Izanagigames
Tokyo, JP · 5 known investors
Izanagi Games is a Japanese game company that develops and publishes video games across console, PC, mobile, and VR platforms, and also operates Webtoon and animation businesses. It runs an in-house Webtoon production studio and has released titles such as "Death Come True," "World's End Club," and "AMEDAMA."
Also known as Izanagi Games · IzanagiGames, Inc. · 株式会社イザナギゲームズ
Founders & leadership
Investors · 5
Also in the syndicate · 4
Company profile
researched Aug 2026IzanagiGames, Inc. is a Japanese interactive entertainment producer and publisher headquartered in Koto-ku, Tokyo, and led by CEO/Producer Shinsuke Umeda. The company focuses on creating titles in collaboration with Japanese creators and developers and publishing them directly into the global games market, with an emphasis on console games. Its stated aim is to give established creators a vehicle for developing new original IP that can be delivered worldwide.
Released titles include the interactive movie Death Come True (2020), the action adventure World's End Club (Nintendo Switch, 2021), Yurukill: The Calumniation Games, AMEDAMA, and DYSCHRONIA: Chronos Alternate, the latter co-developed with VR studio MyDearest. More recent projects include the mystery adventure Dark Auction, which received a Nintendo Switch 2 Edition on 11 June 2026, and AKIBA LOST, a live-action, multi-angle group-drama suspense game featuring a character-switching zapping system, branching choices and a 360-degree camera; AKIBA LOST won in the Japan Game Awards Future Division, has Hiromitsu Kitayama in the lead role and performing the theme song "BUGlich," and joined Steam Next Fest with a free demo in June 2026.
Beyond games, IzanagiGames has entered the webtoon market and founded its own webtoon production studio, Tsukuyomi, and recruits actively for both its games and webtoon operations.
Business model
IzanagiGames produces and publishes interactive entertainment, releasing titles it develops with partner creators and studios across console, PC and VR platforms, and distributing them worldwide through digital storefronts such as Steam, Nintendo Switch, PlayStation and Xbox. It also operates a webtoon content business through its in-house studio Tsukuyomi and sells branded merchandise via the Izanagi Z Store.
Revenue derives from sales of published game titles on digital storefronts across Nintendo Switch, PlayStation, Xbox and PC, plus merchandise sales and webtoon content.
Traction
Released titles span multiple platforms and are regularly featured in Steam seasonal sales, with Death Come True, World's End Club, Yurukill: The Calumniation Games, AMEDAMA and DYSCHRONIA: Chronos Alternate discounted up to 70% in 2025-2026 campaigns. AKIBA LOST received a Japan Game Awards Future Division prize, published a free Steam demo in June 2026 and participated in Steam Next Fest. Cumulative capital raised reached 798.6 million yen as of February 2022.
Latest developments
In June 2026 the AKIBA LOST free demo joined Steam Next Fest, following the 5 June 2026 launch of the Steam demo; the Nintendo Switch 2 Edition of Dark Auction released on 11 June 2026 after pre-orders opened 21 May 2026. In May 2026 AKIBA LOST added Korean language support and was exhibited at the PlayStation booth at BitSummit with director/producer Shinsuke Umeda appearing on stage; the game's theme song "BUGlich" is performed by lead actor Hiromitsu Kitayama.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
IzanagiGames positions itself as a producer and global publisher of Japanese-creator-led original IP aimed directly at the worldwide console games market. Its shareholder base includes strategic game-industry investors such as COLOPL NEXT, Makers Fund, NetEase, BiliBili Group and Akatsuki.
IzanagiGames builds titles around collaborations with individual Japanese creators and publishes them itself into global markets, and combines this with an in-house webtoon studio (Tsukuyomi) bridging games and serialized comics.
Technology
The company develops narrative-driven interactive entertainment, including live-action/interactive movie formats. AKIBA LOST uses live-action footage with a character-switching zapping system, branching choices and a 360-degree camera, and demo save data carries over to the full version. DYSCHRONIA: Chronos Alternate is a VR title co-developed with MyDearest.
Go-to-market
Titles are released globally on Steam and console platforms, supported by seasonal Steam discount campaigns, a Steam publisher page and official community group, wishlist and demo campaigns (Steam Next Fest), and appearances at trade and consumer events including BitSummit, WePlay Expo in Shanghai, and PlayStation booth exhibitions. Distribution in China and Asia is supported by the BiliBili Group partnership.
Console, PC and VR players worldwide, with publishing efforts targeting Japan and international markets and, following the BiliBili partnership, mainland China and the wider Asian region; webtoon readers are an additional audience.
Geography
Headquartered in Koto-ku, Tokyo, Japan, publishing titles worldwide; expansion focus on mainland China and Asia via BiliBili Group, with event presence in Japan (BitSummit) and China (WePlay Expo, Shanghai) and localization including Korean for AKIBA LOST.
History
The company released the interactive movie Death Come True in 2020, followed by World's End Club on Nintendo Switch in 2021, and Yurukill: The Calumniation Games and DYSCHRONIA: Chronos Alternate (co-developed with MyDearest) in 2022. It raised capital in successive third-party share allotments, reaching cumulative procurement of 368.8 million yen by January 2021 and 798.6 million yen by February 2022, the latter alongside a publishing partnership with BiliBili Group. In November 2022 it took investment from and partnered with creator studio Cork, Inc. to strengthen its games and webtoon content, having established its own webtoon studio, Tsukuyomi. Subsequent releases include AMEDAMA (digital edition on Nintendo Switch, PS5 and Xbox in November 2024), Dark Auction, and the in-development AKIBA LOST.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 14
launches, deals, and filingsThe AKIBA LOST demo participated in Steam Next Fest starting 16 June 2026, offering the character-switching zapping system, branching choices and a 360-degree camera, with demo saves transferable to the full game.
The Nintendo Switch 2 Edition of the mystery adventure game Dark Auction launched on 11 June 2026, following download pre-orders opening on 21 May 2026.
AKIBA LOST is described as a Japan Game Awards Future Division award-winning title.
IzanagiGames released a free demo on Steam for AKIBA LOST, a live-action multi-angle suspense game and Japan Game Awards Future Division winner.
The Steam store page for AKIBA LOST opened for wishlisting, with the title exhibited at WePlay Expo 2025 in Shanghai on 22-23 November 2025.
IzanagiGames entered the webtoon market and founded its own webtoon studio, Tsukuyomi.
IzanagiGames raised capital through a third-party allotment of new shares to Cork, Inc., a Shibuya-based creator studio led by CEO Yohei Sadoshima, under a new stock subscription agreement.
IzanagiGames and manga/literary agency Cork, Inc. formed a business partnership to collaborate on improving the quality of IzanagiGames' original game and webtoon content.
IzanagiGames raised 429.8 million yen via third-party allotment involving HODE HK Limited (BiliBili Group), COLOPL NEXT No.4 Fund Investment Partnership and Akatsuki Inc., taking total funds procured to 798.6 million yen. Funds earmarked for hiring and improving project quality.
Alongside the share allotment to BiliBili subsidiary HODE HK Limited, IzanagiGames entered a business partnership with BiliBili Group to strengthen worldwide publishing with a focus on mainland China and Asia.
IzanagiGames raised 166.8 million yen through a third-party allotment of new shares to COLOPL NEXT No.4 Fund Investment Partnership and Akatsuki Inc., bringing cumulative funds procured to 368.8 million yen. Major shareholders afterwards: Shinsuke Umeda, COLOPL NEXT No.4 Fund Investment Partnership, Makers Fund, NetEase and Akatsuki Inc.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Izanagigamesizanagigames.co.jp · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Izanagigames do?
- Tokyo-based IzanagiGames produces and publishes console, PC and VR games with Japanese creators, plus webtoon content.
- Who are Izanagigames's investors?
- Izanagigames's investors include Colopl Next.
- Where is Izanagigames headquartered?
- Izanagigames is headquartered in Tokyo, JP.