>>102880866It's because Niji recently promised 70 yen per share dividends, which is insane and impossible to sustain long term. It's something only scam stocks do. They'll be able to maintain it for a while though becuase from their recent investor report, Anycolor said it is commiting 90% of its profits to to paying out investors and for mergers with virtually nothing going back into the company and talents. In this slide, they say that only 3-5 billion yen will go to company projects and media efforts, with 50 billion going to investors and M&A.
This is in direct contrast to Cover, which recently refused to pursue market reclassification of their stock at the expense of their shareholders so that they can retain a greater amount of control over the company.
