COVER Corporation

5253.T
Software - Application
2026/11/11 12:12 Updated
Market Cap: $628.1M (¥99.5B)
Stock Price: $9.85 (¥1,561)
Exchange Rate: 1 USD = ¥158.48

Earnings Presentation Materials

For the six months ended March 2027, revenue expanded to 12,155 million yen (YoY +0.3%), operating income to 2,946 million yen (+74.0%), etc. The company is progressing a shift to an IP-driven revenue structure, improving contribution margin to 53.7%. Full-year forecasts are unchanged while impacts on the second half are being reviewed. Growth initiatives include new units and the streaming app "hololive raku." The medium-term target is set at revenue of 100 billion yen and operating income of at least 25 billion yen for the fiscal year ending March 2030.

Importance:
Page Updated: November 11, 2026
IR Disclosure Date: November 11, 2026

Key Figures

  • Revenue: 12,155 million yen
  • Operating Income: 2,946 million yen
  • Net Income Attributable to Owners of Parent: 2,024 million yen

AI要約

Performance Overview

For the six months ended March 2027, revenue reached 12,155 million yen (YoY +0.3%), gross profit 7,059 million yen (+24.6%), and contribution margin 6,522 million yen (+29.2%). Operating income was 2,946 million yen (+74.0%) and net income attributable to owners of parent was 2,024 million yen (+55.0%), marking substantial growth. First-half results achieved 102.8% of the revised first-half forecast, and full-year forecasts remain unchanged. Expansion of game-related revenues and an improved sales mix led to an improvement in contribution margin ratio.

Outlook and Growth Strategy

The shift to an IP-centric revenue structure is progressing. The company aims for long-term growth through expansion of licensing/ tie-up revenues such as hololive Dreams, launches of TCG and new game titles, and strengthening overseas expansion. The medium- to long-term roadmap targets revenue of 100 billion yen and operating income of at least 25 billion yen for the fiscal year ending March 2030, with a policy to concentrate capital investment on talent value creation.

Contribution Margin Ratio Trend

Comparison of Full-Year Forecast and First-Half Results

Metric Actual Forecast
売上高 12,155 -
営業利益 2,946 3,500
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COVER Corporation

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