Balancing Business Expansion with Improved Profitability
First written in FY2023. 12 of 24 entries say "Advanced", first in FY2024-Q1. Latest entry: 2026-09-24.
The whole theme swung hardest in 2021: 1 of 7 companies on the "Worse" side.
14 other companies' latest entry also says "Advanced".
- FY2026Revenue growth, profit decline, and restructuring costsAnnual report
「For the fiscal year, net sales were ¥49,330 million, up 13.7% year on year; operating income was ¥7,056 million, down 11.8%; ordinary income was ¥7,068 million, down 11.2%; and net income was ¥3,016 million, down 45.7%.」
While net sales increased, operating income, ordinary income and net income declined. The Company also incurred temporary restructuring costs, including the disposal and write-down of slow-moving inventory and impairment losses on assets related to Holoearth. - FY2026-H1Revenue growth, profit decline, and upfront investment burdenAnnual report
「As a result, for the interim accounting period, net sales were ¥21,754 million, up 27.2% year on year; operating income was ¥2,666 million, down 20.9%; ordinary income was ¥2,674 million, down 19.0%; and interim net income was ¥1,999 million, down 5.7%. The Company also continued to actively pursue initiatives to strengthen its medium- to long-term growth platform, including improving production capabilities, upgrading its logistics structure and strengthening overseas business development. These upfront investment-related expenditures are temporarily reducing the operating margin, but the Company positions them as an important step toward sustainable future growth.」
Net sales increased 27.2% year on year, while operating income declined 20.9%. The Company added that upfront investment in its growth platform would temporarily reduce the operating margin. - FY2025-H1AdvancedAnnual report
「During the interim accounting period, sales of new merchandising products, including the trading card game hololive OFFICIAL CARD GAME, which went on sale in September, and progress in securing licensing/tie-up projects were strong. As a result, net sales and profit levels expanded beyond the Company's plan.」
Sales of new products and progress in licensing/tie-up projects drove net sales and profit levels above plan. Net sales were ¥17,104 million and operating income was ¥3,372 million. - FY2024AdvancedAnnual report
「As a result, for the fiscal year, net sales were ¥30,166 million, up 47.5% year on year; operating income was ¥5,536 million, up 62.0%; ordinary income was ¥5,623 million, up 66.1%; and net income was ¥4,137 million, up 65.0%.」
As a result of the multifaceted expansion of its IP, net sales were ¥30,166 million and operating income was ¥5,536 million, with net sales and operating income increasing 47.5% and 62.0%, respectively. - FY2024-Q3AdvancedAnnual report
「During the third quarter, the musical activities of the Company's affiliated VTubers contributed to increased exposure and the acquisition of new customers through a range of media, including terrestrial television programs, karaoke and various streaming sites. In addition, awareness of the Company's content in overseas markets, particularly North America, has been steadily expanding, supported by the success of an English-language VTuber group that debuted during the cumulative second quarter period. As a result, as of the end of December 2023, the total number of YouTube channel subscribers for VTubers affiliated with the Company (Note) had grown to 86.25 million. In merchandising, although order-based products were temporarily affected by shipments slipping into a different period, advance payments, consisting mainly of outstanding orders for products, stood at ¥5,708.560 million as of the end of December 2023, up 25.0% year on year, and merchandise transaction volume remained firm. In licensing/tie-ups, transactions also continued to expand against the backdrop of the growing influence of the Company's IP. As a result, for the cumulative third quarter period, net sales were ¥19,225.271 million, up 50.2% year on year; operating income was ¥3,491.375 million, up 101.3%; ordinary income was ¥3,476.901 million, up 101.3%; and quarterly net income was ¥2,625.296 million, up 104.9%.」
Driven by broader exposure across multiple media, overseas group IP, and the expansion of merchandising and licensing/tie-ups, net sales for the cumulative third quarter period were ¥19,225.271 million and operating income was ¥3,491.375 million, up 50.2% and 101.3% year on year, respectively. - FY2024-Q2AdvancedAnnual report
「During the second quarter, the Company worked to expand the multifaceted exposure of its IP beyond online live streaming through multiple live concerts in Japan and overseas and appearances across various media, including television. In addition, the debut of new female VTuber units in Japan and overseas during the same period further helped broaden its customer base. As of the end of September 2023, the total number of YouTube channel subscribers for VTubers affiliated with the Company (Note) had grown to 83.19 million. As a result, for the cumulative second quarter period, net sales in the streaming/content segment were ¥3,451.510 million and net sales in the live/events segment were ¥1,661.167 million. The Company's commerce business is subject to seasonality, with sales tending to be concentrated in the second half of the fiscal year, but merchandise transaction volume remained firm against the backdrop of the expanding influence of its IP. Net sales in the merchandising segment for the cumulative second quarter period were ¥5,361.267 million, while net sales in the licensing/tie-up segment were ¥1,802.100 million. As a result, for the cumulative second quarter period, net sales were ¥12,276.046 million, operating income was ¥2,304.643 million, ordinary income was ¥2,311.765 million and quarterly net income was ¥1,657.185 million.」
As a result of expanding multifaceted IP exposure, launching new units, and developing commerce and licensing businesses, the Company recorded net sales of ¥12,276.04 million, operating income of ¥2,304.64 million and quarterly net income of ¥1,657.18 million for the cumulative second quarter period. - FY2024-Q1AdvancedAnnual report
「As a result, for the cumulative first quarter period, net sales were ¥5,142.904 million, operating income was ¥895.964 million, ordinary income was ¥898.904 million and quarterly net income was ¥621.158 million.」
In the first quarter, the Company recorded net sales of ¥5,142.9 million and operating income of ¥895.96 million. It explained that sales from merchandising and licensing/tie-ups expanded substantially year on year. - FY2023First statedAnnual report
「With the continuous development and cultivation of high-value-added VTuber IP at the core of its business, the Company is pursuing operations across the multifaceted IP business market, extending beyond services offered solely on video-streaming platforms.」
The Company has indicated that it intends to balance growth and profitability through multifaceted development in areas such as IP development, events and commerce while making multiple upfront investments.