Anycolor Forecasts First Operating Profit Decline Since Listing
The forecast marks the first time Anycolor has projected a year-over-year operating profit decline since its listing, signaling that the VTuber industry's rapid growth phase may be slowing as labor costs rise faster than revenue.
Reporting from 1 sources: GameBusiness.jp.
Anycolor, operator of the Nijisanji VTuber group, has forecast a decline in operating profit for the fiscal year ending April 2027, the first such drop since the company went public. The company cited limited sales growth relative to rising labor costs. Rival Cover, operator of Hololive Production, also posted a profit decline for its most recent fiscal year and has forecast another decline for the coming year.
Anycolor, the company behind the Nijisanji VTuber group, expects operating profit to fall for the fiscal year ending April 2027. The projected decline ranges from 0.9% at the upper end to 10.8% at the lower end. The company has never posted an operating profit decline since its listing. The forecast comes as rising labor costs outpace sales growth.
Cover, which runs the rival Hololive Production group, also saw operating profit fall for the fiscal year ending March 2026 and has forecast another decline for the fiscal year ending March 2027. The two companies dominate the VTuber management space in Japan, and their simultaneous profit warnings suggest a broader industry slowdown.
Synthesized by Yomimono from the 1 cited source below, including Japanese-language reporting where cited, then editorially reviewed before publishing.
Sources
- GameBusiness.jp ANYCOLORが転換期迎える―上場以来初の営業減益見通し、コマース鈍化と人件費増が利益を圧迫【ゲーム企業の決算を読む】