# CTW Swings to $4.1 Million Loss as Fiscal 2026 Revenue Falls 9%

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/33261
Published: 2026-10-16T12:41:59.000Z
Updated: 2026-10-16T12:41:59.000Z
Section: Business

> Monthly active users fell 33% to 2.26 million, while paying active users rose 0.6% to 89,053.

CTW posted a $4.1 million net loss in fiscal 2026 as revenue fell 9% to $82.5 million, with its 15 new game launches generating less than the prior year’s seven releases.

Revenue totaled $82.5 million for the year ended July 31, 2026, compared with $90.4 million in fiscal 2025. The net loss was $0.07 per share, against net income of $3.8 million, or $0.06 per share, a year earlier.

CTW’s operating loss widened to $7.3 million from $1.1 million. The company recorded $3.5 million in adjusted EBITDA, a non-GAAP measure, versus $8 million in fiscal 2025.

The 15 games launched in fiscal 2026 generated $22 million in revenue. Seven launches in fiscal 2025 generated $32.3 million, while revenue from existing games rose 4.1% in fiscal 2026.

Monthly active users fell 33% to 2.26 million. Monthly paying active users increased 0.6% to 89,053.

CTW operates G123.jp, a browser-based platform for free-to-play games based on Japanese anime and manga. “Several of our game releases did not achieve the engagement and monetization we expected, and that weighed on our overall results,” Ryuichi Sasaki, CTW’s founder, CEO and chairman, said.