ANYCOLOR (5032) Q2 2025 earnings summary

Executive summary

• Q2 FY2025.4 revenue rose 51.5% year-over-year to ¥9,906 million, with operating profit up 65.8% to ¥4,043 million and net profit up 64.7% to ¥2,802 million.

• Net sales for the six months ended October 31, 2024, rose 12.0% year-over-year to ¥17,341 million, with operating profit up 4.3% to ¥6,761 million and net profit up 4.1% to ¥4,682 million.

• Growth driven by expansion in VTuber business domains, with 166 VTubers and 1.44 million ANYCOLOR IDs, up 30.9% year-over-year.

• H1 results fell short of targets due to delayed merchandise shipments and canceled events, but the full-year forecast remains unchanged, expecting recovery from unshipped merchandise and new sales initiatives.

• Commerce segment achieved record-high quarterly revenue, though some shipments were postponed, increasing the balance of unshipped merchandise.

Financial highlights

• Q2 revenue: ¥9,906 million (+51.5% YoY); operating profit: ¥4,043 million (+65.8% YoY); net profit: ¥2,802 million (+64.7% YoY).

• H1 revenue reached ¥17,341 million, 45.7% of full-year forecasts.

• Gross profit for the six months was ¥8,375 million, with a gross margin of 48.3%.

• Cash and deposits at Q2 end: ¥10,992 million; net assets: ¥17,052 million.

• Basic earnings per share for the period were ¥75.51, up from ¥72.12 year-over-year.

Outlook and guidance

• Q3 FY2025.4 revenue projected at ¥9,950 million (+27.8% YoY), with operating profit of ¥3,750 million and net profit of ¥2,625 million.

• Full-year forecast for FY ending April 30, 2025: net sales ¥39,000 million (+21.9% YoY), operating profit ¥14,800 million (+19.7% YoY), net profit ¥10,360 million (+18.7% YoY), EPS ¥165.88.

• No changes made to previously announced full-year guidance.

• Key Q3 initiatives include new merchandise releases, multiple live events, and expanded corporate projects.