#United States #New York #CTW Cayman #Anime Games #Browser Games

Argus Research Coverage on CTW Cayman

In a significant development for the gaming industry, Argus Research, an independent investment research firm, has announced the initiation of its Equity Research Report coverage on CTW Cayman (NasdaqCM: CTW). This report highlights CTW's position as an emerging leader in the browser-based Japanese anime gaming sector, marking a notable step for both the company and its investors.

Overview of CTW Cayman

Founded in 2013, CTW Cayman has quickly established itself as a dominant player in the rapidly growing anime game market. The company offers a variety of engaging games through its flagship platform, G123.jp, which is accessible across mobile devices, tablets, and desktops. With a focus on licensed anime intellectual property (IP), CTW's games are enjoyed by users from over 190 countries.

Robust Game Portfolio

CTW has formed robust relationships with prominent anime IP holders, allowing it to collaborate with renowned developers. This strategic alignment supports CTW in delivering high-quality games that resonate with a wide audience of anime enthusiasts. Currently, the company boasts 31 active games on its platform, with an additional 10 titles in preregistration. The swift pace at which CTW introduces new games sets it apart in an increasingly competitive landscape, emphasizing user engagement and in-game purchases as key revenue drivers.

Rapid Growth and Expanding User Base

According to the report, CTW's active user base surged to 261 million in fiscal 2025, reflecting a 22% increase from the previous year. The growing global interest in Japanese anime and its representation on Western streaming services has propelled this growth. CTW is committed to further expanding its user base, optimizing user conversion rates into paying customers, diversifying its game offerings, and improving platform monetization strategies.

Global Market Expansion

CTW is also pivoting towards a broader geographic outreach, as evidenced by the revenue generated outside Japan increasing to 30% of total revenue in fiscal 2025, up from 19% in the prior year. This shift is in response to escalating global demand for Japanese anime-based games, prompting CTW to invest in marketing strategies aimed at attracting new users.

Leveraging AI and Advanced Technologies

The company is strategically positioned to harness advanced technologies, including Artificial Intelligence (AI) and real-time data analytics, to enhance operational efficiency and improve user acquisition rates. The use of AI is aimed at maximizing gamer engagement through tailored localization strategies catering to diverse gamer languages, enhancing the overall gaming experience on the platform.

Financial Strength

As of July 31, 2025, CTW reported a solid financial position with $12.2 million in cash and no long-term debt. Notably, the company successfully raised $12 million through its initial public offering (IPO) in August 2025, marking its first external capital raise due to a strong track record of organic growth, profitability, and cash generation.

Valuation and Investment Insights

The Argus report estimates a fair value of $9.00 per share for CTW based on its enterprise value to revenue analysis, providing a promising outlook for investors interested in the fast-expanding gaming sector.

In summary, CTW Cayman's innovative approach and strong market positioning in the browser-based anime gaming landscape underscore its potential for growth and profitability. As the company continues to expand its global footprint, investors and anime enthusiasts alike are likely to keep a watchful eye on its developments.