New Nijisanji financial presentation

[Anonymous No.]

https://www.nikkei.com/nkd/disclosure/tdnr/dpl0l2/

[Anonymous No.]

>>33161467
okay waht the fuck does metaverse even fucking mean?

[Anonymous No.]

I fucking kneel chinks. EN brings in so much more money per streamer than the JPs.

[Anonymous No.]

MERCH > SUPERCHAT copium is true
but also EN merch > JP merch

[Anonymous No.]

>>33161597
this segment is literally "it was revealed to me in a dream" tier predictions

[Anonymous No.]

>>33161637
explain, Q3 isn't even over yet so why the fuck do they have stats for Q4 and 2023?

[Anonymous No.]

>>33161551
MMO's

[Anonymous No.]

Interesting. This explains why they spam the waves. Makes me wonder how much Indie EN is making

[Anonymous No.]

>>33161597
>>33161637
I don't think this has been stressed enough, both those charts are predictions assuming that growth will continue increasing at the same rate over the past year

[Anonymous No.]

>>33161666
Japanese FY is fractured differently, but also Q1 2023 is a projection based off growth, which is full of shit because all of NijiEN is reclining at the moment

[Anonymous No.]

Huge masturbation thread for Numbers but because it's Nijisanji, it'll result in sad cum...

[Anonymous No.]

>>33161730
fractured differently in what way? doesn't it still start at april and last three months a quarter?

[Anonymous No.]

>>33161597
>>33161637
We're still in Q2 of the fiscal year, anything at Q2 and after is projections aka wishful thinking

[Anonymous No.]

>>33161730
>Lying about numbers to make themselves seem better
Nijiniggers really are the same no matter where they are

[Anonymous No.]

>>33161674
for normies

[Anonymous No.]

What is this chart saying?

[Anonymous No.]

>>33161852
Percentage of income accounted for by the top 1-10, 11-20, 21-30 and 31+ vtubers they have in their stable

[Anonymous No.]

>>33161467
I don't even what the graph is about but it's seeing "Metaverse Roblox Fortnite Minecraft" there and i'm getting irrationally angry.

[Anonymous No.]

>>33161852
Confidential at bottom left

[Anonymous No.]

>>33161799
leave the projecting to the guys making money, alright?

[Anonymous No.]

>>33161597
>Predicting EN will make that much more money in Q1 2023
This is balls to the wall batshit retarded and any investor that falls for it is fucking retarded. If anything I suspect their revenue will crater if they keep shitting out more gens at this pace.

[Anonymous No.]

>>33161597
>>33161637
wait a minute, we are not even in 2022Q3 yet, how the fuck are they getting these numbers?

[Anonymous No.]

>>33162058
it's doubly hilarious too because this is the only bit that's actually based on facts, so they are predicting an almost 200% increase based off nothing but wishful thinking and bullshit

[Anonymous No.]

>>33161597
Assuming NijEN will duplicate their profits from now is a quite hopeful asumption

[Anonymous No.]

Is EN growth really slowing down though? Someone show the numbers.

[Anonymous No.]

>>33162099
Right, I forgot Japanese still start quarters from January even when using the fiscal year, so only up to Q2 2022 is accurate, everything after is projection.

So they're magically predicting that NijiEN will jump from 6.8 million yen to 163 million in three quarters (24000% growth), lmao

[Anonymous No.]

>>33162216
Oops more like around 2400% growth, got an extra zero in there, but that is some wishful thinking with all the competition they have these days

[Anonymous No.]

>>33162129
they are definitely not growing as fast as they were back in may

[Anonymous No.]

>>33162216
actually they start their fiscal year in april, but that's besides the point. I really want to know what kind of circumstances they were predicting that would make their EN branch increase by eight times between october of 2022 and june of 2023

[Anonymous No.]

>>33162321
They start the fiscal year from April and halves start from April but Q1 is still Jan-Mar, Q2 is Apr-Jun etc, it's weird I know.

[Anonymous No.]

>>33162321
It's a ploy to gain (trick) more investors

[Anonymous No.]

>>33162216
> jump from 6.8 million yen to 163 million in three quarters
did they forgot they debuted a failure wave with not 3, not 5, but 6 person in it?
if luxiem and noctyx actually manage to reach even close to that projection number, props to them. they have to carry such a weird branch that called nijiEN.

[Anonymous No.]

>>33161467
https://ssl4.eir-parts.net/doc/5032/ir_material_for_fiscal_ym3/123645/00.pdf
EN version for you illiterates

[Anonymous No.]

>>33162058
Shitting out gens isn't even the issue, it's just people losing interest in all of the ENs, in particular Vox ruining his golden egg with the Chinese fandom

[Anonymous No.]

>>33162464
Maybe they have 1 or 2 more waves planned, and their general plan is at least one wave could recreate the Luxiem success. Iluna seems like they were hoping for a wider audience and possibly more normalfags. Plus we know they want a "gamer" wave, which probably means a lot of apex players.

Its unrealistic regardless but they are trying and failing to find a new angle.

[Anonymous No.]

>>33162321
>I really want to know what kind of circumstances they were predicting that would make their EN branch increase by eight times between october of 2022 and june of 2023
Simple, they'll debut 8 times more EN vtubers

[Anonymous No.]

>>33162321
3d streams probably, but yeah it's full of shit
>>33162464
Not Noctyx, just Alban and maybe Sonny are any successful, Well, comparatively to Luxiem and Yugo is never going to win back the JPs nor western audience so he drags them down

[Anonymous No.]

>>33161646
>>33161716
>>33161730
>>33161798
>>33161799
>>33162039
>>33162058
>>33162068
>>33162099
>>33162216
>>33162321
>>33162417
>>33162621
These are not projections, you fucking retards.

[Anonymous No.]

>>33162731
Kek

[Anonymous No.]

>>33162731
yes they literally are you retard

[Anonymous No.]

>>33162731
>iluna
>increasing merch revenue

[Anonymous No.]

>>33162778
How many vtubers are currently in Nijisanji EN? Is it 6? 10? Why don't you tell me, dumbass?

[Anonymous No.]

>>33161646
Now that you point it out, it actually is a "source: I made it up" prediction. I guess they assumed Iluna would pull in an absolute fuckton of money when making this chart and/or know it won't but want to say it will because a bunch of 50 year old investors who barely know what a vtuber is aren't gonna have their eyebrows raised by predictions of "aia will suddenly bring in 10k per stream just trust me bro."

[Anonymous No.]

>>33162830
There are 26

[Anonymous No.]

>>33161799
Send them the copium list. They really need it now.

[Anonymous No.]

>>33162731
What's interesting is if that is correct it means that within the next 4ish months, apparently there will be another JP wave but not EN, and someone's pre-planned to graduate in ID by the end of the year.

[Anonymous No.]

>>33162731
It's funny that they're projecting ID/KR members(guess they weren't really rolled into the main branch?) will graduate here.

[Anonymous No.]

>>33162838
Redirect those ojisans here! We'll show them the monthly gold and yab counter!

[Anonymous No.]

>>33162905
huh? it could be ID or KR though?

[Anonymous No.]

>>33162967
are there currently 32 ID+KR Nijis? Graduation AM*GUS?

[Anonymous No.]

>>33161467
They're claiming to have a talent retention rate of 98% but writes in a little footnote in tiny text that they basically only counted people who graduated in 2021-2022 kek

[Anonymous No.]

>>33163150
*in FY 2022 so Apr 2021 - Mar 2022, and they used numbers for JP livers only

[Anonymous No.]

>>33162068
Fiscal years are named after the year the end in. Anycolor's fiscal year starts in May. So Q1 FY2023 means May 2022 to July 2022, since the year would end in 2023.

[Anonymous No.]

I'm looking at the real numbers from Q3 and before
~10bil yen in the first 3 qtr of 2022 accounting for 67-68 million USD revenue
~3.136 bil yen operating income
~1.23 bil yen administration and sales expenses
I don't know their accounting standard. I don't think the cost to actually produce the characters (art, rig) and liver compensation (I assume they take the whole lot then pay the liver split as a salary) are able to be deduced here as we are missing a line item for profit split/liver comp which should be the vast majority of their expenses - so let's say in these 3 qtr they spent Revenue - Sales expense - operating income = roughly 6.7 billion yen in a combined bucket of liver comp, artist payments etc etc

Interestingly enough let's assume for ease that every niji liver has a 50% split with the company (platform split wouldn't even make it to revenue line) then based on the revenue we can guess approximately 5b yen spent compensating livers
super napkin math here - that means the total production of everything paid for (is this accrual or cashflow? it's horseshit accounting shoved down the throats of clueless investors so that must mean accrual) such as models, outfits, equipment, comes down to around 1.6-1.7b yen

This bucket of 1.6b will also include an unknown amount of amortization, depreciation of streaming/3D gear/rent/merch production cost. I can't tell you how they paid artists in this time period as livers debuted during this time may have been rigged and paid for before. However, given how much merch was pumped out this year, one might guess that the prod cost of their merch cannot occupy a very large proportion of their expenses, something that makes sense based on their practice of giving everybody except luxiem the same generic acrylics, which then benefits from streamlining and scale

Very very napkin math bros. Many assumptions such as livers not footing any personal cost for merch. But we know from the numbers themselves that for Q1-Q3 they operated at 12% operating margin which is within what we would consider healthy.

Accounting anons please check my napkin math it's been too many years.

[Anonymous No.]

shit this thread is more /#/ than /#/

[Anonymous No.]

by the way bros

Charts are a combination of real numbers (up to Q3 2022) and copium. This shit is what you feed to clueless investors so don't take it seriously. They will throw in buzzwords like metaverse because boomers with money don't know better. The old numbers are what you should really give a shit about.

[Anonymous No.]

>>33163487
Sadly I don't think you can just split their revenue into 50%. Such a split would only make sense for platform revenue. Merch splits could be something like 50% after cost, at best. Anycolor has broken down their income by "customer" where those customers are Google (YT), Sony Music Solutions (Niji store is run by them), Pixiv (Booth), etc in other words the people who pay them money, and the biggest segment is Sony's store service, in other words merch. You could take that breakdown and split the YT rev by 50% though.

[Anonymous No.]

12% operating margin for entertainment is above what would be considered "healthy" so good on them I guess

[Anonymous No.]

>>33161467
so anime and manga is practically a dead industry in Japan eh

[Anonymous No.]

>>33163632
Absolutely agreed there. As I said, super napkin here. I have no way of getting the actual line items unless if I dig for their public filings. This relies on a lot of very broad assumptions

[Anonymous No.]

The market seems to have reacted positively based on this forecast. If you think they are full of shit then you should short the stock as future quarters become real and they miss projections, people will reevaluate the stock lower.

[Anonymous No.]

It seems that Anycolor starts their FY in May and uses the ending year denotation for it, so FY2023 Q1 is actually May - July 2022 and the number of livers they give out matches the time periods. Lazulight also debuted on May 2021 which matches when the NijiEN revenue shows up on the chart (FY2022 Q1). The huge boost in NijiEN profits coincide with Luxiem's debut.

[Anonymous No.]

>>33163573
They're using fiscal year. Q3 2022 means Nov 2021 to Jan 2022, because a fiscal year is listed by its end date. Anything Q2 2023 is in the future, Q1 2023 already exists.
https://ssl4.eir-parts.net/doc/5032/ir_material_for_fiscal_ym3/123645/00.pdf
Their english translation agrees that this is by fiscal year not by calendar year.

[Anonymous No.]

>>33163743
>>33163782
correct, the japanese FY is done at the beginning of spring (end of our Q1)

[Anonymous No.]

>>33163743
Based on this and the other numbers we know about, ad revenue is unexpectedly a HUGE source of income for big corpo vtuber channels.

[Anonymous No.]

thanks for the correction. was working off google translate. I'll rethink tomorrow then based on the correct FY brackets

[Anonymous No.]

>>33163515
Honestly any random catalog thread is remarkably more civilized than that shitty ESL mudhut of a general. Which, props to them, is a herculean achievement on a board like this.

[Anonymous No.]

>>33163905
i think you're forgetting the /NijiEN/ and globalnigger general

[Anonymous No.]

>>33162731
Looks like iluna doesn’t have a sister wave after all

[Anonymous No.]

>>33161646
>>33162838
Anons, there's no projections here.
"Fiscal Year" starts in April. So we're currently in the 2nd quarter of Fiscal Year 2023. The first quarter has already passed.
Q1 of Fiscal year 2023 was April-July 2022. Although Nijisanji starts their fiscal years in May for some reason, so it was May-August 2022 for them.

There are no projections here. Those are the actual measured values

[Anonymous No.]

>>33163964
/nijiEN/ is /soc/ most of the time

[Anonymous No.]

>>33161646
I don't think you are understanding the charts correctly 2023 Q1 is the first quarter of the financial reporting year ending in 2023 aka this year. You see how NijiEN doesn't exist on the chart until Q1 2022 when in actual dates it launched in May 2021.

[Anonymous No.]

>>33163964
No I'm definitely taking them into account, as far as generals go /#/ is just consistently in some whole other fecal-filled dimension.

[Anonymous No.]

>>33163573
It's all real numbers.

[Anonymous No.]

>>33161666
So an increase in 747 million yen in the commerce(merchandise) section. What did NijiEN open up for sale in the span of Q4 22 and Q1 23?
747 million yen is roughly $5.2 million in current exchange rates,

[Anonymous No.]

>>33162905
>>33162967
>>33164070
What part of "These are not projections" do you troglodytes not understand? Do you actually have single-digit IQs?

[Anonymous No.]

>>33163719
That shit is reaching new high? Didn't people make fun of it nosediving out of the gate before?

[Anonymous No.]

>>33164539
I think that's when they started selling physical merch generally. December 2021
nearly the very end of FY22 Q3 is when they were first releasing physical goods I believe. Then they ramped it up more and more with seasonal goods, seasonal voice packs, birthday merch and voices, anniversary merch and so on.

[Anonymous No.]

>>33164539
Before they launched physical merch they were selling debut voice packs on the storefront which is why there is still some commerce income before then if you were confused about that. Digital goods still go in the commerce section.

[Anonymous No.]

>>33164669
>>33164792
That is however an insane ramp, there has to be something to account for that. They've basically tripled their merch net sales for EN alone in one quarter. But then again, I guess Chinese Fujos are crazy.

[Anonymous No.]

>>33164868
Q4 and Q1 were basically luxiem into noctyx for EN, no wonder it doubled. JP they increased merch and events, the merge worked really well for ex-KR and they got a decent boost out of it

[Anonymous No.]

>>33164539
>>33164868
It's probably Luxiem's half anniversary goods, plus Vox/Ike/Shu and some other people's birthdays merch, and Lazulight's 1st anniversary too I guess.

[Anonymous No.]

>>33164868
I've been ordering from their store since day 1. My order number in Jul 2021 was in the 1000s, December 5k, March 70k, May 210k.

[Anonymous No.]

>>33165034
>>33165024
I guess it's all china then.

[Anonymous No.]

>>33165116
no wonder nijiEN is so afraid of pissing off the chinks

[Anonymous No.]

>>33165116
They also sell NijiEN goods through the JP store where they tend to do well as well normally too the store ranking when they go on sale.

[Anonymous No.]

>>33165116
There's also western countries there but China, SEA, and Japan is just that crazy with merch. especially once you see the "shrines" they have of just 20-100 copies of the same merch plastered all over a room.

[Anonymous No.]

>>33165116
Well before December 2021, you could only buy like 3 voice packs for three girls I think and that was it. Like I said they didn't really start doing merch until December and then after December they kept expanding the range of merch they did.

[Anonymous No.]

>1226% rise in EN viewing hours
Chinks stronk

[Anonymous No.]

>>33165165
Meh, unless you're being dishonest everyone knows that the bulk of the NijiEN influx of fans for their boys comes from china. Any other portion is minuscule in comparison.

[Anonymous No.]

>>33165312
>$11

[Anonymous No.]

>>33165322
Really? That's interesting. I don't really care to look to stuff up but I'm genuinely surprised chinkfujos ate up the boys like that if true. Western fujos seem just as bad so I figured it was an even split with how often you hear about them spending entire wages on funding these guys and skipping meals and shit.

[Anonymous No.]

>>33165451
just look at his chatcloud anon, it's 90% chinese

[Anonymous No.]

>>33165312
>>33165378
Holo seethe in max cope mode. Take a look at your oshi’s supas next time and see how much of it is in NT. When’s cover gonna bring out their ppt about how forcing stars will improve their En viewership?

[Anonymous No.]

>>33165506
the last stream vox did looks like this

[Anonymous No.]

>>33165583
>Taiwan
>Chink/zhang
Lol. Lmao even.

[Anonymous No.]

>>33165583
Now that set you off didn't it. How are you doing Paul?

[Anonymous No.]

>>33165617
Shouldn't have called someones mother a whore.

[Anonymous No.]

>>33165583
What are you trying to say? Niji has China, Holo has Taiwan, nothing wrong with that. And yes Tempus will improve their viewership for sure considering Myth only got like 30k CCV on their anniversary, people want something new and fresh and Tempus is exactly that.

[Anonymous No.]

>>33165734
Optimism and nativity, I like it anon, you seem like a fresh face around here.

[Anonymous No.]

>>33165622
>>33165627
Keep projecting buddy, don’t pretend for one second and suddenly distinguish type of chinks and somehow position as a “chink” free alternative. DYRBI? You fags betrayed and treat kson like shit, and I’m suppose to hate Vox for shaking down China dollars on easy mode which no other country could do? You all are disingenuous, jealous or flat out lying. Rats don’t deserve respect, keep coping

[Anonymous No.]

>>33165734
>people want something new
No, they want something good, EN has stagnated in all the wrong ways

[Anonymous No.]

>>33165805
Now now, calm down. Show me on the doll where the bad holofan touched you.

[Anonymous No.]

>That entertainment factory section
Man, this is BIG, like SERIOUSLY man!

[Anonymous No.]

>>33163515
thread was spammed for the past 5 hours by some retard who got mindbroken by the Amongus sponsorship, so some of us just took refuge here until that passed.

[Anonymous No.]

>>33165583
NTA but for curiosity's sake I looked up the recent big SC streams (like anni/concert/etc) for my favorites in each branch when presumably the most fans would donate and see the percentage of SCs in NT$ or HK$.
HoloJP: ~12%
HoloEN: ~10%
HoloID: 0%
StarsJP: ~1.5%
StarsEN: ~2.5%

[Anonymous No.]

>>33165977
How many of niji and holo supas in CN? Oh I guess counting NT and HK as chink only when looking at Niji supas. Not putting words in your mouth, but that’s what a lot of OTHER people do. I’ve seen enough NT and HK dollars, and almost all of them are positive supportive messages, but pol fags will use this

[Anonymous No.]

>That page 22
Is that jab at hololive?
Isn't saying that they avoid personal drama pretty much a lie?

[Anonymous No.]

>>33163487
it's administration costs, it's a japanese company, they probably have tons of staff behind the scenes doing barely anything that need paying

[Anonymous No.]

>>33166159
Looked up Vox and he's around ~36%, and my favorite NijiEN girl is at around ~5%.
Oh, Holo definitely still has some CN support since I actually see some fans still around and a few fledgling clip channels but it's difficult to deny the huge CN fanbase for Luxiem based on the bili streams. Holo merch also doesn't ship to China and not many fans will actually make an effort to get merch they can't receive directly.

[Anonymous No.]

>>33166288
Are you referring to the Not Idol part? Probably.
Which is a bit hilarious with the current direction of the company.

[Anonymous No.]

>>33166476
Vox also gets a lot of money on bilibili but I don't have figures for those

[Anonymous No.]

>>33164551
retardbro learn to finances

[Anonymous No.]

Oh nice, they explain boxes on pages 31-32
Also lmao at them jerking off to trending on twitter

[Anonymous No.]

>>33161551
VR Chat

[Anonymous No.]

Can't wait until they release the English version of this report, as I can't read those runes for shit. Last time they did.

[Anonymous No.]

>>33161467
>5 minutes in ms paint
And holoshills were calling me a dumbass who failed /biz/niss 101. That s literally just a pretty powerpoint slide for children who don't know what's even being talked about. Look how colorful and aesthetically pleasing it is. It's all carefully put together marketing spin based on cherrypicked data to push whatever agenda they want people to sign off on. Anyone who takes it at face value, especially without an independent audit to verify the validity of any and all numbers and claims, is unironically a tard.

[Anonymous No.]

>>33168776
>without an independent audit to verify the validity of any and all numbers and claims
as a publicly traded company, all of their financial information is public

[Anonymous No.]

>>33168797
There's a difference between information being made public and actually exploring/analyzing it for discrepancies. Same with source code. Just because it's public, that doesn't mean someone's actually gone through it. I'd be more interested in an audit report than the claims of any given company, especially when worrisome claims of them pulling an IPO scam appear to have some validity due to Salome's strange engagement patterns.

[Anonymous No.]

>>33168776
Reminds me of their last slide show presentation where they had to edit the NijiEN slide which said their growth was all from North America and edited to remove that claim.

[Anonymous No.]

>>33162321

[Anonymous No.]

>>33164080
Occam's razor stands but are there any explicit indications of that being the case?

[Anonymous No.]

>>33161467
Kinda feels like one of these slides you make to include cool other brands with you to make your shareholders and management feel good.
I also do one that mentions "Big Data" and "Deep Learning", that usually increases the budget you get.

[Anonymous No.]

>>33165906
why is that retard mindbroken by it numberfriend?

[Anonymous No.]

>>33169908
>>33163743

[Anonymous No.]

>>33170193
It's the usual Luxiem sister.

[Anonymous No.]

>>33170193
NTA but they’re pissed that Luxiem didn’t get a mainstream sponsorship before HoloEN

[Anonymous No.]

the thread is fine now, come back /#/friends....