By Dr. Serkan Toto – On Japan's Game Industry

GungHo: Puzzle & Dragons Generated US$113 Million In Sales In April

G

Japan’s top smartphone game Puzzle & Dragons is continuing to make serious money for its maker, GungHo (3765).

The company just released its latest financial report, according to which sales hit 12 billion yen in April – this amount currently translates to US$119 million and 1,142.8% more than in April last year.

Earlier, in January and February this year, GungHo didn’t specify how much Puzzle & Dragons alone generated in sales. It was estimated that just this title made US$54-75 million in January and US$62-86 million in February.

But now, in the company’s earnings announcement, GungHo President Kazuki Morishita revealed how big the contribution of Puzzle & Dragons was in April: US$113 million (Macquarie analyst David Gibson tweeted the news out in English).

So there is a game in Japan that makes US$113 million on iOS and Android – or US$3.76 million per day.

GungHo’s Incredible Last Financial Quarter

GungHo also says that in the the January-March quarter, sales overall ballooned by 800% to 30.9 billion yen (US$303 million), while operating profit grew 7,400% year-on-year to 18.6 billion yen (US$183 million).

The company’s market cap at the Osaka Stock Exchange currently stands at US$10 billion – which is more than Mobage operator DeNA, GREE, and Zynga combined.

GungHo is now part of Japanese telecommunications powerhouse SoftBank and has announced a 10-for-1 split for the end of June.

Its main title Puzzle & Dragons has over 13 million players, meaning that 10% of all Japanese are playing the game.

About the author

Dr. Serkan Toto

I am the CEO & Founder of Tokyo-based Kantan Games Inc., an independent consultancy focused on Japan’s game industry.

Please feel free to connect via Email, LinkedIn or Twitter.

Please subscribe to updates on this site via Email.

By Dr. Serkan Toto – On Japan's Game Industry