COVER raised its earnings forecast for the second quarter of the fiscal year ending March 2027. Meanwhile, the share price plunged. Revenue is expected to be ¥22.270 billion, unchanged from the previous forecast, while ordinary profit is expected to increase by ¥1.470 billion to ¥3.400 billion.
COVER raised its earnings forecast for the second quarter of the fiscal year ending March 2027. Revenue is expected to be ¥22.270 billion, unchanged from the previous forecast, while ordinary profit is expected to increase by ¥1.470 billion to ¥3.400 billion. The share price plunged and ended the trading session lower.
The new smartphone game “hololive Dreams” got off to a stronger-than-expected start, and the licensing and tie-up business performed above plan. Progress in the merchandising business was delayed, but costs are expected to come in below plan, and profit is consequently expected to significantly exceed forecasts.
However, the unchanged full-year forecast has become a selling factor for the market. The overall forecast is expected to be maintained, and some believe that the impact of this upward revision on the full-year results will be limited.