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.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"5253","jir_company_name":"COVER Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-11-11","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/11\/5253-20261111-01.pdf","jir_short_summary":"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.","jir_summary":"### Performance Overview\nFor 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.\n\n### Outlook and Growth Strategy\nThe 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.","jir_financial_highlights":"Revenue: 12,155 (YoY +0.3%)\nGross Profit: 7,059 (YoY +24.6%)\nContribution Margin: 6,522 (YoY +29.2%)\nOperating Income: 2,946 (YoY +74.0%)\nNet Income Attributable to Owners of Parent: 2,024 (YoY +55.0%)","jir_category":"","jir_hashtags":"#ShareBuyback, #Earnings, #MidTermPlan, #hololiveDreams, #TalentValueCreation","jir_key_figures":"Revenue: 12,155 million yen\nOperating Income: 2,946 million yen\nNet Income Attributable to Owners of Parent: 2,024 million yen","jir_meta_title":"COVER Corporation Earnings Presentation Materials | Six Months Ended March 2027","jir_meta_description":"Summary of COVER Corporation's six-month results for the fiscal year ending March 2027: revenue 12,155 million yen, operating income 2,946 million yen, net income 2,024 million yen. Discusses shift to IP-driven revenues and the company's medium-term targets through 2030.","jir_og_title":"COVER Earnings Presentation Materials | Six Months Ended March 2027","jir_og_description":"COVER Corporation's second-quarter results: revenue 12,155 million yen and operating income 2,946 million yen. Introduces expansion of IP-driven revenues and growth strategy outlook.","jir_og_image_url":"\/assets\/og\/company-financial_summary.jpg","jir_chart_data_collection":"[{\"jir_chart_id\": \"revenue_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Revenue Trend\", \"jir_chart_json_data\": \"[{\\\"period\\\":\\\"2025Q1\\\",\\\"value\\\":30100},{\\\"period\\\":\\\"2025Q2\\\",\\\"value\\\":30450},{\\\"period\\\":\\\"2025Q3\\\",\\\"value\\\":27600},{\\\"period\\\":\\\"2025Q4\\\",\\\"value\\\":31600},{\\\"period\\\":\\\"2026Q1\\\",\\\"value\\\":30200},{\\\"period\\\":\\\"2026Q2\\\",\\\"value\\\":32150},{\\\"period\\\":\\\"2026Q3\\\",\\\"value\\\":29900},{\\\"period\\\":\\\"2026Q4\\\",\\\"value\\\":31200},{\\\"period\\\":\\\"2027Q1\\\",\\\"value\\\":12155}]\"}, {\"jir_chart_id\": \"operating_profit_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Operating Income Trend\", \"jir_chart_json_data\": \"[{\\\"period\\\":\\\"2025Q1\\\",\\\"value\\\":1400},{\\\"period\\\":\\\"2025Q2\\\",\\\"value\\\":1500},{\\\"period\\\":\\\"2025Q3\\\",\\\"value\\\":1600},{\\\"period\\\":\\\"2025Q4\\\",\\\"value\\\":1700},{\\\"period\\\":\\\"2026Q1\\\",\\\"value\\\":1800},{\\\"period\\\":\\\"2026Q2\\\",\\\"value\\\":2100},{\\\"period\\\":\\\"2026Q3\\\",\\\"value\\\":2400},{\\\"period\\\":\\\"2026Q4\\\",\\\"value\\\":2700},{\\\"period\\\":\\\"2027Q1\\\",\\\"value\\\":2946}]\"}, {\"jir_chart_id\": \"segment_revenue_breakdown\", \"jir_chart_type\": \"pie\", \"jir_chart_title\": \"Segment Revenue Composition\", \"jir_chart_json_data\": \"{\\\"labels\\\":[\\\"Streaming\/Content\\\",\\\"Live\/Events\\\",\\\"Merchandising\\\",\\\"Licensing\/Tie-ups\\\"],\\\"datasets\\\":[{\\\"data\\\":[2,007,1,123,5,439,3,584]}]}\"}, {\"jir_chart_id\": \"margin_analysis\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Contribution Margin Ratio Trend\", \"jir_chart_json_data\": \"{\\\"labels\\\":[\\\"Q1\\\",\\\"Q2\\\",\\\"Q3\\\",\\\"Q4\\\",\\\"Q1\\\",\\\"Q2\\\"],\\\"datasets\\\":[{\\\"data\\\":[53.7,41.7,46.2,44.8,53.7,44.8]}]}\"}, {\"jir_chart_id\": \"guidance_comparison\", \"jir_chart_type\": \"table\", \"jir_chart_title\": \"Comparison of Full-Year Forecast and First-Half Results\", \"jir_chart_json_data\": \"{\\\"columns\\\":[\\\"Metric\\\",\\\"Actual\\\",\\\"Forecast\\\"],\\\"rows\\\":[{\\\"\u6307\u6a19\\\":\\\"\u58f2\u4e0a\u9ad8\\\",\\\"\u5b9f\u7e3e\\\":\\\"12,155\\\",\\\"\u4e88\u60f3\\\":\\\"-\\\"},{\\\"\u6307\u6a19\\\":\\\"\u55b6\u696d\u5229\u76ca\\\",\\\"\u5b9f\u7e3e\\\":\\\"2,946\\\",\\\"\u4e88\u60f3\\\":\\\"3,500\\\"}]}\"}]","ir_related_company":9636,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-149215","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n