SBI Holdings doubles down on Gumi

At the end of 2022, Gumi, a mobile online game company, raised approximately JPY 7bn through a third-party allotment of capital at an issue price of JPY 708 per share. SBI Holdings was allotted 8.8 million shares, and Square Enix Holdings 1.18 million shares, respectively. The shareholding ratio after the offering was around 22.45% and 3.01%, with SBI expected to become the largest shareholder.

The funds raised were to be used for the development and operation of token-issuing blockchain games. Alas, Gumi did not quite perform during 2023.

Gumi closed December 25 at JPY 356, before SBI Holdings made the announcement to double down on its investment. It plans to acquire up to 3m additional shares, which could increase its holdings by up to 7.58%, therefore pushing its stake just beyond 30%. The acquisition period started on December 26 and will run until March 29, 2024. Gumi closed the year at JPY 443 on Friday.

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