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Japanese mobile game developer Akatsuki files for IPO

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See the original story in Japanese. Tokyo-based Akatsuki, the mobile developer behind game titles like Cinderella Nine and Thousand Memories, announced that its IPO application to the Tokyo Stock Exchange was approved on Friday. The company will offer 2.2 million shares for public subscription and sell 495,000 shares in over-allotment options for a total of 1.1 million shares. Nomura Securities will lead the underwriting. Its share price range will be released on 26 February with bookbuilding scheduled to start on 1 March and pricing on 8 March. According to the consolidated statement as of July 2015, they posted revenue of 4.3 billion yen ($38 million) and an ordinary profit of 601 million yen ($5.3 million). In the latest fiscal quarter, they posted revenue of 3.9 billion yen ($34 million) and an ordinary profit 1.4 billion yen ($12.3 million). Led by the company’s CEO, Genki Shiota, (holding a 39.92% stake), its major shareholders include the company’s COO Tetsuro Koda (19.52%), Globis Capital Partners (4.54%), Link and Motivation (4.03%), and Globis Fund (2.72%). Since its launch in June 2010, Akatsuki has been seeing a rapid growth in mobile social game titles through game distribution platforms like Mobage and Gree. The company introduced…

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R to L: CEO Genki Shiota, COO Tetsuro Koda (Photo: Akatsuki’s website)

See the original story in Japanese.

Tokyo-based Akatsuki, the mobile developer behind game titles like Cinderella Nine and Thousand Memories, announced that its IPO application to the Tokyo Stock Exchange was approved on Friday. The company will offer 2.2 million shares for public subscription and sell 495,000 shares in over-allotment options for a total of 1.1 million shares. Nomura Securities will lead the underwriting.

Its share price range will be released on 26 February with bookbuilding scheduled to start on 1 March and pricing on 8 March. According to the consolidated statement as of July 2015, they posted revenue of 4.3 billion yen ($38 million) and an ordinary profit of 601 million yen ($5.3 million). In the latest fiscal quarter, they posted revenue of 3.9 billion yen ($34 million) and an ordinary profit 1.4 billion yen ($12.3 million).

Led by the company’s CEO, Genki Shiota, (holding a 39.92% stake), its major shareholders include the company’s COO Tetsuro Koda (19.52%), Globis Capital Partners (4.54%), Link and Motivation (4.03%), and Globis Fund (2.72%).

Since its launch in June 2010, Akatsuki has been seeing a rapid growth in mobile social game titles through game distribution platforms like Mobage and Gree. The company introduced mobile role-playing game Thousand Memories in November 2013 for iOS, followed by an Android version in December 2013, which acquired 2 million users in only six months after the launch.

The company announced in May 2014 that former partner at IBM Venture Capital Group, Hisashi Katsuya, and former Mixi CFO, Fumiaki Koizumi, have joined the management board. Koizumi is involved with many startups, including Japanese mobile flea market startup Mercari.

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Translated by Masaru Ikeda
Edited by Kurt Hanson

Japanese mobile app developer raises $14M, sets up shop in Taiwan

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Tokyo-based mobile app developer Akatsuki announced today that it has raised 1.4 billion yen (or about $14 million) from Globis and Link and Motivation. The company plans to accelerate its international business expansion using these new funds. Since its launch back in June of 2010, the company has been responsible for games like Thousand Memories and Tails of Links, both of which have shown rapid growth. Akatsuki will establish a Taiwanese subsidiary called Akatsuki Taiwan in June, where it will start developing games targeting Chinese-speaking markets. Coinciding with this funding, the company has announced that former partner at IBM Venture Capital Group, Hisashi Katsuya, and former Mixi CFO, Fumiaki Koizumi, are joining the management board. Koizumi is involved with many startups, including Japanese mobile flea market startup Mercari and travel startup Trippiece. via TechCrunch Japan

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From the left: Hisashi Katsuya, CEO Genki Shiota, COO Tetsuro Koda, Fumiaki Koizumi
(Photo: Akatsuki’s website)

Tokyo-based mobile app developer Akatsuki announced today that it has raised 1.4 billion yen (or about $14 million) from Globis and Link and Motivation. The company plans to accelerate its international business expansion using these new funds.

Since its launch back in June of 2010, the company has been responsible for games like Thousand Memories and Tails of Links, both of which have shown rapid growth.

Akatsuki will establish a Taiwanese subsidiary called Akatsuki Taiwan in June, where it will start developing games targeting Chinese-speaking markets.

Coinciding with this funding, the company has announced that former partner at IBM Venture Capital Group, Hisashi Katsuya, and former Mixi CFO, Fumiaki Koizumi, are joining the management board. Koizumi is involved with many startups, including Japanese mobile flea market startup Mercari and travel startup Trippiece.

via TechCrunch Japan