ANYCOLOR (5032) Q1 2027 earnings summary

Executive summary

• Q1 FY27/4 revenue rose 5.4% year-over-year to ¥16,620 million, with strong performance in Commerce and Event segments exceeding forecasts.

• Operating profit declined 8.8% year-over-year to ¥6,391 million, with margin at 38.5% due to higher costs from large-scale events and increased hiring.

• Net profit decreased 10.6% year-over-year to ¥4,365 million, with a margin of 26.3%.

• The VTuber business expanded, with 181 VTubers (up 16 YoY) and ANYCOLOR IDs reaching 2,106,000 (up 19.3% YoY).

• Large-scale events and successful merchandise initiatives drove growth, while livestreaming ad revenue saw seasonal decline.

Financial highlights

• Q1 revenue: ¥16,620 million (+5.4% YoY); operating profit: ¥6,391 million (-8.8% YoY); net profit: ¥4,365 million (-10.6% YoY).

• Commerce revenue: ¥11,413 million, significantly exceeding forecasts due to strong music CD sales.

• Event revenue: ¥1,707 million, surpassing outlook with successful NIJISANJI FES 2026 and solo performances.

• Gross profit for the quarter was ¥7,474 million, down from ¥8,000 million year-over-year.

• Direct variable costs increased due to event impact and inventory valuation losses (~¥460 million).

Outlook and guidance

• FY27/4 full-year revenue forecast unchanged at ¥56,000–60,000 million; operating profit forecast at ¥18,000–20,000 million.

• Net profit forecast is ¥12,326–¥13,696 million, down 12.5–2.8% YoY; EPS forecast is ¥205.60–¥228.45.

• Q2 revenue outlook: ¥15,000 million (+42.1% YoY); operating profit: ¥5,600 million (+37.6% YoY).

• Key Q2 initiatives include new merchandise launches, live events, and collaborations.

• Mid-term plan targets FY29/4 revenue CAGR of 19.5%, aiming for ¥80,000 million revenue.