holders benefit from distribution.

Japan is the company’s most important revenue market, although CTW also operates across other Asian markets including Singapore, Taiwan and mainland China. For investors, CTW represents a listed play on web-based gaming, anime intellectual property and the free-to-play monetisation model, with performance tied to user engagement, title launches, licensing relationships and competition in the mobile and browser games industry.