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

Market Cap Of Puzzle & Dragons Maker GungHo Reaches US$3.3 Billion. GREE: US$2.9 Billion. Zynga: US$2.5 Billion.

M

Japan’s top smartphone game Puzzle & Dragons continues to amaze.

I don’t want to hype the RPG/Puzzle hybrid even more here, but I do think it’s definitely noteworthy that maker GungHo’s market cap is going through the roof.

To recap, I wrote four weeks ago that the company’s market cap eclipsed that of Zynga.

One week ago, I highlighted estimates based on GungHo’s recent financial report that Puzzle & Dragons is making US$54-75 million in sales – per month: an almost unbelievable number (here are some pointers how this is possible).

The game now counts 9 million users across iOS and Android in Japan.

And as of now (February 26, 2013 at 0015am JST), GungHo is worth a staggering US$3.3 billion at the Osaka Stock Exchange –  the same as McDonald’s Japan by the way (which is also listed in Osaka).

By way of comparison:
Zynga is currently listed with a US$2.5 billion market cap.

GungHo has even outpaced GREE, which currently stands at “just” US$2.9 billion. (Mobage operator DeNA‘s market cap stands at US$4.3 billion).

 

About the author

Dr. Serkan Toto

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

Please feel free to connect via Email (Serkan at kantangames.com), LinkedIn or Twitter.

Please subscribe to updates on this site via Email.

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