NijiEN is on borrowed time. I don't really see the branch existing as a separate entity for much longer if they continue to lose revenue every quarter like this. I doubt investors are going to be thrilled about this too, but I don't think they're going to react like they did last quarter.
https://www.anycolor.co.jp/en/ir
https://ssl4.eir-parts.net/doc/5032/ir_material_for_fiscal_ym3/157570/00.pdf
https://ssl4.eir-parts.net/doc/5032/ir_material_for_fiscal_ym2/157569/00.pdf