>>79544913>>79640450Shortstack anon here, it's time to close out the first day of July in Japan! While we're gonna look over a definitive translation of the Cover Shareholder's report, outside of that it's gonna be really brief. I got places to be so let's make it quick.
STOCK OVERVIEW
Anycolor closes out just shot of the 26XX area, at 2712 yen (-47) with barely any resistance at the end. Considering how it accelerated at it's fall after lunch, I believe my rrat could hold a little bit of weight, but that's not a guarantee.
Cover is also in the same position sliding back down below 2000 down to 1962 yen (-42). Potentially just following trends? Who knows, but still a bad first impression for July.
The NIKKEI closed out a 0.12% gain today as well.
Trading volumes
Anycolor: 658k
Cover Corp: 2.7 Million
COVER SHAREHOLDERS MEETING OVERVIEW (DEFINITIVE EDITION)
First and foremost, be sure to credit
>>79599826 and
>>79614756 and whoever compiled it in
>>79626497 for translating/compiling all of this for us, I deserve no credit for their actions.
With that being said, I'll be separating Stock/Business and Events/Non-Business topics. Just so you can skip over and see what Cover is doing on the talent/event side of things if you wish (though you should read the Business part as well.)
Do note, the Japanese transcriber faced audio issues so part of some responses may have been omitted. So while it *could* be accurate, Please take it with a grain of salt.
If anything comes from a question that audio disruptions, it will be marked with (TBR)
STOCK/BUSINESS RELATED REVELATIONS
>No current plans on short term shareholder return policies (e.g buybacks, dividends)>COVER USA will begin operations in July, with no delays. It's purpose is for sales activities and business to business partnerships.>(TBR) The new studio is operating smoothly, with plans to improve flexibility and utilize it for R&D of technology and content with the use of 3D Motion capture.>(TBR) HoloEarth has been making steady progress in it's milestones regarding development.>Cover will be releasing the JP version of HoloPlus, and is conducting beta tests on the English version, with intentions to expand basic features.>In regards to HoloIndie, Cover is considering measures to help assist in game development and improve the environment.>No guidelines/plans for generative A.I but they are monitoring developments/trends to consider their approach.>Plans to increase staff, in relation to business expansion.>Potentially referring to a "certain company", Cover has been taken measures to be mindful of cultures and customs overseas, and have invested in staff to handle global expansion.>Regarding the concerns about Bilibili, Cover is being thorough and state that official accounts are managed by them alone.>Regarding the Bilibili leaks, their investigations have found that some of it was simply untrue, and that the leak did not come from them internally. However they have identified the sources and are addressing them.>Training has increased to help ensure no NDAs are broken by talents. Having done so for JP twice will be doing so for EN and ID.>The female:male ratio in senior management has been increasing on the female side.>No reports on their progress regarding the announcement to move to the Prime Market.>A stock ownership plan has been established for talents/staff.>While AI is not being considered for IP generation, there is some interest in using AI specifically for delivery in different languages.>Cover's earnings from talents are diversified, with their most successful VTuber attributing less than 5%.EVENTS/TALENT RELATED REVELATIONS
>Plans to expand in oversea regions in NA, Asia and Europe. With plans in China/Shanhai, Paris and Seoul. (iirc Kobo will be in a con in China, with Justice participating in Paris. Not sure on Seoul, any confirmations would be appreciated on this.)>(TBR) Cover has covered health check-ups for the talent, in addition they have enhanced pre-debut training.>BREAKING: YAGOO ON A DIET AND HAS LOST WEIGHT, HE IS PERFECTLY HEALTHY.>HoloEarth at the moment is focusing on High-End PC performance. However they plan to expand the service in stages afterwards.>Discussions of changing venues for HoloFes due to capacity are happening, but nothing has been confirmed as of writing. As they believe they can work with the capacity to some extent.>In a moment of confusion, one shareholder though DEV_IS was a actual K-POP group, much to the confusion of Tanigo. They are intended to emulate the K-POP style of groups/activities with their brand. Not be a actual K-POP group.That's all that stood out to me, but if you wish to take a look. Here is the translated version:
https://rentry.org/CoverSM2024ENTL 