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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...

Simon Carless, Blogger

November 4, 2005

1 Min Read
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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.

About the Author

Simon Carless

Blogger

Simon Carless is the founder of the GameDiscoverCo agency and creator of the popular GameDiscoverCo game discoverability newsletter. He consults with a number of PC/console publishers and developers, and was previously most known for his role helping to shape the Independent Games Festival and Game Developers Conference for many years.

He is also an investor and advisor to UK indie game publisher No More Robots (Descenders, Hypnospace Outlaw), a previous publisher and editor-in-chief at both Gamasutra and Game Developer magazine, and sits on the board of the Video Game History Foundation.

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