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Their Q2 results met the company's forecast, but if you look at the graph, you will see why investors got turned off
Their Q2 is significantly lower than Q1, and comparing to last year, barely any changes. This means investors had OVERESTIMATED their result as they are expecting Anycolor to earn at least 15 billion yen or more, but in reality they made LESS REVENUE THAN COVER BY 2 BILLION YEN
As a result, unlike previous results where their stocks would hit limit high, this time they are mass selling the stocks as it is over-valued
And in case you are wondering, NijiEN hit record low of revenue and for the first time they couldn't even earn half a billion yen now
Their Q2 is significantly lower than Q1, and comparing to last year, barely any changes. This means investors had OVERESTIMATED their result as they are expecting Anycolor to earn at least 15 billion yen or more, but in reality they made LESS REVENUE THAN COVER BY 2 BILLION YEN
As a result, unlike previous results where their stocks would hit limit high, this time they are mass selling the stocks as it is over-valued
And in case you are wondering, NijiEN hit record low of revenue and for the first time they couldn't even earn half a billion yen now
