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GungHo financials: ¥12 billion made in April alone, Puzzle & Dragons earns $3.75 million a day

GungHo Entertainment is making some serious bank, according to its most recent financial report. One game in particular - iOS hit Puzzle & Dragons - is currently earning the firm $3.75 million a day.

GI.biz reports that the company has seen incredible growth over the past year. It made ¥12 billion in April 2013 alone, ($118m/£76m) which equates to a 1,142% increase on April 2012.

For the quarter ended March 31, 2013 the company's revenue jumped 800% year-on-year to ¥30.9 billion, while its operating income leapt 7,400% to ¥18.6 billion.

Puzzle & Dragons has proven to be the company's biggest win, and now sits at 13 million players in Japan alone, earning the company $113 million in April alone, which equates to over $3.75 million a day.

A report by Japanese industry analyst Dr. Serkan Toto suggests that within minutes of posting its financials, GungHo's shares rocketed 28.8% to ¥1,342 million per share.

The company's market cap is now higher than Nintendo's at ¥1.54 trillion / $15.1 billion, compared to the Wii U creator's $15 billion and closing on Activision's cap of $16.7 billion.

GungHo recently bought Suda 51's outfit Grasshopper Manufacture, and owns Mind Zero developer Acquire, among others.

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Dave Cook avatar

Dave Cook

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Dave worked on VG247 for an extended period manging much of the site's news output. As well as his experience in games media, he writes for comics, and now specializes in books about gaming history.

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