Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to US$2.77, the stock trades at a trailing P/E ratio of 45.1x. Average trailing P/E is 26x in the Entertainment industry in the US. New Risk • Jun 05
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended July 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported July 2025 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (4.2% net profit margin). Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to US$2.36, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 28x in the Entertainment industry in the US. Duyuru • May 05
CTW Cayman to Report First Half, 2026 Results on May 13, 2026 CTW Cayman announced that they will report first half, 2026 results on May 13, 2026 Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to US$2.75, the stock trades at a trailing P/E ratio of 44.8x. Average trailing P/E is 33x in the Entertainment industry in the US. Duyuru • Apr 19
CTW Cayman, Annual General Meeting, May 07, 2026 CTW Cayman, Annual General Meeting, May 07, 2026, at 10:00 Tokyo Standard Time. Location: ark hills sengokuyama mori tower, 29f, 1-9-10, roppongi, minato city, tokyo Japan Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to US$2.25, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 35x in the Entertainment industry in the US. Duyuru • Mar 23
CTW Inc Launches Kakegurui All In And Expands Game Library CTW Cayman announced that its subsidiary CTW Inc. has officially launched the new game Kakegurui ALL IN based on the popular television anime. This latest game launch is expected to be followed by the launch of additional new games from the Company’s pipeline over the coming months. Players will be able to enjoy these games on any mobile, PC, or tablet device at G123.jp, which offers free browser games without the need to register or download any game-specific app. Kakegurui ALL IN is based on the acclaimed manga and anime series that follows students at Hyakkaou Private Academy, an elite institution where social hierarchy is determined by gambling prowess. The series has garnered significant international recognition through its manga serialization, multiple anime seasons, and live-action adaptations. The game brings the franchise's signature high-stakes psychological warfare and strategic gameplay to G123, allowing players to experience the intense risk-and-reward dynamics that have made the franchise a global success. The company currently has 36 titles on G123.jp, including Doraemon Comic Traveler and Crayon Shinchan My Sugoroku Great Strategy, titles that are each based on legendary anime characters. In addition, the Company recently launched Miss Kobayashi'sDragon Maid Fantasia and expects to launch High School of the Dead Day 0 and Cute High Earth Defense Club Love Macho in the near term. Miss Kobayashi'sDragon Maid Fantasia is based on the popular manga that includes an anime movie scheduled for release in June. In this new role-playing game, Miss Kobayashi and her friends are trapped in the game world by a bug, and players need to help them escape. High School of the Dead Day 0 is a survival tower defense game based on the hit anime High School of the Dead. Players step into the role of protagonist Takashi Komuro and fight for survival in a collapsing world overrun by "them" — all while building and expanding their own base of operations. Players recruit a cast of unique characters and take on highly strategic tower defense battles with their own custom party. Cute High Earth Defense Club Love Macho is a tower defense game that throws the power of love at attacking monsters. This is the first game adaptation of the popular anime series Cute High Earth Defense Club, which included a television show that was first broadcast in 2015. All of the characters from the series are slated to appear in the game. New Risk • Mar 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (37% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (4.2% net profit margin). Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$1.78, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 35x in the Entertainment industry in the US. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$1.80, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 28x in the Entertainment industry in the US. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$1.50, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 24x in the Entertainment industry in the US. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$2.03, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 19x in the Entertainment industry in the US. Duyuru • Dec 16
CTW Inc. Launches Doraemon Comic Traveler Role- playing Game from the Beloved Franchise CTW Cayman announced that its subsidiary CTW Inc. has officially launched Doraemon Comic Traveler, a full-scale online role-playing game (RPG) based on the beloved Doraemon manga franchise. Players can immediately enjoy the game on any mobile, PC, or tablet device at G123.jp, which offers free browser games without the need to register or download any game-specific app. Doraemon Comic Traveler is set on the mysterious Comic Planet, a world rich in manga culture, with a completely original storyline. Players can join the iconic five characters from the Doraemon series - Doraemon, Nobita, Shizuka, Gian, and Suneo - to use secret gadgets to clear stages and enjoy heartwarming interactions with the planet's inhabitants, Comic Aliens. The Comic Aliens have a unique ability to transform into various characters from across Doraemon's Long Tales manga series. Notable appearances include Robble and Chammy from Nobita the Spaceblazer, Lyril and Zanta Claus from Nobita vs. the Mecha Army, and Kukul from Nobita's Stone Age Japan, characters that all appear as allies throughout the game's storyline. Doraemon is one of the most enduring and commercially successful manga and anime franchises worldwide, with a legacy spanning over five decades across comics, television, and feature films, supported by a highly developed merchandise ecosystem. Since its debut in 1969, the franchise's central character--a futuristic robotic cat from the 22nd century-- has become a cultural icon in Japan and across Asia and has been officially recognized by the Japanese government as the nation's first "anime ambassador." In recent years, Doraemon has expanded its reach in the U.S., with films released in domestic theaters, strong visibility on global streaming platforms like Netflix and HBO Max, and increasing recognition among American audiences as part of the broader global wave of Japanese pop culture. This growing U.S. traction underscores the franchise's ability to connect with new generations of fans and to deepen its commercial footprint in a key global market. Ruler of the Labyrinth, Arifureta: From Commonplace to World's Strongest - Rebellion Soul, and Queen's Blade Limit Break. CTW delivers these games through its globally accessible HTML5 platform, G123.jp. According to a Frost & Sullivan Report, CTW was the largest anime IP-based H5 game platform in the world in 2023 in terms of gross billings. CTW's primary focus is to provide a comprehensive platform that helps game developers generate revenue from underlying Japanese anime IP by reaching a global player audience. Through its gaming platform, CTW shares revenue generated from players' in-game purchases worldwide with game developers. Leveraging its well-established relationships with leading Japanese animation IP holders, CTW offers premium IP content and resources, along with ancillary support, such as distribution and marketing services, to game developers. By collaborating with skilled game developers, CTW brings high-quality and animation-themed gaming experiences to gamers worldwide. New Risk • Nov 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 37% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Profit margins are more than 30% lower than last year (4.2% net profit margin). Duyuru • Nov 10
CTW Cayman to Report Second Half, 2025 Results on Nov 17, 2025 CTW Cayman announced that they will report second half, 2025 results on Nov 17, 2025 Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$2.10, the stock trades at a trailing P/E ratio of 49.5x. Average trailing P/E is 24x in the Entertainment industry in the US. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to US$2.52, the stock trades at a trailing P/E ratio of 59.4x. Average trailing P/E is 33x in the Entertainment industry in the US. Duyuru • Aug 28
CTW Cayman Launches Pre-Registration for Simulation Game Adaptation of Hit Anime the Apothecary Diaries CTW Cayman announced that pre-registration is now underway for The Apothecary Diaries Palace Chronicles, a simulation game based on the popular anime The Apothecary Diary Diaries Palace Chronicles is a simulation game based on the TV anime The ApothecaryDiaries Diaries. Players will train the protagonist, Maomao, and take on various cases and dilemmas occurring within the Palace and pleasure district. Playable directly on web browsers, no installation is needed. Whether on smartphone, tablet, or PC, players can easily enjoy the richly illustrated characters like Jinshi, the consort Gyokuyou, and more while diving deep into the anime's world. Since its premiere in 2023, The Apothecary Diario Diaries has quickly risen to become one of the most popular anime and manga series of recent years. In Japan, The Apothecary diaries has dominated the streaming charts. Season 1 was the #1 most-streamed anime on ABEMA, the online streaming network that provides live and on-demand content, and Season 2 continued that success with the highest average views per episode across real-time and on-demand streams. In the U.S., Season 1 was named one of the "best anime of 2024" by Polygon and Season 2 placed among the top-rated series of 2025 at the Anime Trending Awards (IMDb's fan-based ranking). The Apothecary Diari Palace Chronicles will join a growing lineup of other globally recognized games on G123.jp, including High School DxD, Queen's Blade, So I'm a Spider, So What%, Arifureta, Negima! Magister Negi Magi, Kakegurui, Vivid Army, Game of Thrones, Legend of the Galactic Heroes, the soon-to-launch Doraemon Comic Traveler, and more. Duyuru • Aug 06
CTW Cayman has completed an IPO in the amount of $12 million. CTW Cayman has completed an IPO in the amount of $12 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,400,000
Price\Range: $5
Discount Per Security: $0.35 
