Japanese mobile game developer Altplus reported first-quarter revenue fell 24.9% to 692 million yen ($4.7 million) as losses persisted amid ongoing restructuring efforts. The company posted a net loss of 155 million yen, slightly wider than the 150 million yen loss a year earlier.
The Tokyo-based firm aims to diversify revenue streams by pursuing both in-house game publishing and third-party development contracts. Management completed a deal for one major title and is finalizing negotiations for an overseas game project.
The gaming segment struggled as completed development projects and new operational contracts failed to offset declining revenue from previously discontinued titles. The company’s staffing services division also weakened, with both dispatch placements and recruitment matchings decreasing due to a temporary slowdown in new game development across Japan’s gaming industry.
While Altplus continues cost-cutting measures including reduced rent and outsourcing expenses, its turnaround hinges on an ambitious plan to launch 10 new titles over the next three years. The company is also exploring gaming-adjacent opportunities through a new partnership with logistics provider GF Holdings.
