>>6582795NJPW mostly treaded water during the pandemic. They lost a shit load in ticket sales, which was the bulk of the revenue, but by pushing New Japan World and Merch, along with some minor paycuts among the non-wrestling staff, they avoided being in the red.
Now that the coof is over, they are slowly recovering, but it's hard. Basically a year or two off, along with rough booking during the year off has cooled them off. They seem to rebounding in Japan, but AEW has all the attention in the US. New Japan Strong is a great show, but it's basically just an Indie, a New Japan NXT and makes money accordingly. Financially, they are doing fine. The big issue is they are way behind where they would be now if it wasn't for the coof. Slowed growth is the problem, not the threat of bankruptcy.