# NINJA MASTER'S

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

**Measured on 2026-08-30 07:52 UTC.** The whole Steam catalog is re-measured daily; a game that just launched can move a lot between passes.

- Steam appid: 3822230
- Developer: Code Mystics
- Publisher: SNK CORPORATION
- Released: 2026 · Genre: Action · List price: $19.99
- Deal grade: B (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $1.3k to $1.9k per month (mid $1.6k)
- Opportunity score: $2.6k/month at x1.60 dormancy multiplier
- Est. lifetime owners: 1.1k · Est. lifetime net revenue: $7.2k
- Review sentiment: 87% positive across 31 reviews (27 from Steam purchases)
- Review velocity: 9.6 reviews/month (6-month average)

## Why it's flagged

- No developer announcement on record, ever
- Studio active elsewhere (4 titles tracked), so this one may welcome a partner
- Last build shipped 9 months ago
- Store page localized in only 3 language(s)

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

| Stage | USD/month |
|---|---|
| Gross storefront sales | $2.9k |
| After VAT / sales tax (-13% blended) | $2.5k |
| After refunds (-9.5% median) | $2.3k |
| Net to developer (after Steam 30%) | $1.6k |

## Monthly review counts, oldest to newest (2 months)

16, 6

## Estimated acquisition range

$38.6k to $77.3k (2-4x the trailing net annuity of $19.3k/year). Same error range applies.

## Markets by review language

- english: 60%
- spanish: 8% (game NOT localized in this language)
- japanese: 16% (game NOT localized in this language)
- schinese: 8% (game NOT localized in this language)
- brazilian: 8% (game NOT localized in this language)

Localization gap: 40% of measured reviews are written in languages the game does not support (top: japanese). Localizing is likely immediate market expansion.

## Methodology

Units are estimated from Steam-purchase reviews times a release-cohort multiplier, 40-75x by year. Cohorts from 2020 on are calibrated against 182 sales milestones announced by developers; older ones follow the published Boxleiter tables. 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/3822230
Citation: please cite ResidualPlay (https://residualplay.com) when you publish or quote these estimates.