Japanese Developer Eighting Files For Public Listing

According to a Dow Jones News report, Japanese developer Eighting, a former arcade game stalwart and more recent Bloody Roar and Naruto console and handheld developer, is filing for a public listing on the Tokyo Stock Exchange's Mothers market on December 7. The company, which has interests in mobile gaming, and was also the designer of Nintendo-published puzzle game Kuru Kuru Kururin, expects to receive up to Y389 million ($3.3 million) from the IPO, which will consist of the issuing of 300 new shares, leaving 400 under private control, presumably by company founders. Eighting was also required to report its financial results as a result of this public listing, and, likely bolstered by royalties from the Naruto titles it has developed for Tomy, which are extremely popular, it saw a net profit of Y189 million ($1.6 million) on revenue of Y1.31 billion ($11.1 million) in the year up to September 30, 2005.