THECOO entered a bid indication after reportedly raising its earnings forecast for the fiscal year ending December 2026. As of 9:09 a.m., the bid indication remained at ¥2,899, up ¥200 from the previous day.
THECOO opened with buying interest, with the shares in bid indication at ¥2,899, up ¥200 from the previous day. At the open, the move was reflected in the market as a bid indication.
The company operates Fanicon, a paid, membership-based fan club app, and is attracting attention as a fan-business platform for related businesses. The news reports that it raised its earnings forecast for the fiscal year ending December 2026.
The raised forecast is seen as the factor behind the market reaction, with some market participants expecting growth in the company’s base for acquiring members for its own apps, including Fanicon, as well as in its fan-activity and fandom businesses.