SPACE SHOWER SKIYAKI HOLDINGS INC., whose core business is SKIYAKI’s fan club platform, examines the strengths and risks of its “behind-the-scenes” business in the K-POP-focused market.
SPACE SHOWER SKIYAKI HOLDINGS INC., which aims to become an integrated music entertainment infrastructure provider, is a holding company that combines SKIYAKI’s fan club platform business with Space Shower’s live entertainment and media businesses, including festivals, live music venues and program production. It has provided Bitfan Pro and Bitfan as platforms for fan club operations. These businesses are built around a revenue structure based on fan club fees charged on artists’ sales, while revenue from the live entertainment and media businesses is considered more susceptible to fluctuations in external factors.
Notably, the company was formerly listed on the TSE Growth Market under securities code 3995, but was delisted on 28 March 2024 and is now a wholly owned subsidiary of the company of the same name that originated with Space Shower TV. It therefore now owns the full integrated music entertainment infrastructure as a single group.
Japan is regarded as one of the key overseas markets for K-POP artists, and a platform supporting fan club operations in Japanese and Japanese payment methods is considered essential infrastructure for overseas artists expanding in Japan. SKIYAKI has operated Japanese fan clubs for many K-POP artists. Although the proportion of sales related to K-POP has not been disclosed, the fact that the company is not recognized by the market as an overlooked stock may be a point of interest from an investment perspective.