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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 highlights rapid growth of its G123 anime-focused gaming platform and expanding global reach. For fiscal 2025, in-game purchases reached $107 million, up 27%, while revenue grew 32% to $90.4 million, supported by a high-margin revenue-share model with IP holders and developers.
The company reports fiscal 2025 net income of $3.8 million and Adjusted EBITDA of $8.0 million, reflecting continued profitability despite heavier investment in AI-driven marketing and game development. Paying users rose to 589,800 in 2025 and average monthly active users increased to 3.38 million, underscoring a larger, more engaged player base.
CTW emphasizes AI tools to cut customer acquisition costs, optimize return on ad spend, enhance localization and customer support, and manage game lifecycles. With 36 games live, 6 in pre-registration, and 19 in backlog, plus growing revenue from outside Japan, the company presents a multi-year pipeline for further scale.
CTW Cayman director and Chief Executive Officer Sasaki Ryuichi has filed a Form 3 reporting his beneficial ownership of the company’s ordinary shares through CTW (BVI) LTD.
He indirectly holds 48,000,000 Class A ordinary shares and 12,000,000 Class B ordinary shares. The Class B ordinary shares are immediately convertible into Class A ordinary shares on a one-for-one basis.
CTW Cayman’s Chief Financial Officer, Liu Zhixian, has filed an initial ownership report showing direct holdings of 24,000 Class A ordinary shares. This Form 3 filing does not reflect a new buy or sell transaction; it simply discloses the CFO’s existing equity stake in the company.
CTW Cayman filed its annual report on Form 20-F, outlining growth of its browser-based, Japanese animation-focused gaming platform. Revenue increased to US$90.3 million in fiscal 2025 from US$68.4 million in 2024, while net income declined to US$3.8 million from US$6.0 million as the company invested in growth and absorbed advance losses to developers. Cumulative active users rose to 261 million from 214 million, but the business remains highly dependent on a small number of flagship titles and developers, with Vivid Army and Queen’s Blade Limit Break together contributing a large share of revenue. CTW relies on third-party IP and game developers, a free-to-play model in which only a small portion of users pay, and third-party cloud, network, and payment providers, while facing intense competition, regulatory and data-privacy scrutiny, technology and cyber risks, and foreign exchange exposure as it expands beyond Japan.
CTW Cayman filed an Form S-8 to register securities for employee benefit plans, incorporating its Form F-1 disclosures. The filing references the Registrant's audited financial statements for the year ended July 31, 2024 with an auditor's report dated February 5, 2025 (Note 4 dated March 31, 2025). The filing also incorporates the final prospectus filed August 7, 2025 and Form 8-A filed July 22, 2025, and lists governing documents, equity plans, consents, and the filing fee table.
CTW Cayman filed an Form S-8 to register securities for employee benefit plans, incorporating its Form F-1 disclosures. The filing references the Registrant's audited financial statements for the year ended July 31, 2024 with an auditor's report dated February 5, 2025 (Note 4 dated March 31, 2025). The filing also incorporates the final prospectus filed August 7, 2025 and Form 8-A filed July 22, 2025, and lists governing documents, equity plans, consents, and the filing fee table.
CTW Cayman has changed its independent auditor, appointing Golden Ocean FAC PAC to audit its consolidated financial statements effective September 5, 2025. The prior auditor, CPA INC., was dismissed on the same date.
The prior audit reports on the years ended July 31, 2024 and 2023 contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles. The company states there were no disagreements or reportable events with CPA INC. through the dismissal date, and it had not consulted Golden Ocean on accounting or audit matters before the engagement.