ANYCOLOR (5032) Q3 2026 earnings summary

Executive summary

• Q3 FY26/4 revenue rose 35.7% year-over-year to ¥15.7 billion, with operating profit up 38.8% to ¥5.8 billion and net profit up 40.4% to ¥4.1 billion, driven by strong commerce and event segments.

• Net sales for the nine months ended January 31, 2026, rose 45.4% year-over-year to ¥42,020 million, with operating profit up 54.2% to ¥16,909 million and net profit up 55.5% to ¥11,793 million.

• Growth was driven by strong performance in commerce and events, especially from large-scale VTuber initiatives and merchandise sales.

• The VTuber roster increased by 7 to 172, and registered user IDs grew 25.5% year-over-year to 1,944,000.

• Commerce outperformed expectations due to deferred sales and successful major initiatives; event revenue exceeded outlook with strong online ticket sales.

Financial highlights

• Q3 operating margin was 37.2%, up 0.8pt year-over-year; net margin was 25.9%, up 0.9pt.

• Gross profit for the nine months was ¥20,010 million, up from ¥13,513 million year-over-year.

• Basic earnings per share increased to ¥193.03 from ¥122.58 year-over-year.

• Total assets grew to ¥36,387 million from ¥29,143 million as of April 30, 2025.

• Equity ratio improved to 79.2% from 75.4% at the previous fiscal year-end.

Outlook and guidance

• Q4 revenue forecast is ¥12.7 billion, down 9% year-over-year; operating profit expected at ¥2.9 billion, net profit at ¥2.2 billion, reflecting further inventory valuation losses and bonuses.

• Full-year FY26/4 revenue forecast revised upward to ¥54.7–55.6 billion, but profit forecasts lowered due to higher costs.

• Operating profit is projected at ¥19,824–¥20,359 million, up 21.8–25.1% year-over-year.

• Net profit is expected to be ¥14,015–¥14,387 million, up 21.8–25.0% year-over-year.

• Dividend forecast for FY26/4 is ¥75 per share, with a payout ratio target of 30%+.