3639:TYO - Voltage Inc.

[king888]

This company from Japan makes interactive romance stories app which dominate the appstore and playstore in Japan. And they are expanding outside of Japan also

http://www.voltage.co.jp/images/english/ir/library/Financial%20results%20for%203Q%20FY2014.pdf

 

http://i.imgur.com/UdshwLt.jpg

 

 

Voltage is 3rd-4th ranking in Playstore worldwide in term of revenue (excluding Games) according to AppAnnie

 

http://i.imgur.com/zF8ZY4u.jpg

 

http://blog.appannie.com/app-annie-index-apps-april-2014/

 

The market cap is only Y6.5 billion which is around $64 million . Number2 in chart ,Sungy mobile has a market cap of $410 million.  This year they expects to make Y10 billion in revenue. That make price/sale only 0.65x .  P/E is below 30x . 

 

Market cap is too small compare to peer such as Colopl(3668:TYO) or Klab (3656:TYO) , which almost double in last 2 weeks).

P/S is below 1.0 which is rare to find compare to other mobile app players.  The revenue of company is well diversified into various interactive novel app. And because it is not a game.This interactive novel app should have longer shelf-life and lower cost along the way.  To me, it is Manga 2.0 play and could be a next big hit in mobile wave  in the coming years.

 

Any thoughts?