# EDGAR Filing Document

**Accession Number:** 0002047148
**File Stem:** 0000000000-25-006587
**Filing Date:** 2025-6
**Character Count:** 4146
**Document Hash:** c978696e15e35afa7c1263d7c98dccbe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-006587.hdr.sgml**: 20250917

**ACCESSION NUMBER**: 0000000000-25-006587

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250624

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CTW Cayman
- **CENTRAL INDEX KEY:** 0002047148
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** M0
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 377-07710

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 29F, ARK HILLS SENGOKUYAMA MORI TOWER
- **STREET 2:** 1 CHOME 1-9-10, ROPPONGI, MINATO CITY
- **CITY:** TOKYO
- **PROVINCE COUNTRY:** M0
- **BUSINESS PHONE:** 050-1748-6333

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 29F, ARK HILLS SENGOKUYAMA MORI TOWER
- **STREET 2:** 1 CHOME 1-9-10, ROPPONGI, MINATO CITY
- **CITY:** TOKYO
- **PROVINCE COUNTRY:** M0
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001213900-25-010616

## Text-Extract

```

                                                            June 24, 2025

Ryuichi Sasaki
Chief Executive Officer
CTW Cayman
29F, 1 Chome-9-10, ARK Hills Sengokuyama Mori Tower
Roppongi, Minato City, Tokyo 106-0032, Japan

       Re: CTW Cayman
           Amendment No. 1 to Registration Statement on Form F-1
           Filed June 12, 2025
           File No. 377-07710
Dear Ryuichi Sasaki:

     We have reviewed your amended registration statement and have the
following
comment.

        Please respond to this letter by amending your registration statement
and providing
the requested information. If you do not believe a comment applies to your
facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your registration statement and the
information
you provide in response to this letter, we may have additional comments. Unless
we note
otherwise, any references to prior comments are to comments in our May 27, 2025
letter.

Amendment No. 1 to Registration Statement on Form F-1
Management's Discussion and Analysis of Financial Condition and Results of
Operations
Key Operating Metrics, page 60

1.     Please address the following as it related to your revised disclosure on
page 14 and
       response to prior comment 3.
           Tell us, and revise to disclose, how you determine which advertising
costs are
           specifically related to user acquisition and the type of costs (i.e.
advertising,
           compensation, travel, etc.) included in your calculation.
           Explain why you believe certain marketing costs, such as general
brand marketing
           or promotional events, are not relevant to attracting created users.
           In your response, provide us with the number of created users and
advertising
           expense used in your ROAS calculations for each period presented.
 June 24, 2025
Page 2

             Revise to disclose what costs are excluded from total sales and
marketing expense
           in calculating this measure and why.
             If true, revise to disclose that the cohort of created users in a
particular year may
           not be representative of every year, and that this measure is not
indicative of past
           or future performance.

        Please contact Melissa Kindelan at 202-551-3564 or Kathleen Collins at
202-551-
3499 if you have questions regarding comments on the financial statements and
related
matters. Please contact Mariam Mansaray at 202-551-6356 or Larry Spirgel at
202-551-3815
with any other questions.

                                                             Sincerely,

                                                             Division of
Corporation Finance
                                                             Office of
Technology
cc:   Richard J. Chang, Esq.

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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