GungHo

Few things are as profitable as digital monsters — just ask Puzzle & Dragons developer GungHo Online Entertainment.

The Japanese studio made $118 million in April alone, according to its latest financial report (as first spotted by GamesIndustry International). That’s a 1,142 percent increase from the same period in 2012.

“If there is one mobile game out there right now that people in Japan will remember in 10 years, it’s Puzzle & Dragons,” Japanese analyst Dr. Serkan Toto wrote in his translation of the report.

Puzzle & Dragons is generating $3.75 million a day. That astonishing figure is only matched by the fact that 13 million people in Japan have registered for a game account — that’s nearly 10 percent of the nation’s population.

Puzzle & Dragons is a smartphone game that combines puzzle-game elements with role-playing features. It also has monster-collecting and card-game mechanics.

For the quarter, GungHo posted a profit of $183 million. That was enough to boost the company’s stock price by nearly 29 percent. Shares are currently trading at $13,202.17, according to Bloomberg.

The company’s market capitalization also reached $15.1 billion. It has more money on hand than Nintendo ($15 billion), Electronic Arts ($6.7 billion), or Zynga ($2.6 billion). Toto also points out that GungHo has a higher market cap than Nikon, Fujitsu, or Mitsubishi Motors.


More: MobileBeat 2016 is focused squarely on the paradigm shift from apps to AI, messaging, and chatbots. Don’t miss this opportunity to be on the cusp of the next mobile transformation. July 11 and 12, San Francisco.