Agreements reached under this partnership
Capital and Business Alliance- 1
COVER Corporation will continue to maintain the original agreement and support future activities through a collaborative framework involving the Company and the relevant parties.
- 2
Going forward, 株式会社NERD will be responsible for talent management in connection with the solo artist activities and is expected to support those activities.
- 3
Collaborations and group activities as a VTuber affiliated with hololive production are expected to continue. Various initiatives, including event appearances and product planning, will also be carried out as appropriate following discussions with the Company and the relevant parties.
- 4
As a solo artist, music activities, streaming activities, new merchandise sales and fan club operations, among other activities, will be moved to the personal agency Studio STELLAR.
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).
The Company expects the impact of this matter on its results for the current fiscal year ending March 2026 to be immaterial. Although the Company recognizes that the impact on results for the next fiscal year ending March 2027 will be within a range that can be absorbed by its earnings base and portfolio, it will continue to examine the impact of this matter and plans to disclose the information after appropriately incorporating it into its earnings forecast.
| Item | Details |
|---|---|
| Name of alliance partner | 株式会社NERD |
| Alliance partner's business activities | An artist agency that works with independent artists with distinctive creativity. Centered on management and production, it presents new forms of culture across fields and borders through collaboration with brands, companies and cultural institutions. |
| Alliance partner's location | Meguro-ku, Tokyo |
| Type of alliance | Capital and Business Alliance |
| Details of the alliance | COVER Corporation will continue to maintain the original agreement and support future activities through a collaborative framework involving the Company and the relevant parties., Going forward, 株式会社NERD will be responsible for talent management in connection with the solo artist activities and is expected to support those activities., Collaborations and group activities as a VTuber affiliated with hololive production are expected to continue. Various initiatives, including event appearances and product planning, will also be carried out as appropriate following discussions with the Company and the relevant parties., As a solo artist, music activities, streaming activities, new merchandise sales and fan club operations, among other activities, will be moved to the personal agency Studio STELLAR. |
| Acquisition price | Investment amount and equity stake undisclosed |
| Ownership ratio | Not disclosed |
| Date of board resolution | 23 March 2026 |
| Alliance start date | 22 March 2026 (the date Studio STELLAR was established) |
| Impact on Business Performance | The Company expects the impact of this matter on its results for the current fiscal year ending March 2026 to be immaterial. Although the Company recognizes that the impact on results for the next fiscal year ending March 2027 will be within a range that can be absorbed by its earnings base and portfolio, it will continue to examine the impact of this matter and plans to disclose the information after appropriately incorporating it into its earnings forecast. |
Items this document does not state (13)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.With the establishment of Hoshimachi Suisei’s (星街すいせい) personal agency, Studio STELLAR, the focus of her solo artist activities will be moved there while COVER Corporation maintains the original agreement and supports her future activities in cooperation with the relevant parties.