Dependence on External Video Distribution Platforms
First written in FY2023. 4 of 6 entries say "Mitigated", first in FY2024. Latest entry: FY2026.
1 other company's latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The Company is diversifying its revenue opportunities through merchandising, events and licensing-out rather than relying solely on live streaming. Its content creators also operate across multiple video-streaming platforms, including platforms other than YouTube, and the Company is working to reduce the risk of dependence on any specific platform.」
The Company continues to diversify revenue opportunities and distribution channels as a response to reduce dependence on external video-streaming platforms. - FY2026-H1MitigatedAnnual report
「In streaming and content, the large-scale project "Holonatsu Paradise," conducted throughout July 2025 and centered on streaming across language and regional groups, helped shape trends. Asset-based content, including music videos by individual talents, also functioned as a cumulative, ongoing source of audience acquisition.」
The Company explained that asset-based content and cross-platform initiatives not dependent on live streaming served as continuing customer-acquisition channels. - FY2025-H1MitigatedAnnual report
「The Company made progress in attracting customers through various channels not limited to YouTube.」
The Company described progress in diversifying customer-acquisition channels beyond YouTube, indicating a move to mitigate dependence on a single external video-streaming platform. - FY2024MitigatedAnnual report
「The Company is diversifying its revenue opportunities through merchandising, events and licensing-out rather than relying solely on live streaming. Its content creators also operate across multiple video-streaming platforms, including platforms other than YouTube, and activities on its own platform currently under development are planned. Accordingly, the Company has a structure that does not depend solely on a single platform.」
While streaming cancellations occurred in the previous fiscal year due to a failure at an external streaming platform, the Company has explicitly identified diversification of revenue opportunities, distribution channels and its own platform as mitigation measures. - FY2024-Q3MaterialisedAnnual report
「The Company recorded as extraordinary income compensation received for damages arising from the cancellation of certain paid online live events following server problems on a streaming platform operated by an outsourcing provider.」
A failure at an external streaming platform actually led to the cancellation of certain paid online live events. Compensation of ¥160.229 million was recorded as extraordinary income. This was a concrete manifestation of the existing risk of dependence on external video-streaming platforms. - FY2023First statedAnnual report
「If changes in the trends or business strategies of these video-streaming platform operators, or changes in their relationships with the Company, make it difficult to continue providing live-streaming content, or if the economic terms change substantially, the Company's business, results of operations and financial condition may be affected through a decline in revenue from customers who consumed the Company's content through those platforms.」
The Company recognizes its dependence on external platforms such as YouTube as a risk and is mitigating it by diversifying revenue sources and distribution channels and developing its own platform.