>>69712912sure, numbers might be pumped due to nijifest (which was in Q3 IIRC)
but how do they explain to their investors that their overseas expansion is toast? the only way for the company to expand due to oversaturation in japan... and now it's gone.
EN was hailed as one of their core pillars, especially with IN, KR, and ID all dead (we all know what happened with each, every single one being a unique shit show).
it's not just about the profits of now, it's about future projections. and right now, i would say it looks grim.
enna's recent bday live and concert is already painting a pretty good picture of what the future holds for NijiEN (superchats down to half of last year, with most of them being sent from Hong Kong, contrary to last year being mostly from the US).
i think the price will crash further. there's no hope of recovery, no way of them pumping the stock anymore.
