For the 1st time ever, ANYCOLOR announced that they will LOWER the full-year profit forecast by 1.5 billion yen, blaming items that cannot be sold and stuck in Anycolor inventories for yearsOn top of that, their Q4 forecast revenue will be lower than last year Q4 and the Q4 profit is expected to be halved comparing to last year, triggering the stocks massive collapse as of writing thisMeanwhile EN continues to go down as they barely made 400 million yen now. Their financial report is abysmal with bunch of parenthesis indicating losseshttps://ssl4.eir-parts.net/doc/5032/ir_material_for_fiscal_ym3/200355/00.pdf
grim
>>110148098>404 revenue not found
>>110148098Negligible. Keep pumping the stock.
>>110148098
>>110148098Has made more money in 3 quarters than they did all of last year.They have made more money than cover has in the same time frame.
>>110148098Stock anons on yahoo forums are comparing Anycolor to the "Sanrio bait". Pumped the shit out of the stock with just 1 or 2 surprising results and then dump everything when the company cannot produce surprising results anymoreRetards legit believed Anycolor would be at 60 billion yen revenue by now, but they already knew that they can't do that back in Q2, and downward revision due to inventory loss is the last thing they wanna hear right nowThe ultimate locust tower that amateurs naively built and got rug-pulled by the big guns in front of our eyes. Now their stock value is expected to be a third of where they were peaked at just 4 months ago
>>110148098What was the plan behind botting Niji JP girls, Botzuha GTA and all of NijiEN? They knew they had 6m of unsold merch might as well buy it yourself instead of wasting money on bots.
>>110148339We are looking at EN, sistah fistah.
>>110148329Oh, nice. Niji with how many waves now performing worse than when they had 4.
>>110148098>Event>0
>>110148098NijiEN continues downwardAnd this includes the sales of their super-expensive Luxiem Ukiyoe merch ($430 each)
>>110148177kekalso jesus christ, this is actually rough for AC. Never seen them have to do this before. Though as far as NijiEN goes, I'm just numb at this point. How many members are left? It's getting dangerously close to pre-luxiem numbers
>>110148410Just about 2-3 more years until the (8) is gone.
>>110148339I think its time to rope yourself sis. This is more grim than your unfertilized womb
>>110148098wait what happened here? that event number is funny in q2
>>110148339Anon, I don't think you understand to the investors how severe it is having to admit you won't meet the forecast you made.
>>110148339Stockbros don't care about how much you made. They care about whether you impressed them or not, and currently they were not impressed at all and showed by dumping the stocks, just like how they pumped and dumped Cover back thenWhat's sad is that Anycolor does not even plan for this year to be a surprise. They even moved NijiFes to new fiscal year 2027, resulting in lower Q4 revenue, but retarded stockbros saw their Q1 surprise and using the last year pattern, they thought Q1 would be Anycolor's weakest performance. Now they realized the trend is going downwards and Q1 will eventually be their strongest quarter of the year, a big reversal to the logic they had for Anycolor
>>110148456They didn't have any event in Q2 back then (that was back in FY2024)
>>110148534I thought Holofags said you shouldn't care about stockbros and only care about company revenue?
>>110148561Thats what sisters go on about pretending to be Holofags for damage control.
>>110148561Cover hasn't done a single buy back so yeah they are in a different situation.
>>110148561It depends, because nijisanji has been trying to make money by gaming the stock market instead of earning staying power with their product.
>>110148098>>110148416why do they still keep EN around? they're being mogged by goddamn phase connect. do they have a humiliation kink or something?
Riku has been slowly selling off his % for a while btw.
>>110148624They have been botting them for a year and nobody is still getting baited by their "look they recovered, now come and watch them please!" strategy.
>>110148624If you pick up a 10 cent coin on the street despite having millions in your account, you still got 10 cent.
>>110148632He still keeps more than 50% of ANYCOLOR shares, unless fagoo
>they had 6.1 million USD of unsold merch that had been sitting on their shelves for years and had to be disposed of>they still have another 9.5 million USD of unsold merch that needs to be disposed ofTurns out bots don't buy merch
>>110148624Getting rid of a branch meant to promote expansion would annihilate investor confidence in the company.
>>110148673Merch from graduated livers nobody bought, I assume? Instead people go and support them on their own channels outside Niji.
>>110148098How can EN sisters look at this chart and said NijiEN is doing fine? No one talked about BtB anymore and Anycolor even added their only revenue in music fes (NijiEN only stage) to JP side because "music fes is JP event"EN revenue can't even make 3% of JP revenue now, and Anycolor might as well just merge the "Other" to JP category to save investors' eyes
>>110148673Their new store flopped hard. Babas don't go outside their homes.
>>110148673WAIT WHAT HAPPENED D:
>>110148692Appeal to the Nipponese patriotic pride of not needing any Gaijin money. Japan No. 1! Banzai!
>>110148698BtB doing "well" is entirely because of bots. They can't bot sales though, shame.
>>110148098This is one of the worst reports I've ever saw, Q4 is gonna be even worseQ4 outlook:Profits are plummeting : 35 to 45% lowerRevenue to dip : 2-9%Event revenue : extremely low down from 1129 millon jpy to 100 million jpRiku needs to pull a magic trick if he doesn't want to lose it all.
>>110148853Those percentages are vs last year q4, which has njifes, while this q4 there's jackshit in events but a massive merch push with the 8th anniversary thing.
>>110148853Riku is putting all eggs in Q1-2027 basket for a "reverse sweep" as NijiFes will happen in that quarter and NijiTCG will be in production from that quarter tooBut it will be a big hill to climb on as the revenue needs to be at least 18 billion yen to calm investors down, so he better figure out a successful summer event to aid the fes revenue, or else they will bring the stocks down to 2k
how do we save nijiEN?
>>110148957Do nothing.
>>110148937This is a noob question but wouldn't dividends provide a baseline p.a. return that increases the lower the stock gets? In theory, won't that keep the stock price at a baseline minimum not far detached from fundamentals?
>>110148937he doesn't need to put his eggs is any basket they are literally making more revenue and profit compared to cover.They have virtually crushed every quarterly outlook and have done now 3 upwards revisions on its revenue.
>>110149140You don't understand how this works at all.
>>110149140Anykuro investors have been buying their stocks based on the notion the Q1 was going to be their weakest quarter. Turns out it was their strongest. They are going to dump this shit.
>>110149140Anon, this doesn't mean shit. The entire stockholder game is about promises of making a certain amount of money and they admitted they not only cannot deliver but fucked up their quarters. This is a trust issue on whether or not investor will keep giving you money. And people are already dropping out.
>>110149140Imagine 5 people give you 10000 dollars each and you promise to make 100,000 with it soon. You only make like 60000. By your logic, thats a good investment solely cause NUMBER BIGGER when its not.
>>110149351Stockholders? This will make stockholders happy, then>QRD ON THIS SLIDE>1. Niji is expecting to grow by 40 billion yen by 2027>2. They are allocating 3 billion yen for anime/game , studio and other expenditure>3. They are going to save 20 billion yen in cash to buy other companies and as a safety measure>4. 30 billion yen (LARGEST SLICE) to go back to shareholders through buybacks and dividends>NEW POLICIES>1. 30% OR MORE CUT of their earnings to be given out as dividends>2. Another 5 billion yen buyback will happen soon
>>110148098What does events usually include?
>>1101495253D concerts
This thread is so hilarious to watch:>anons with triple digit IQ stating about excellent performance of the company, proved by numbers, absolutely mogging Cover>holoniggers: N-no, it d-doesn't w-work like t-that, here is some retarded shit I just made up, p-please b-believe itHOLOCOPE and HOLOSEETHE are truly on another level after WhoroFes flopped.
>>110149522Man they are desperate
>>110149525For EN, the 158 was AR Live's livestream ticket sales. The (8) (negative 8) was the cancelled venue for Summer Jam at AX.
>>110149546>What is the aftermarket 'Triple IQ' nijizhang
>>110148957Pimping out the NijiEN girls specially Scarle to rich ojisans to invest in them.
>aftermarketA thought holofaggots would be at least room temperature IQ. Looks like it was to generous.
>>110148098I only care about seeing NijiEN crash & burn, so this makes me happy.
>>110148673>Make generic, shit merch>en masse>of people nobody likeslmaooooo
I went through the whole niji IR report Incase anyone wants qrd:1. They have unsold merch from previous years collecting dust in corner which was not being added to total calculation which lead to decrease in profit.In Q4 they are gonna add another 1.9billion yen loss to the balance sheet.2. They are going to debut more livers this year (10-19% increase in vtuber debut)3. Their major money maker is COMMERCE (MERCH SALES) so basically this is a major red flag for investors as they are going to take more loss in this field4. The top 5 vtubers in niji makes 20% of the total revenue the top 50-100 makes 0.6% of the revenue5. Niji is planning on taking legal actions against defamation and other things (Parrot be ready)6. They have a new permanent shop in yokohoma which was opened last year April.7. THEY NIJIEN PAGE HAS BEEN REMOVED8. Anycolor has decided to payout 30 billion yen in dividend and buybacks to shareholder and only invest 3 billion in IP creation 9. One of the reason as to why they might be seeing plummet in profit other than the inventory mismanagement in Q4 is because they paid 0.6 BILLION YEN BONUS TO STAFF.10. Even after blantant botting they were not able to show increase in viewership against increase in vtuber numbers 11. In Q4 another reason for profit plummeting will be lack of events which will make their overall event profit go down from 1192 million yen to 100 milion yen.12. They are buying more building to build studios and hiring more people
>>110148177
>>110149865NijiEN Q4 commerce is gonna be disastrous , they have nothing to show
>>110149865I am not sure how the 2% thing works but according to point 4 >>110149857 and the picrel I beleive every liver has a different contract share so you cannot basically say meloco is earning 71k from livestreaming alone. She may have less cut because she belongs to nijien compared to jp and same can be said for vox or anyothrr en liver.Also 60% of the revenue is through merch and only 17% is from live streaming >>110149184
>>110149857>7. THEY NIJIEN PAGE HAS BEEN REMOVEDOh shit is it finally happening? Not saying I'm surprised based on the result from OP, but god damn I guess Anycolor thinks JP is enough to keep them afloat
>>110148937>NijiTCGI don't think they can earn as much as holo did with ocg because....>>110149323>HoloOCG :>1. In- house production>2. Everything from in game mechanics , card designs, funding all done by cover>3. Bushiroad is sales and distribution partner.>Financial risky : VERY HIGH>Profit cut : VERY HIGH>Niji tcg :>1. B2B PARTNERSHIP AND IP LICENSING>2. anycolor leased out the right>3. If game flops takara Tomy will eat the cost>Risk : VERY LOW>Profit cut: VERY LOW
>>110149857they don't even do anniversary merch for EN anymore
>>110150046I don't need these infos to believe NijiTCG will do worse because NijiTCG will never be able to go outside of JapanHoloTCG is carried not by HoloJP fans but also HoloWestern fans that has shops around the world. Anycolor shut down US warehouse last year, they are not planning to sell the cards there and will make their product JP-exclusive. Hell I don't even think they will add NijiEN livers in the deck because no one will buy them
>>110150012Take the revenue per NijiJP vtuber and multiply it by 4 and you've already surpassed NijiEN's total revenue.
>>110148673plus the write-off ain't production cost but potential ssles? cute!
>>110149771TotalNijiENDeath
>>110148098>One billion yen merch write offLmao what kind of junk were they holding on to?
>>110150676Old event merch, graudated liver merch, stuff like that. This is just routine warehouse cleaning, the only reason it's so much is because they apparently never bothered to do it before?Basically you register merch when you get as assets valued at the sales price of the merch, so your inventory value immediately goes up a lot, but if it doesn't sell, then eventually you gotta remove it from the books again (or an audit may accuse you of cooking your books), and that's the billion lost.
>>110150012Imma assume they will announce NijiEN disband this month or April and then announce NijiFes with no NijiEN labelIf there is a perfect time to disband and restructure Niji entirely, it's during Q4 before new year Q1 comes in
>>110148098Is there pre-selen shock data?
>>110148098>they will LOWER the full-year profit forecast by 1.5 billion yen, blaming items that cannot be sold and stuck in Anycolor inventories for years>stuck in Anycolor inventories for yearsIf they were stuck by years as they say, why do they only have a financial impact now? Have they mentioned them in previous reports?sounds like that may not be the reason
>>110150988Apparently they decided January was a good day to check inventory and surprised that their merch are still there and forgot about them, as seen here >>110148673
>>110148098They pumped 4 organs to 1m subs for nothing. kek
>>110148696When Doki was in Japan within the last year (I can't remember for what) she said she saw merch of "her but not her" so I'm not so sure that's necessarily the case. Of course that could just be leftover stock the retailer has rather than Niji continuing to sell to retailers.
>>110150933
>>110148657LolLmao
>>110148329>404 revenue not found
>>110148467tesla does that all the time
>>110150101Even if niji tcg does worst it's only going to affect takara tommy and if it performs well takara tommy is the one who will earn more
>>110150733The thing is idk if niji does limited merch or not like holo but I expected something like this to happen with holo over niji considering how many variety merch holo has
>>110150756They may merge en but won't disband it trust
>>110151057Actually there was a Yugioh x niji Collab last year March. Shops see it selling like hot cakes and decides to over buy stocks of cards.That thing doesn't sell well and by April it's starts being sold at ⅓ of its price.
>>110150756Nah, they can't get rid of NijiEN until it drops to ID levels of bad. They'll just pull support until it's running on pennies. Just drop the maintenance costs and keep it running off a skeleton crew.
>>110151320>Just drop the maintenance costs and keep it running off a skeleton crew.They already did that. How much further can you lower the costs than having pajeets run your EN branch?
>>110148098NGL It's bad compared to their previous quarter, but this is still mogging cover last q3 report.
>>110151360Having the livers themselves run it - oh wait
>>110151370I mean they have to because they are more dependent on investors than cover.
>>110151588Revenue will never be relevant for stockfags cause they don't make money out of that, if they were only seeing revenue then the stock price wouldn't have dropped today
>>110148673Those goddamn unbuy bots
>>110151370Cover q2 mogged anykuro q2
>>110149624Finana would sell well, her tits are gigantic
>>110151705It relevant to anycolor because of this>>110149522>30 billion yen (LARGEST SLICE) to go back to shareholders through buybacks and dividendsAlso>1. 30% OR MORE CUT of their earnings to be given out as dividendsAnycolor have turned into stocks gambling company.
>>110152332We always talk about thisThe biggest shareholders are riku and other executives, they're basically just paying themselves
>>110152390Why don't you post the shareholders list?
>>110148177>>110151121kek
>>110152424Riku, the cfo and the angel investor who have been with them since the start own the majority of the shares
>>110149857All they really have to do is keep copyright striking him, their rep is already in the gutter anyways. Last time he kept threatening to kill himself when he got demonitized.
>>110151101Despite having a 500% increase in viewership, their revenue decreced to it's lowest yet
>>110148098>Cover's marginCover FY2026/3 Q3 gross margin: 54.1% — a record. Management explicitly flags this as partially driven by rebound from Q2 inventory write-down, but the underlying trend is a sustained march: 46.7%, 44.5%, 49.9%, 51.0%, 54.1% across the trailing quarters. Even discounting the rebound effect, Cover's structural gross margin is clearly operating above 50%.Cover explicitly flags two "areas under consideration" — product inventory issues centered on the 2023-2024 SKU expansion period, and a software development investment reorganization. The inventory language is notably similar to Anycolor's situation: goods manufactured speculatively during a rapid scale-up period that are now facing supply-demand imbalance. Cover is flagging this proactively before taking write-downs, which is better institutional behavior than Anycolor's discovery of years-old unsold event merchandise, but the underlying dynamic is structurally parallel. Both companies over-manufactured during the 2023-2024 growth surge and are now rationalizing.>Anycolor's marginAnycolor FY26/4 Q3 gross margin: working from their income statement (page 49), gross profit ¥6,968MM on revenue ¥15,693MM = 44.4%. Their best recent quarter was Q1 FY26/4 at 50.7%, but that appears to be the outlier, not the new floor. The trailing gross margin range is 44-50%, clustering around 47%.The ¥970MM valuation loss on Q3 inventories was for items manufactured years ago that were simply never sold, primarily event-associated merchandise from several years back. This is not a restructuring write-down or a one-time market event — it's inventory mismanagement surfacing. They're now also projecting a further ¥1.5B accounting-criteria valuation loss in Q4 as they revise evaluation standards. The combined ~¥2.47B in inventory losses across Q3-Q4 is a meaningful signal: at a company generating ¥42B+ annually, this is operationally embarrassing rather than existential, but it reveals that their Commerce engine — which is 68% of revenue — was being run with inadequate inventory governance. They manufactured goods speculatively, couldn't sell them, and sat on them for years before anyone forced a reckoning.>The margin gapAt equivalent revenue scale, Cover is running 7-10 percentage points higher gross margin than Anycolor. This is not a rounding difference. At ¥15B quarterly revenue, that's roughly ¥1-1.5B in additional gross profit per quarter that Cover would generate on the same top line. The structural divergence is the music and licensing-heavy revenue mix — Anycolor is 68% commerce, which carries manufacturing and inventory costs that structurally cap gross margin. Cover's Licensing/Collaborations at 19.8% this quarter and rising, combined with the TCG royalty structure, generates margin that Anycolor's merchandise-heavy model cannot replicate.
>>110152551>Kuwait Investment AuthorityWhat do habibis see in niji
>>110148624400million yen is a lot of money, anon
>>110153006tldr, but I can tell you ignored operating margins. AC model is much cheaper to run than covers
