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

Tokyo-Based Social Game Developer Alt Plus To Go IPO Next Month


The list of publicly traded mobile game developers in Japan is about to get longer: Tokyo-based Alt Plus got the approval to go IPO at the Tokyo Stock Exchange’s “Mothers” market for startup companies on Wednesday.

Alt Plus will be listed under code 3672 on March 14.

The company has seen sales of 636 million yen (US$6.8 million) in the first quarter of 2012, while profit hit 166 million yen ($1.8 million).

Consequently, Alt Plus is aiming at a relatively small IPO: to be more concrete, the goal is to raise 1.148 billion yen (US$11.8 million) and to invest that money in developing apps for iOS and Android (as opposed to creating browser-based content).

All of Alt Plus’ eight games are distributed via GREE at the moment (full list here).

The company was founded in May 2010 and counted 99 employees (part-timers included) at the end of October 2012.

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.

Please subscribe to updates on this site via RSS or Email.

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