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.

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
Mikami's Unmatched Success: Two Big Acquisitions Post‑Cap
SocialApr 1, 2026

Mikami's Unmatched Success: Two Big Acquisitions Post‑Cap

I love how Mikami made bank 2x now after leaving Capcom. First when Bethesda acquired Tango in 2010 (shortly after establishing the company + before releasing a single game) and now with the same thing again. There is no other Japanese...

By Serkan Toto
Pearl Abyss Shares Surge 28% After 3M Sales
SocialMar 25, 2026

Pearl Abyss Shares Surge 28% After 3M Sales

Now, investors are having a "Whoopsie" moment and are currently sending the Pearl Abyss stock +27.76% up. The studio yesterday announced 3M Crimson Desert copies sold. Happens in Asian markets all the time with game stocks. (It's 11:30am Wed in Korea, trading continues)...

By Serkan Toto
Activist's Absurd $0.99 Mario Jump Demand Resurfaces
SocialMar 19, 2026

Activist's Absurd $0.99 Mario Jump Demand Resurfaces

In 2014, the same activist urged Nintendo to "Just think of paying 99 cents just to get Mario to jump a little higher." This ridiculous nonsense is still online: https://t.co/KzZa7miCN0 So we're in for a treat.

By Serkan Toto
Pearl Abyss Shares Plunge Nearly 30% Amid Investor Discontent
SocialMar 19, 2026

Pearl Abyss Shares Plunge Nearly 30% Amid Investor Discontent

Apparently not good enough for investors. Stock price for publisher Pearl Abyss in Korea (where it is Thursday afternoon) currently -29.88%.

By Serkan Toto
Pokemon Company Hires PhDs to Engineer Real‑life Creatures
SocialMar 9, 2026

Pokemon Company Hires PhDs to Engineer Real‑life Creatures

1) Are we getting closer to breeding real-life Pokemon?🙃 The Pokemon Company in Japan is recruiting PhD candidates in science, engineering, or agriculture. They say they prefer people with "experience in the ecology of plants and animals". https://t.co/vuShd35i95

By Serkan Toto
Netease Aborts $44M‑short Game Amid US Funding Crackdown
SocialMar 7, 2026

Netease Aborts $44M‑short Game Amid US Funding Crackdown

So Gang Of Dragon might never see the light of day. Netease pulled the plug after realizing the game needs US$44M more to get finished. With the US tightening the screws on Chinese money in gaming, I wonder where Netease...

By Serkan Toto
Japanese Gaming’s Ongoing Stealth Staff Cuts Exposed
SocialMar 6, 2026

Japanese Gaming’s Ongoing Stealth Staff Cuts Exposed

This is now making the rounds online, but stealth staff reduction has been going on for years in gaming in Japan - as I laid out in my thread here on X in October 2024 already: https://t.co/Y8RPoVIvDF

By Serkan Toto
Korean Market Plunge Drags Game Stocks ~10% Lower
SocialMar 4, 2026

Korean Market Plunge Drags Game Stocks ~10% Lower

Korean stock market -12% today, the bloodbath affected the local game companies like so: Neowiz -13.7% Kakao Games -12.5% Netmarble -11% Com2Us -10.8% Krafton -10.6% Nexon Games -10.3% Devsisters -10.2% PearlAbyss -10% Shift Up -8.8%

By Serkan Toto
Featured in CNBC Nintendo Business Report with Arjun Kharpal
SocialFeb 26, 2026

Featured in CNBC Nintendo Business Report with Arjun Kharpal

Yours truly is featured in this @CNBC Nintendo business video report by @ArjunKharpal, alongside @Chris_Dring: https://t.co/pLhVIlTkNg

By Serkan Toto