Japanese game developer gumi Inc. is suspending development of original mobile games to concentrate on licensed titles and blockchain ventures, marking a major strategic shift for the Tokyo-based company.
The firm reported second-quarter operating profit of ¥114 million ($760,000) on sales of ¥2.65 billion for the period ended September. Net income reached ¥767 million, helped by gains from cryptocurrency holdings including OSHI tokens and validator rewards.
Gumi is winding down several mobile games including “The Alchemist Code” after nearly nine years of operation. The company will redirect resources to developing games based on popular entertainment properties, including a new title using the “JoJo’s Bizarre Adventure” license.
In its blockchain segment, gumi expanded its digital asset management operations to ¥2.4 billion in managed assets. The company operates three investment funds totaling over ¥20 billion, including the gumi Cryptos Capital funds and DECIMA fund targeting Web3 startups.
The firm aims to grow its OSHI token market value to ¥10 billion by fiscal year-end from the current ¥6 billion. It’s partnering with SBI Group to expand the token’s use in fan engagement platforms and planning to partially migrate the token to the Sui blockchain network.
