What Gumi does

Gumi Inc. (株式会社gumi) is a Tokyo-headquartered, Tokyo Stock Exchange Prime Market-listed (ticker 3903) mobile game developer and blockchain/Web3 operator founded in 2007. The company runs two core business segments: a mobile online games business that develops and operates original titles (notably Ragnador) and IP-licensed titles built around marquee Japanese franchises (JoJo's Bizarre Adventure via Shueisha, FFBE幻影戦争 via Square Enix, MEGA MAN X DiVE via Capcom, My Hero Academia), distributed globally through Apple App Store, Google Play, and overseas localization; and a blockchain/XR business that develops blockchain games (Brave Frontier Heroes, Phantom of the Kill, My Crypto Heroes, OSHI3 token), operates validator nodes across seven Layer-1 networks (Avalanche, Ethereum, Injective, Oasys, Sui, WEMIX, XPLA), and maintains an investment portfolio of over 100 blockchain and XR companies through funds including gumi Cryptos Capital and VR FUND L.P.

Gumi monetizes its mobile games primarily through free-to-play in-app purchases; blockchain revenue derives from NFT sales, token economics, staking rewards, and investment gains on its crypto asset portfolio. The company is geographically diversified with wholly-owned subsidiaries in Singapore (gumi Asia, gC Games Singapore, gC Incubation), Taiwan (gumi Taiwan), the United States (gumi America for XR investment), and a Fukuoka branch in Japan, and operates through dedicated corporate vehicles including gC Labs (blockchain operations), gC Games (blockchain game development), Hinode Technologies (joint venture with TIS Inc. for node operations), and Grams Inc. (mobile game development). The 2022 ¥70 billion capital and business alliance with SBI Holdings and Square Enix Holdings fundamentally reshaped Gumi into a hybrid neo-media / neo-crypto entertainment company with strategic shareholder backing.

As of FY2026 (ending April 2026), Gumi reported ¥9,183 million in net sales and ¥1,454 million in profit attributable to parent shareholders, down from a FY2022 peak of ¥18,942 million but stabilizing year-over-year. Strategic priorities as of 2026 include the global launch of a My Hero Academia mobile title, AI-powered crypto asset management (launched June 2026), a K-POP joint business agreement (June 2026), and continued expansion of node operations through the Hinode Technologies JV.

Name

Gumi

Legal name

gumi Inc.

Website

https://gu3.co.jp/

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

251–500 employees

Short description

Gumi Inc. (TYO:3903) is a Tokyo-listed mobile game developer and blockchain/Web3 operator that publishes IP-licensed and original mobile games globally, runs validator nodes across seven Layer-1 blockchains, manages a 100+ company blockchain/XR investment portfolio, and serves consumer entertainment users and IP licensors.

Ownership category

akta.pro rank

Product category

Mobile Gaming

NAICS

Software Publishers (5132)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Blockchain Game Studios & Game Development (FSAPAGAC)

Keywords

• Mobile online games
• Blockchain games
• Node operations
• NFT content
• XR investment

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices5 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Mobile Online Game Revenue: Revenue from mobile online game operations including original titles and IP-based titles. The company develops and operates games for smartphones/tablets, earning revenue primarily through in-app purchases and item sales. Games include 'JoJo's Bizarre Adventure Ora Ora Overdrive', 'Ragnador', and other titles using popular IPs.
2. Blockchain Content (Games and NFTs): Revenue from blockchain games and NFT sales including titles like Brave Frontier Heroes, Phantom of the Kill, My Crypto Heroes, as well as NFT sales for MEGA MAN X DiVE and other IP collaborations.
3. Node Operations and Asset Management: Revenue generated through node operations on leading blockchain networks, including staking rewards and token management across Avalanche, Ethereum, Injective, Oasys, Sui, WEMIX, and XPLA chains.
4. Investment Returns: Investment income from venture capital investments in blockchain and XR companies through various fund structures including gumi ventures, gumi Cryptos Capital, and other investment vehicles. The company invests in leading global companies in the blockchain and XR markets.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Gumi develops and operates mobile online games (both original titles like Ragnador and IP-licensed titles such as JoJo's Bizarre Adventure Ora Ora Overdrive and the 2026 launch Boku no Hero Academia United Survival), blockchain-based games and NFT content, and runs validator/node operations on multiple Layer-1 blockchain networks. The company also invests in over 100 blockchain and XR companies through its venture fund vehicles.

Product overview

gumi Inc. is a Neo-Media Entertainment and Neo-Crypto company operating two core business segments: a mobile online games business and a blockchain/crypto business (encompassing blockchain games, NFT content, node operations, and blockchain/XR investment). The games business develops and operates original and licensed IP mobile titles, while the blockchain business develops blockchain games (Brave Frontier Versus, Phantom of the Kill, My Crypto Heroes), operates nodes on multiple Layer-1 blockchains (Avalanche, Ethereum, Injective, Oasys, Sui, WEMIX, XPLA), manages crypto assets, and invests in global blockchain and XR companies. gumi also operates the OSHI3 token project and maintains an extensive investment portfolio of over 100 companies. Additionally, gumi maintains an owned media brand called "Bangumi" (ばんぐみ) serving as an employer branding and recruitment platform.

Differentiator

Problem solved

Functional benefit

Brands

• ばんぐみ (Bangumi): New sensation recruitment media for gumi - an original media featuring documentaries, news, and variety content about gumi employees and culture

Products and services

• Mobile Online Games Free-to-play mobile online games developed and operated by gumi for iOS and Android, including original titles such as Ragnador and IP-licensed titles such as JoJo's Bizarre Adventure Ora Ora Overdrive and the 2026 launch Boku no Hero Academia United Survival. Games are localized for overseas markets and monetized through in-app purchases.
• Blockchain Games Blockchain-based games and NFT content developed by gumi, including Brave Frontier Heroes (also referenced as Brave Frontier Versus), Phantom of the Kill, and My Crypto Heroes. These titles leverage gumi's mobile gaming expertise combined with blockchain technology to create play-to-earn experiences and NFT-based digital ownership.
• Node Operations (Blockchain Asset Management) Validator/node operations on multiple Layer-1 blockchain networks including Avalanche, Ethereum, Injective, Oasys, Sui, WEMIX, and XPLA. Gumi acquires and manages high-quality tokens across these networks, earning staking rewards and transaction fees. Operations are conducted partly through the Hodiname/Hinode Technologies joint venture established with TIS Inc. in 2025.
• OSHI3 Token Project A proprietary token project by gumi developed as part of its blockchain initiative, enabling new forms of user engagement and participation experiences beyond traditional gaming through token-based economics.
• XR (VR/AR/MR) Content and Investment Investment in and support of XR-related companies in Japan and overseas across VR, AR, and MR, pursuing investment returns through the gumi X Reality Inc. subsidiary and The Venture Reality Fund. Also includes development of XR content through gumi X studio Inc.
• Blockchain and XR Investment Portfolio Venture capital investment portfolio of over 100 companies across blockchain, DeFi, NFTs, VR/AR/MR, and gaming sectors globally, including 1inch.exchange, OpenSea, Theta Network, Epic Games, Brave Group, double jump.tokyo, Solv Protocol, and Yield Guild Games. Managed through gumi ventures, gumi Cryptos Capital Fund I and II, Decima Fund, and The Venture Reality Fund.
• Boku no Hero Academia UNITED SURVIVAL New mobile game app based on the anime IP "My Hero Academia," published by gumi. Began worldwide simultaneous pre-registration on June 25, 2026.
• AI-powered Crypto Asset Management AI-driven crypto asset management service launched by gumi in 2026, with future plans to provide related AI services for crypto asset AI operations.

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• SBI Holdings Inc.coreStrategic or Co-development Partner · 22 December 2022Capital and business alliance for Web3 development. SBI Holdings invested approximately 70 billion yen in gumi, making it the largest shareholder. The partnership aims to develop blockchain gaming and Web3 services, leveraging SBI's financial expertise and crypto asset management capabilities alongside gumi's content development skills.
• Square Enix Holdings Co., Ltd.coreStrategic or Co-development Partner · 22 December 2022Capital and business alliance for blockchain entertainment development. Square Enix brings renowned IP content (Final Fantasy, Dragon Quest) and blockchain entertainment expertise. The partnership aims to create new entertainment experiences combining gaming and blockchain technology.
• TIS Inc.minorStrategic or Co-development PartnerJoint venture partnership for strengthening node operations and providing services leveraging crypto asset management knowledge. Hodiname Technologies, Inc. was established as a joint venture in 2025.

Scale indicators7 records

Recent moves24 records

Expansion highlights5 records

Direct peers

• Animoca Brands: Global leader in Web3/blockchain gaming and GameFi, operating or investing in hundreds of blockchain titles and serving the same crypto-native gamer audience that Gumi targets with My Crypto Heroes and BRAVE FRONTIER HEROES.
• Wemade (WEMIX): Korean game publisher that built the WEMIX blockchain and WEMIX Play GameFi platform — directly comparable to Gumi's multi-chain node operations and blockchain game publishing, including titles such as MIR4.
• double jump.tokyo: Japanese blockchain game developer (creator of the Oasys chain and My Crypto Heroes' underlying tech) that is both a Gumi technology partner and a direct competitor in the Japan Web3 gaming niche.
• KLab: Japanese mobile game developer focused on anime IP titles (Love Live!, Bleach), directly comparable to Gumi's licensed-IP strategy with Shueisha (JoJo, My Hero Academia).

Broad incumbents

• Square Enix Holdings: Major Japanese game publisher and Gumi's ¥30B strategic shareholder; both companies are exploring blockchain-based extensions of established IPs (Final Fantasy, Dragon Quest) and operate in the same Japanese mobile/Web3 gaming category.
• DeNA: Leading Japanese mobile game operator (known for titles like Pokémon Masters and Final Fantasy Record Keeper) competing with Gumi in licensed-IP mobile RPGs on the domestic market.
• mixi: Japanese mobile gaming and social networking company; comparable in business model and Japanese market focus to Gumi's mobile online game segment, though operating at significantly larger scale.
• GungHo Online Entertainment: Japanese mobile and console publisher (Puzzle & Dragons, Ninjala) competing in the same domestic mobile gaming market and actively exploring blockchain gaming initiatives.

Regional players

• Netmarble: Korean mobile game publisher (Lineage 2 Revolution, Marvel Future Fight) with growing blockchain gaming ambitions through its MBX chain — comparable to Gumi's IP-licensed mobile and Web3 gaming strategy in the broader Asian market.

Emerging players

• Sky Mavis: Creator of Axie Infinity and the Ronin blockchain — a direct Web3 gaming peer to Gumi's My Crypto Heroes franchise in the play-to-earn, token-driven gaming economy space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/gumi_pr
• Facebookfacebook.com/gu3.co.jp

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries13 records

Funding overview

Funding rounds8 records

Investors18 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments11 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gumi