>>77825786Stock Watch anon here. It's time for a summary of the Anycolor stock report. I'll provide links at the bottom.
Before we begin, they've interestingly separated their typical report into two PDFS, one for “Financial results of FY2024.4” and the other for “Management policy for Mid-Term Growth” they are for the most part the same size as previous reports, and are mostly the same. There's also a document hosting an announcement regarding shares, which I’ll get to last.
But for context, we’ll first be going over “Financial results of FY2024.4”
PDF 1: Financial Results for FY2024.4 Q4
FINANCIAL RESULTS FOR THE QUARTER/YEAR
Anycolor has missed their yearly forecast by 3%. This quarter they saw 8.7 billion yen in revenue. Interestingly, no separate charts for the two branches, but they show the real details in the appendix (we'll move to that later).
While Anycolor claimed that Q4 would be their biggest year, that honor still goes to Q1 2024. And while revenue has increased, profits have started to stagnate. For comparison, Anycolor went from 19.7% profit in 2022 to 26.4% in 2023, this time they've only increased by 0.9% for 27.3% net profit. Interestingly, revenues by business areas show that while Commerce, Event, and Promotions saw growth, Livestreaming has taken a small loss.
Direct costs (related to their VTubers i’m assuming) went down, however costs outside of that like spiked due year-end bonuses an office related expenses of their new studio.
For their forecasts for next year, Anycolor expects to see 39 billion yen in profit, a 21.9% increase. They "plan" to stabilize quarterly fluctuations across the fiscal year, as performances like Q1 2024 were heavily weighted.
In Revenue by Business area, Livestreaming saw 16% of Revenue, Promotion saw 18%, and Events saw 6%. Commerce takes the lionshare, with 59% of revenue coming from them.
The Finance section is where you'll find the numbers on how the two branches truly did. I'll keep JP short. They did quite well and it seems NijiJP's failure to get to the west was a blessing in disguise of not getting hit by the NijiEN drama. As for Nijisanji EN...
NIJISANJI EN'S PERFORMANCE
Nijisanji EN this year saw an approximate 24% loss from 2023 to 2024. Going by last year’s quarter, we can now safely say that Selen’s termination led to a 20% decrease compared to last year’s Q4.
Going by last year’s Q4, Livestreaming revenue saw a 35% loss, Promotion revenue saw a 15% loss, and their biggest revenue maker in commerce (I.e merchandising) also saw a 35% loss. However, for the first time, we do see revenue from Events in Nijisanji EN. They however fail to even cover half the losses from the rest of their revenue sources.
PDF 2: Management Policy for Mid-Term Growth.
This is where the reports begin to be repetitive, to keep it brief here are the few notable things featured.
>According to Anycolor, 68% of their fanbase is female, and for age groups 20-29 make up 57% of their fanbase.>Interestingly, nearly half of their revenue comes from VTubers that debuted in Anycolor’s first two years. With those that debuted in their first year accounting for 30% of revenue.>Anycolor’s Mid-Term goals currently are to see nearly double in revenue and profit. With generic plans of strengthening their structure, hiring 10-15% more talents, and expect avenge revenue for talents to grow by 10-15%.>3-5 Million yen are being invested into various projects>They have approximately 20 billion yen on hand.>Interestingly they for the first time show policies risks such as reliance on popular talents and reputation risks. Unfortunately it seems they’re response to reputation risks is more compliance training, as well as “strengthened internal controls, such as actions based on findings from third parties.” (potentially a reference to the Raziel/Luca document? This is just my speculation.)PDF 3: Notice Regarding the Decisions on Matters Related to Stock Repurchase
ANYCOLOR REPURCHASING STOCKS
The most notable thing tonight outside of Nijisanji EN’s performance however, is that Anycolor is once again buying back stocks from tomorrow to August 31st. They will be purchasing up to 4 million stocks, or 6.4% of total issued shares. With a total amount being paid out to be up to 7.5 billion yen. For reference, their January buy-back saw them spend 2.5 billion yen. Do keep in mind however that total stocks/amounts are approximate, and it may be more cheaper/expensive.
TLDR/OVERALL REVIEW
To put in simple metaphorical terms, Anycolor got a D+ for their financial reports. While Nijisanji JP continues to be quite successful, They failed their forecasts, growth is starting to slow and their Overseas is looking dire by the month. The future in my opinion, is looking quite uncertain if they can’t replicate their success outside of their top talents in JP.
(Expectations/prediction regarding the Stock in next post.)
