CTW Inc.

CTW Inc. is a Japanese video game company based in Tokyo. It is mainly known for its browser-based gaming platform, G123.[1][2][3]

History

CTW Inc. (originally CTW株式会社) was founded in August 2013, with Ryuichi Sasaki as president. CTW transitioned to developing HTML5-based browser games in the mid-2010s.[4]

In October 2018, CTW launched its gaming platform, G123, which provides instant-play games primarily adapted from popular anime and manga franchises. By 2024, its users had increased to more than 500 million.[5]

In 2021, CTW began expanding its international operations and released localized versions of its games in English and other languages.[6]

In 2023, CTW reorganized under a Cayman Islands entity as CTW Cayman.[7] Two years later, in 2025, CTW filed to list on the Nasdaq as CTW Cayman.[1]

In August 6, 2025, CTW Cayman was listed on the Nasdaq.[8]

Platform

CTW operates G123 as its primary platform. G123 uses HTML5 technology, enabling browser-based gameplay without requiring downloads or installations.[9] The platform provides free-to-play games across various genres, such as RPG, strategy, and simulation, monetized through optional in-game purchases.[5] By mid-2025, G123 hosted over 25 active titles.[1]

Selected games

  • Vivid Army (2019)
  • Queen’s Blade Limit Break (2022)
  • Black Lagoon: Heaven’s Shot (2023)[10]
  • Doraemon: Comic Traveler (2025)
  • High School D×D Operation Paradise Infinity (2025)[11][12]
  • Miss Kobayashi's Dragon Maid Fantasia (2025)

References

  1. Japan-based gaming platform CTW Cayman files for a $21 million US IPO Renaissance Capital, May 15, 2025, retrieved July 1, 2025^
  2. 初の本格オンラインRPG「ドラえもん コミックトラベラー」事前登録開始!|ドラえもんチャンネル 初の本格オンラインRPG「ドラえもん コミックトラベラー」事前登録開始!|ドラえもんチャンネル, retrieved 2025-07-01^
  3. Ultrahorse Entertainment: Navigating the new wave of game industry changes (Part 2) Pocket Gamer, September 28, 2023^
  4. CTW、ゲームサービス「G123」の全世界ユーザー数が5億人を突破!今後のアップデート情報を解禁 | gamebiz gamebiz【ゲームビズ】, retrieved 2025-07-01^
  5. Maria Alexander. Play Licensed Anime Games Safely For Free With No Downloads on G123 Droid Gamers, April 21, 2025^
  6. Customer Cases: CTW - Alibaba Cloud AlibabaCloud^
  7. CTW Cayman F1 Registration statement | CTW 15 May 25 capedge.com^
  8. CTW Cayman Announces Closing of Initial Public Offering Yahoo Finance, retrieved 2025-09-01^
  9. Johnny Peterson. Play Officially Licensed Anime Games On G123 With No Registration Or Download Needed Gamezebo, April 21, 2025, retrieved July 1, 2025^
  10. Stephanie Liu. Pre-Registration Opens For Browser Game Black Lagoon: Heaven's Shot September 20, 2023^
  11. New boobtastic game High School D×D Operation Paradise Infinity is finally released! Have loads of fun! G123, retrieved 2025-07-28^
  12. CTW Inc. Announces Global Launch of 'High School D×D Operation Paradise Infinity' on G123 Browser Game Platform AP News, 2025-04-22, retrieved 2025-07-28^