Welcome to our dedicated page for CTW SEC filings (Ticker: CTW), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
CTW Cayman filings document a foreign private issuer that reports on Form 20-F and furnishes current reports on Form 6-K. The company’s filings cover financial-results releases, supplemental materials, investor presentations and operating disclosures tied to its G123.jp HTML5 game platform and anime IP-based free-to-play game distribution business.
Regulatory documents also include annual general meeting notices, proxy materials, shareholder voting matters, amendments to governing documents and auditor-change disclosures. These filings record governance procedures, board and audit-committee actions, independent registered public accounting firm changes, risk statements and capital-market communications for CTW’s Nasdaq-listed ordinary shares.
CTW Cayman Chief Technology Officer Tong Hairihan reported a combined option exercise and related share sale. Tong exercised 800 stock options for Class A ordinary shares at $1.75 per share, acquiring the same number of shares.
In a broker-assisted cashless exercise, 669 Class A ordinary shares were sold at an average price of $2.21 per share solely to cover the exercise price, according to the footnote. Following these transactions, Tong holds 131 Class A ordinary shares directly and 116,221 stock options remain outstanding after the exercise.
CTW reported essentially flat revenue but a swing to loss for the six months ended January 31, 2026. Revenue was $40.9 million, down 0.7% year over year, mainly from yen depreciation, while Japan still contributed 68.4% of sales and overseas markets 31.6%.
Net results shifted from $0.6 million of profit to a $1.2 million loss as cost of revenue rose 39.6% to $13.9 million and general and administrative and R&D expenses increased, partly from share-based compensation and higher staffing and infrastructure costs. Sales and marketing expenses fell 15.2% to $22.0 million as advertising was cut back.
Key user metrics showed lower overall activity but stronger monetization: monthly active users dropped from 3.27 million to 1.98 million, yet ARPPDAU rose from $16.31 to $18.19 and ARPMAU from $2.50 to $4.08, and ROAS improved to 109.29%. Cash and cash equivalents increased to $19.5 million, helped by $10.6 million of IPO proceeds, leaving working capital of about $9.2 million and management expecting existing resources to cover at least the next 12 months.
CTW reported first-half fiscal 2026 results showing nearly flat top-line but materially higher profitability at the operating level. Revenue slipped 1% year over year to $40.9 million, as softer monetization from new titles and normal aging of legacy games weighed on performance.
Despite this, segment profit rose 55% to $18.0 million, helped by sharply lower advertising spend and reduced revenue share with developers and IP holders, even as server costs increased. Adjusted EBITDA improved 16% to $4.3 million, or 10.5% of revenue, while the company posted a net loss of $1.2 million, versus net income of $0.6 million a year earlier, largely reflecting higher public company and infrastructure costs.
Key operating metrics were mixed: gross in-game purchases edged down to $48.6 million, MAUs declined, and paying user retention softened, but average revenue per paying user and return on ad spend of 109.29% improved. Cash and cash equivalents increased to $19.5 million, supported by IPO proceeds, as CTW invests in new anime-based titles and international expansion, including a New York presence.
CTW reported that shareholders approved all resolutions at the annual general meeting held in Tokyo on May 7, 2026. The company’s corporate name was formally changed to “CTW,” and a second amended and restated memorandum and articles of association was adopted to replace the prior version in full.
The Class A ordinary shares are expected to begin trading under the new corporate name “CTW” on the Nasdaq Capital Market on May 13, 2026, while the ticker symbol CTW and CUSIP number remain the same. The company states that no action is required from shareholders and the name change is not expected to affect its business operations or financial condition.
CTW Cayman plans to hold its annual general meeting on May 7, 2026 at 10:00 AM in Tokyo. Shareholders of record as of April 8, 2026 may attend and vote.
Owners will consider changing the corporate name to CTW, adopting a Second Amended and Restated Memorandum and Articles of Association, and authorizing related implementation actions. The board unanimously recommends voting in favor of all resolutions. The new charter reflects an authorized share capital of US$50,000, divided into 500,000,000 shares of US$0.0001 par value, including Class A and Class B ordinary shares with different voting rights.
CTW Cayman director Hattori Naoto filed an initial Form 3, which serves as a baseline report of his status as an insider of the company. The provided data does not list any transactions, share holdings, or derivative positions for him in this filing.
CTW Cayman director Yamashita Koichiro has filed an initial insider ownership report with the SEC. This Form 3 filing identifies him as a director of CTW Cayman but does not report any share transactions or specific equity holdings in the company at this time.
CTW Cayman filed an initial Form 3 for director Vassily Kevin. This filing establishes Kevin’s status as a board member and subject to insider reporting rules. The data provided shows no reportable transactions or holdings at the time of this initial statement.
CTW Cayman Chief Technology Officer Tong Hairihan filed an initial ownership report showing a stock option position linked to the company’s Class A Ordinary Shares. The options cover 117,021 underlying Class A Ordinary Shares at an exercise price of $1.75 per share.
The filing indicates these stock options became exercisable on December 17, 2025 and are scheduled to expire on December 17, 2035. This report records Tong’s direct derivative holdings rather than any new purchase or sale of shares.
CTW Cayman executive vice president Ishiwata Akihiro reported his initial beneficial ownership on a Form 3. He holds stock options exercisable into 1,170,213 Class A Ordinary Shares at an exercise price of $1.75 per share, expiring on December 17, 2035. The options became exercisable on December 17, 2025 and represent a direct holding.