# Rise of the Ronin

> ResidualPlay case file: an overlooked Steam game still earning residual revenue. Estimates carry a ±30-50% error range per title.

- Steam appid: 1340990
- Developer: KOEI TECMO GAMES CO., LTD.
- Released: 2025 · Genre: Action · List price: $49.99
- Deal grade: C (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $51.8k to $77.7k per month (mid $64.7k)
- Opportunity score: $64.7k/month at x1.00 dormancy multiplier
- Est. lifetime owners: 205.9k · Est. lifetime net revenue: $3.5M
- Review sentiment: 63% positive across 10939 reviews (6433 from Steam purchases)
- Review velocity: 154.5 reviews/month (6-month average)

## Why it's flagged

- Developer active, last post 9 months ago
- Studio active elsewhere (76 titles tracked), so this one may welcome a partner
- Last build shipped 9 months ago
- 41% of reviews come from key activations (excluded from revenue estimates)
- Last discounted 0 months ago, 9 sales in the last 12 months

## Where a gross dollar goes (monthly, at current velocity)

| Stage | USD/month |
|---|---|
| Gross storefront sales | $117.5k |
| After VAT / sales tax (-13% blended) | $102.3k |
| After refunds (-9.5% median) | $92.5k |
| Net to developer (after Steam 30%) | $64.7k |

## Monthly review counts, oldest to newest (17 months)

3021, 572, 156, 319, 293, 231, 262, 226, 234, 232, 116, 205, 175, 107, 105, 204, 131

## Missed seasonal-sale revenue (modeled)

Skipped 2 Steam seasonal sale window(s) in the last 17 months. Running a -50% discount in those windows is modeled at +$657.3k net in total, assuming a unit uplift of x3.0 (industry-typical for old catalog titles). Same ±30-50% error range applies.

## Methodology

Units are estimated from Steam-purchase reviews times a release-cohort multiplier (Boxleiter method, 20-75x by year). Revenue uses an effective price (lifetime discounts and regional pricing) and nets out VAT (~13%), refunds (~9.5%) and Steam's 30% cut: roughly 55% of gross reaches the developer.

Source: https://residualplay.com/game/1340990
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.