Mynet Inc., the Tokyo-based mobile gaming company, reported declining revenue and profit for the nine months ended September as it restructures its business model, according to results released Thursday. Revenue fell 15% to ¥5.68 billion ($36.7 million) from a year earlier, while operating profit declined 19% to ¥311 million.
The company, which specializes in acquiring and operating older smartphone games, has been working to diversify beyond its traditional “secondary” titles business. Existing game properties continued performing well and provided steady cash flow during the period, the company said.
Mynet’s newer ventures showed mixed results. The firm launched a business placing specialized designers and developers with partner companies’ game operations, which has gained traction. Revenue from its non-gaming consulting segment jumped 30% to ¥444 million, though operating profit in that division fell 65%.
The company entered sports digital services through a partnership with Japan’s professional soccer league. Mynet will develop J.League Fantasy Card, an official digital trading card and fantasy sports game scheduled to launch in February 2026 alongside the league’s centenary season.
For the full year ending December, Mynet projects revenue of ¥8.5 billion, down 3.9% from 2024.
