iiinova — where your digital self keeps evolving

Serkan Toto @serkantoto.bsky.social · 07/07/2026

A very rare venture deal-like phenomenon from last week in Japan's mobile gaming industry. I am in this business 15 years but never have seen anything like it. From my site: "Rare Deal: Scopely Invests In Japanese Mobile Game Studio AuKnow" www.serkantoto.com/2026/07/07/s...

serkantoto.com

Meta Description: Rare Deal: Scopely Invests In Japanese Mobile Game Studio AuKnow – Consulting on Japan’s gaming industry - mobile, console, PC and Web3

In an extremely rare deal, US mobile gaming juggernaut Scopely acquired a stake in Tokyo-based mobile studio AuKnow last week.

000

Serkan Toto @serkantoto.bsky.social · 30/06/2026

6 months into 2026, so here are the Japanese game company stock moves to date: Sega -9.6% Bandai Namco -10.3% Square Enix -16.3% Capcom -17.9% Konami -18.7% Sony -19.6% Koei Tecmo -20.5% Nintendo -36.0% Nikkei 225 index: +35.2%, so the game sector disconnected from the overall JP market.

031

Serkan Toto @serkantoto.bsky.social · 12/05/2026

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.): segasammy.co.jp/cms/wp-conte...

segasammy.co.jp

050

Serkan Toto @serkantoto.bsky.social · 12/05/2026

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

070

Serkan Toto @serkantoto.bsky.social · 10/05/2026

1) Interesting here: Sony predicts NO impairment loss from Bungie for the current fiscal (source below). So they think Bungie's value saw enough write-downs (impairment loss in accounting terms) for now. Generally, for gaming content or assets, there are 3 types of such losses. Continued:

151

Serkan Toto @serkantoto.bsky.social · 09/05/2026

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 only... (Photos taken Friday at 8:30pm JST in Tokyo)

120

Serkan Toto @serkantoto.bsky.social · 23/04/2026

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 Nintendo's target price from 13,000 yen to 9,000 yen. Continued below.

150

Serkan Toto @serkantoto.bsky.social · 21/04/2026

1) Over on Elon's site, I just saw these 2 posts back-to-back on my timeline (see below). Very interesting to see 2 Japanese brands announcing a gaming business on the same day. Consumer brands getting into gaming has become a mini trend in Japan.

151

Serkan Toto @serkantoto.bsky.social · 06/04/2026

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).

003

Serkan Toto @serkantoto.bsky.social · 04/02/2026

After the US yesterday, now Japanese gaming stocks get hammered (Wednesday 1:30pm local time, trading continues): - Nintendo -12.3% (earnings yesterday) - Capcom -9.1% - Konami -7.7% - Koei Tecmo -6.3% - Sony -4.2% - Kadokawa (From parent) -3.9% - Square Enix -3.4% - Bandai Namco -3.4% - Sega -1.6%

020

Serkan Toto @serkantoto.bsky.social · 01/01/2026

After my post on Japan, now here is game stock performance in the West for the whole of 2025: Unity +80.2% Take-Two +39.9% Roblox +37.7% CD Projekt +24.6% Ubisoft -49.9% Embracer spun off Coffee Stain in 2025 + EA was bought out, so I left those out. Microsoft: +15.5%.

030

Serkan Toto @serkantoto.bsky.social · 30/12/2025

Major Japanese video game company stock moves in 2025 (today was the last trading day in Tokyo): Konami +47.26% Square Enix +38.70% Sony +26.20% Nintendo +16.81% Bandai Namco +12.33% Capcom +8.31% Koei Tecmo +4.21% Sega -20.55%

263

Serkan Toto @serkantoto.bsky.social · 24/12/2025

The activist's stake now reached 16.48%. (Enix founder Fukushima is still top at 19.28%.) My video again on this topic: youtube.com/watch?v=DAPm...

youtube.com

Square Enix Vs Activist Investor "3D Investment Partners"

YouTube video by Dr. Serkan Toto

000

Serkan Toto @serkantoto.bsky.social · 15/12/2025

Singapore activist investor 3D Investment Partners increased its stake in Square Enix. They now own a whopping 15.40% + are the No. 2 shareholder, while Enix founder Yasuhiro Fukushima is at 19.28%. Here is a video I made on the topic a while ago: www.youtube.com/watch?v=DAPm...

youtube.com

Square Enix Vs Activist Investor "3D Investment Partners"

YouTube video by Dr. Serkan Toto

062

Serkan Toto @serkantoto.bsky.social · 31/10/2025

Oh my god, a somewhat neutral-positive (?) opinion about Ubisoft? I shot another video in which I am trying to highlight where I believe Ubisoft’s potential and value still lies, despite its extremely difficult standing in the industry right now. YT: www.youtube.com/watch?v=LmVv...

youtube.com

Ubisoft Is Worth US$1.2 Billion - Isn't That Crazy?

YouTube video by Dr. Serkan Toto

130

Serkan Toto @serkantoto.bsky.social · 16/03/2025

In San Francisco for #GDC2025 and just spotted the soon-to-open Nintendo store. 🇺🇸🇺🇸🇺🇸🇺🇸

081

Serkan Toto @serkantoto.bsky.social · 05/03/2025

Excited to share I will be in San Francisco for GCD 2025 this month. Let me know if you'd like to meet in person! #GDC2025

010