Cover Corp is spending an ever increasing amount of revenue on everything but the VTubers. Gains in their quarterly reports seem to reflect Cover hiring more VTubers rather than pay increases.
This document contains a series of questions and answers from a shareholder meeting. The content is translated from Japanese to English below. This translation was made possible through Google's Gemini AI and should be taken "as-is." Any errors in translation are not the fault of Marko Yamashita, his channel or his entity on any social media platforms. To Our Shareholders, Subject: Transcript - Q&A from the 9th Ordinary General Meeting of Shareholders August 12, 2025 We would like to express our sincere gratitude for your continued support. We would like to report on the summary of the Q&A session and the answers to questions submitted in advance at the 9th Ordinary General Meeting of Shareholders as follows. 1. Answers to Questions Submitted in Advance Question 1: Regarding "partial revision of the articles of incorporation," please explain the benefits of adding "production of record masters and music recordings" to the articles of incorpor...
AnyColor Inc and Cover corporation display their talent payment in significantly different ways. Most confusion comes from these datasets. Page 51 of their FY26 Q2 report directly explains direct variable cost is explicitly tagged as: Includes fees paid to VTuber, various platform fee, and cost of merchandise and event related sales. Side note, this is poorly translated in my opinion since the terminology can be plainly translated to: 1. Google Translate: This includes compensation paid to VTubers, fees to various platforms, and manufacturing costs related to merchandise and events. 2. DeepL: (Casual) Payments to VTubers, fees to various platforms, and manufacturing costs for goods and events 3. DeepL (formal) Remuneration paid to VTubers, fees charged by various platforms, and manufacturing costs associated with merchandise and events (Japanese version of the same page) Page 53 mirrors that number when breaking down the allotment of Cost of Goods and Sales as well as ...
Click Here for Part 2 67 Question Regarding the advance investments for the fiscal year ending March 2026, I have a question. Considering the market environment up to now, it seems possible to balance growth investments while securing profit growth. Could you please explain the reason for deciding to make large-scale advance investments at this timing, even if it pressures profits this period? Answer For this period, we are prioritizing the implementation of strategic and agile investments in areas directly linked to future revenue expansion and establishing competitive advantages. At the same time, it is a fact that with the rapid expansion of our organizational structure, we are seeing a decline in cost efficiency in some areas. From this fiscal year onward, under the new management system, we plan to improve efficiency through structural reforms while steadily recovering the results of investments over the medium-term horizon....
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