Serkan Toto

Serkan Toto

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CEO, Kantan Games (consultancy focused on Japan’s games market); posts analysis on publishers, platforms, and mobile.

Sega's Rovio Acquisition Becomes Massive Financial Disaster
SocialMay 12, 2026

Sega's Rovio Acquisition Becomes Massive Financial Disaster

3 years later, and the Rovio deal turned out to be the expected disaster for Sega. In their financial report from today, Sega mentions Rovio 15x in 62 pages, all in negative context (massive write-downs, losses, restructuring, declining sales etc.):...

By Serkan Toto
Nintendo's $13.3B Cash Pile Could Fund 40 yearsNintendo's $13
SocialMay 11, 2026

Nintendo's $13.3B Cash Pile Could Fund 40 yearsNintendo's $13

Nintendoomed? As per Friday's earnings, Nintendo sits on US$13.3B in cash+highly liquid investments (even under the terrible currency rate now). So even if Nintendo lost US$1M per day, they could theoretically continue operating until 2062 in the current configuration. $NTDOY

By Serkan Toto
Bic Camera Limits Switch 2 Sales to Cardholders
SocialMay 9, 2026

Bic Camera Limits Switch 2 Sales to Cardholders

1) Quickly after Nintendo said Switch 2 prices would raise from 50k to 60k yen in Japan in 2 weeks, local retail chain Bic Camera started limiting sales at current prices to buyers paying with a Bic Camera-branded credit card...

By Serkan Toto
Nintendo Hikes Switch 2 Price by $50 Globally
SocialMay 8, 2026

Nintendo Hikes Switch 2 Price by $50 Globally

It's happening: Nintendo to raise Switch 2 prices worldwide. From September 1, the device will i.e. cost US$50 more (new price then US$499.99) in the US. https://t.co/g2gwiF7yTA

By Serkan Toto
Sony's FY26 PS5 Sales Hinge on Memory Pricing
SocialMay 8, 2026

Sony's FY26 PS5 Sales Hinge on Memory Pricing

1) Sony just released its 2025 earnings report - link in next tweet. In it, they say: "We plan to base our PS5 hardware sales in FY26 on the volume of memory we can procure at reasonable prices and we expect...

By Serkan Toto
Pearl Abyss Sells CCP Back at $305M Loss
SocialApr 30, 2026

Pearl Abyss Sells CCP Back at $305M Loss

Crimson Desert studio Pearl Abysss (publicly traded in Korea) is finally selling Eve Online studio CCP (based in Iceland) back to its management. Selling price: US$120M. Buying price in 2018: US$425M. There were rumors about such a deal swirling last year already.

By Serkan Toto
Even if Not Primary, Profit Must Remain a Priority
SocialApr 29, 2026

Even if Not Primary, Profit Must Remain a Priority

This reminds me of Vampire Saviors developer Poncle telling @thegamebusiness last week "At the moment, profit is not a priority." Guys, you make great games. But if profit is not THE priority for you, it should at the very least (always)...

By Serkan Toto
Most Games, Even on Major Platforms, Fail Financially
SocialApr 27, 2026

Most Games, Even on Major Platforms, Fail Financially

And? The vast majority of traditional games "fail", too. For example, there is a broad consensus that over 90% of mobile games bomb commercially. Steam says 40% of all games launched in 2025 did not make back the 100$ platform submission...

By Serkan Toto
Assassin's Creed Black Flag Resynced Debuts at #10
SocialApr 24, 2026

Assassin's Creed Black Flag Resynced Debuts at #10

After the reveal half a day ago, Ubisoft's Assassin's Creed Black Flag Resynced enters the US PlayStation sales charts at No. 10 - which I believe is not bad for a new pre-order. This chart is dollar-based (not unit-based), with Sony...

By Serkan Toto
Nintendo Shares Slump, Daiwa Slashes Target Price
SocialApr 23, 2026

Nintendo Shares Slump, Daiwa Slashes Target Price

1) After falling every day this week, Nintendo stock again down -2.50% currently (1h trading left on Thursday in Japan) and -23% overall this year so far - close to Sony's losses. Today, local bank Daiwa lowered the target price from...

By Serkan Toto
Koei Tecmo Ups Forecast on Nioh 3, Pokemon Hit
SocialApr 20, 2026

Koei Tecmo Ups Forecast on Nioh 3, Pokemon Hit

Koei Tecmo just revised their earnings forecast upward: - operating profit +16.1% higher - net profit +53.7% higher - against sales -4.9% lower KT says their Q4 did better than expected. Nioh 3 was released + their Omega Force team co-developed mega hit Pokemon Pokopia...

By Serkan Toto
Choosing Between Pragmata and Resident Evil Requiem
SocialApr 19, 2026

Choosing Between Pragmata and Resident Evil Requiem

I have played neither @PRAGMATAgame nor #ResidentEvilRequiem yet but am currently in the mood for some Capcom magic. Which one should I go for? My understanding is the games are similar in length.

By Serkan Toto
Japanese Game Deals Always Rely on Formal Contracts
SocialApr 8, 2026

Japanese Game Deals Always Rely on Formal Contracts

“Small contracts” from Japanese game companies? Japanese game industry consultant here. In my 15 years around the block, I never witnessed “handshakes”or “small contracts” seal a deal. No matter if JapanJapan or JapanWestern studios, big or small, mobile or console.

By Serkan Toto
Saudi EGDC Boosts Capcom Stake to 6.04%
SocialApr 6, 2026

Saudi EGDC Boosts Capcom Stake to 6.04%

Saudi Arabia's Electronic Gaming Development Company (EGDC) increased its stake in Capcom from 5.03% (revealed last month) to now 6.04%, This was disclosed in a report to regulators today here in Japan (where the stock market just closed for Monday).

By Serkan Toto