# Three Kingdoms Mushouden

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

- Steam appid: 3285500
- Developer: NanBei Studio
- Publisher: Paleo
- Released: 2025 · Genre: Adventure · List price: $24.99
- Deal grade: C (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $4.3k to $6.4k per month (mid $5.3k)
- Opportunity score: $5.3k/month at x1.00 dormancy multiplier
- Est. lifetime owners: 59.7k · Est. lifetime net revenue: $500.4k
- Review sentiment: 74% positive across 2145 reviews (1866 from Steam purchases)
- Review velocity: 25.5 reviews/month (6-month average)

## Why it's flagged

- Developer active, last post 5 months ago
- Last build shipped 5 months ago
- Last discounted 1 months ago, 7 sales in the last 12 months

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

| Stage | USD/month |
|---|---|
| Gross storefront sales | $9.7k |
| After VAT / sales tax (-13% blended) | $8.4k |
| After refunds (-9.5% median) | $7.6k |
| Net to developer (after Steam 30%) | $5.3k |

## Monthly review counts, oldest to newest (14 months)

883, 393, 121, 130, 80, 30, 74, 29, 45, 36, 25, 15, 19, 13

## Missed seasonal-sale revenue (modeled)

Skipped 4 Steam seasonal sale window(s) in the last 14 months. Running a -50% discount in those windows is modeled at +$139.8k net in total, assuming a unit uplift of x3.0 (industry-typical for old catalog titles). Same ±30-50% error range applies.

## Markets by review language

- koreana: 11%
- russian: 1%
- spanish: 0%
- japanese: 5%
- schinese: 75%
- brazilian: 1% (game NOT localized in this language)
- german: 0%
- english: 7%

## 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/3285500
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.