Drecom Co.,Ltd. (3793) Stock Price

Market cap
¥12B
P/E ratio
-9.1x
Dricom develops and operates smartphone and PC games through its enza platform, while also providing entertainment content services including e-books and AR apps.

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Business Overview

Dricom operates two main business segments: gaming and content. In the gaming segment, the company plans, develops, and operates games for smartphones and PCs. The company focuses particularly on HTML5-based online games and the development and operation of its distribution platform "enza."

Dricom's gaming business primarily provides smartphone games using an item-based monetization model. The company has shifted its focus from original games to IP-based games, positioning IP games as its growth driver. The company either develops, operates, and manages games independently or collaborates with IP project partners.

In the content segment, Dricom leverages its accumulated expertise and technology to provide business support services to client companies. The company also pursues new business opportunities in entertainment sectors beyond gaming. Specifically, it operates in novel and e-book publishing, AR smartphone app development, and fan community promotion services.

Dricom's group companies include Studio Rex Inc., Driup Inc., and BlasTrain Inc., which support the planning, development, and operation of Dricom's games. In the content segment, Dricom itself plays the primary role.

Management Policy

Dricom's purpose is "with entertainment," and the company aims to enhance corporate value through the provision of high-quality services. Its basic policy is to pursue new forms of enjoyment and convenience in the internet sector while improving user satisfaction.

The company operates in two business segments: games and content. In the games business, it plans, develops, and provides games for individual users. In the content business, it plans and sells publications such as comics. This dual approach builds a stable revenue structure.

Dricom prioritizes stable profit generation and cash flow security. The company is improving profitability in its existing games business and reviewing its service portfolio. It is also focusing on new business development with an eye toward medium to long-term growth.

The company uses games based on third-party content as its core revenue driver while strengthening investment in proprietary content. Through cross-platform and media mix strategies, it seeks to maximize content value and diversify revenue streams.

Additionally, Dricom is enhancing corporate governance and strengthening internal management systems to improve operational efficiency and minimize risk. Ensuring stable system operations and responding to technological innovation are also key priorities.

Dricom targets corporate value expansion and uses revenue growth rate, operating profit margin, and free cash flow as key performance indicators. Through these measures, the company aims to achieve sustainable growth.

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