COVER Announces Q3 FY2025 Financial Results; TSE Prime Market Transition Examination Continues

2025年2月12日

COVER Corporation (カバー株式会社), operator of VTuber agency hololive Production (ホロライブプロダクション) and others, announced its financial results for the 3rd quarter of the fiscal year ending March 31, 2025 on February 11 (PST).

For the 3rd quarter of the fiscal year ending March 31, 2025 (cumulative), net sales were 28,863 million yen (up 61.1% year-on-year), operating income was 5,544 million yen (up 58.8%), ordinary income was 5,600 million yen (up 61.1%), and net income for the quarter was 3,777 million yen (up 43.9%).

In the third quarter of the fiscal year ending March 31, 2025 (actual results), net sales totaled 11,758 million yen. In particular, the “Live / Event" segment held live performances by the company’s talent, while the “Merchandising" segment’s sales composition rose to 49.4%, thanks to strong sales of merchandise such as the “hololive OFFICIAL CARD GAME". Compared to the same period of the previous year, sales increased 143.8% and 101.7%, respectively. Gross profit, operating income, and net income were 5,862 million yen, 2,171 million yen, and 1,656 million yen, respectively, all up from the same period last year.

In response to these factors, the company has revised upward its consolidated financial forecast for the fiscal year ending March 31, 2025 to 42 billion yen in net sales, 7.4 billion yen in operating income, 7.4 billion yen in ordinary income, and 5.1 billion yen in net income.

Meanwhile, the company submitted an application for change of market classification to the TSE Prime Market on September 18, 2024, (JST) and the examination is still in progress. The date of approval has not yet been determined at this time.