ANYCOLOR (5032) Q3 2025 earnings summary

Executive summary

• Achieved record-high quarterly and nine-month revenue and net profit, driven by strong commerce, event, and promotion performance, with all major business segments exceeding or meeting targets.

• Overcame prior challenges in the first half, such as unshipped items and event cancellations, with Q3 demand and sales surpassing expectations, especially in commerce.

• Number of VTubers increased by 6 to 165, and ANYCOLOR IDs rose 30% year-over-year to 1.55 million.

• Maintains position as Japan's largest VTuber group, leveraging a diversified ecosystem of livestreaming, commerce, events, and promotions.

Financial highlights

• Q3 FY2025.4 revenue rose 48.5% year-over-year to ¥11,564 million; nine-month net sales up 24.2% to ¥28,904.98 million.

• Operating profit for Q3 up 64.3% to ¥4,204 million; nine-month operating profit up 21.3% to ¥10,965.69 million.

• Net profit for Q3 increased 63.8% to ¥2,900 million; nine-month net profit up 20.9% to ¥7,582.25 million.

• Commerce revenue surged 66.1% year-over-year; event revenue up 92.6%; promotion and livestreaming also grew.

• Cash and cash equivalents at end of Q3 stood at ¥10,992 million, down from ¥16,291 million at FY2024.4 year-end.

Outlook and guidance

• Full-year revenue forecast revised to ¥39,000–40,700 million, up 27.2% year-over-year; operating profit forecast raised to ¥15,400 million (+24.6% YoY); net profit to ¥10,580 million (+21.2% YoY).

• Q4 FY2025.4 revenue forecasted at ¥11,800–12,800 million; operating profit expected at ¥4,400–4,900 million.

• Net profit guidance for Q4 is ¥3,000–3,350 million, up 22.1–36.4% year-over-year.

• Multiple large-scale events, new merchandise, and anniversary campaigns planned for Q4.

• Upward revision attributed to strong demand in commerce and promotion, with cost trends in line with expectations.