AltPlus Inc.: Business Overview, Financials & Competitive Analysis
AltPlus Inc. scores 3/10 on the AskCyborg Cyborg Score (Challenged). Challenged growth story with unproven path to profitability; high execution risk outweighs diversification benefits. AltPlus faces significant operational headwinds with negative EBITDA (-465M JPY) and consecutive quarters of net losses. The company's market cap has declined 18% over the past week, and persistent unprofitability suggests structural challenges in its business.
What is AltPlus Inc.'s industry? AltPlus Inc. (altplus.co.jp) operates in Electronic Gaming & Multimedia / Mobile Social Games. AskCyborg classifies AltPlus Inc. under Electronic Gaming & Multimedia / Mobile Social Games in its company registry.
AltPlus Inc. is a Tokyo-based social games company focused on developing and operating mobile gaming applications. The company operates through multiple business divisions including game development, game support serv...
Cyborg Score thesis
Challenged growth story with unproven path to profitability; high execution risk outweighs diversification...
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Get Current Report FreeAltPlus Inc. Overview
Pro stress-test →AltPlus Inc. is a Tokyo-based social games company focused on developing and operating mobile gaming applications. The company operates through multiple business divisions including game development, game support services, and IT development solutions, positioning itself as a comprehensive gaming and technology services provider in the Japanese entertainment sector.
Strategic Profile
Pro stress-test →AltPlus maintains competitive advantage through diversified revenue streams spanning social game development for smartphones, HR solutions for gaming companies, and IT infrastructure services (GIMS). The company supports other gaming studios while developing proprietary titles, creating defensive moat through both consumer-facing and B2B service offerings.
Competitive Landscape
Pro stress-test →AltPlus competes in Japan's crowded mobile gaming sector against larger players like GREE Holdings, Marvelous Inc., and COLOPL Inc. The company's diversified B2B service offering differentiates it from pure-play game developers, but scale disadvantages against better-capitalized competitors limit pricing power and market share growth potential.
Industry Context
AltPlus Inc. operates in Electronic Gaming & Multimedia / Mobile Social Games.
Key facts
Founded: 2010 · Headquarters: Tokyo, Japan · Employees: 199 · Market cap: 3.15B JPY