>>87996851They're not waiting for a reason to AZ-5 the branch. They already have a bunch of reasons at their disposal, of both the "actually true" variety and the "technically not a lie, and true enough to avoid getting bonked by market regulators for lying to them or to the investors" variety. If they were so inclined, they could close the branch and terminate all hands literally right NOW and cite something like "gross mismanagement" (actually true) or "the August market crash" (technically not a lie) as the reason.
They're not waiting on a reason, they're waiting on the timing. They have some outstanding business contracts like the Niji Encounter project, and cancelling those contracts will incur cancellation fees. And as badly as EN is doing right now, they have not yet reached the point where tanking the cancellation fees will cost the company less money than keeping the branch in (at least nominal) operation until those contracts are fulfilled. They will reach that point sooner or later, either because gross revenue reaches a sufficiently low level, or because there are no more outstanding contracts remaining; but either way, they're not there yet.
Also Luxiem's 3rd anniversary is coming up on December 20, and EN management wants to give them as big of a celebration as possible, even if that celebration ends up being the branch's graduation ceremony. They will do everything in their power to keep the branch up and running at least that long, no matter how bad the Q2 report is.
The Q2 report, covering the 92-day period from August 1 to October 31, will be published on or around December 12. There is an extremely high but not 100% chance that the third round of stock buybacks will be announced at the same time as the Q2 report; and a very low but non-zero chance that there will also be at that time an announcement of the upcoming-but-not-immediate merger/closure of the EN branch, e.g. announcing on Dec 12 that the branch is closing on Dec 31.
