Business Context and Reporting Period
This Form 6-K filing by GRAVITY Co., Ltd. (NasdaqGM: GRVY) is dated June 4, 2019. The company is a South Korea-based developer and publisher of online and mobile games. The principal product, Ragnarok Online, is commercially offered in 83 markets and countries.
Key Financial Metrics
The filing text does not provide specific financial values for revenue, profit, cash flow, margins, debt, or liquidity. This document serves as a business update rather than a financial report.
Material Changes and Business Updates
- Japan Launch: The mobile game "Ragnarok M: Eternal Love" (known as Ragnarok Masters in Japan) is scheduled to launch in Japan on June 5, 2019, in partnership with GungHo Online Entertainment Inc.
- Global Performance: The game has achieved over 24 million downloads globally across regions including Taiwan, Korea, Southeast Asia, North America, South America, and Oceania.
- Market Position: The title has secured the number one spot in the Google Play and Apple App Store top grossing listings worldwide.
Guidance, Outlook, and Risks
The filing contains forward-looking statements regarding the game launch and performance. Management notes that these statements are subject to risks and uncertainties and speak only as of the date of the release. The company assumes no duty to update these statements to reflect new events. Investors are directed to the company's Form 20-F for the fiscal year ended December 31, 2018, for detailed risk factors.
Investor Verification Checklist
- Verify the actual launch date and initial user reception of "Ragnarok M: Eternal Love" in Japan following the June 5, 2019 announcement.
- Review the partnership terms and revenue-sharing structure with GungHo Online Entertainment Inc.
- Monitor subsequent Form 6-K filings or quarterly reports for financial impact resulting from the Japan expansion.
- Confirm the sustainability of the "number one" grossing status in global app stores.