Gumi Inc. reported its third consecutive quarter of operating and ordinary profit as the Tokyo-based gaming company continues its strategic pivot toward blockchain and cryptocurrency investments.
The company posted operating profit of ¥119 million ($795,000) and ordinary profit of ¥76 million ($508,000) for the November-January quarter, President Hiroyuki Kawamoto announced in an earnings presentation. Revenue fell to ¥1.91 billion ($12.8 million) while net income reached ¥905 million ($6.1 million).
For the first nine months of fiscal 2025, Gumi recorded operating profit of ¥299 million, reversing a ¥3.03 billion loss from the same period last year. The company has substantially increased its cryptocurrency holdings to ¥5.26 billion, excluding its recently announced ¥1 billion Bitcoin investment.
Kawamoto highlighted the company’s structural reforms, including selling its Ateam subsidiary to GungHo Online Entertainment in December and liquidating unlisted investment securities in February, which will generate ¥1.2 billion in special income in the fourth quarter.
The gaming developer is accelerating its blockchain strategy through several initiatives: purchasing ¥1 billion in Bitcoin for staking on the Babylon protocol, forming a joint venture with IT services firm TIS Inc. called HiNODE Technologies, and launching pre-registration for its blockchain game “TOKYO BEAST.”
“We’re creating a unique financial business model combining node operation with asset management,” Kawamoto said, noting the company aims to capitalize on both cryptocurrency appreciation and staking rewards.
