/vt/ - Virtual Youtubers

>>73186762
>so if merch is started to be delivered in Q4 but not considered fulfilled until Q1, all of the merch transactions can technically be included in the Q4 reports.
Everything you said might be used to save the general perception of their HQ revenue for Q4 but it will do fuck all to solve "the elephant in the room"
>to borrow Selen favorite expression
which is their inability to expand beyond the confines of their local market.
It wouldn't matter if they "spirit bomb" their Q4 with all of the unfilfilled sales from Q2 and Q3 plus borrowing the revenue for Q1 2025 and putting it in the books if
>pic related, from https://ssl4.eir-parts.net/doc/5032/ir_material_for_fiscal_ym3/152506/00.pdf
their NijiEN TOTAL revenue is smaller than the NijiJP livestreaming revenue for Q4.

Can you imagine trying to justify that?
>the WHOLE revenue of the foreign branch, saddled with a massive administrative cost AND a huge reputational risk is smaller than what the local branch fetches IN DONATIONS AND ADS ALONE
I say this whole salvage operation of giving NijiEN outfits and 3D is a salvage operation and if it doesn't succeed it's a straight ticket to MERGE TOWN