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The financially illiterate sea-sisters don't realize that for a growth stock, this is NOT a good look.
The numbers are higher than last year, but the growth is noticeably slowing. Japan's economy is in a meltdown, and NijiEN just posted 5 consecutive quarters of revenue decline, which included a massive drop off of livestreaming and merch revenues.
Without the AR live and the other event spams, the total YOY is -35% rather than -22% (both are still really bad).
The Nijisisters celebrating don't realize that for a "growth" company like Niji, this is looking really bad. They missed their OWN generous forecast by a full billion yen, not to mention the shareholders had much higher expectations in tandem.
In short, this report wasn't disastrous, but it certainly didn't inspire confidence either.
Also, funny that they're doing another stock buyback. As if they're expecting the stock to dip again soon...
