COVER Corporation

COVER Corporation

1,590.00
JPY
-35.00
(-2.15%)
87.71BMarket Cap
Nov 11Next Earn
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
93.66
229.16
342.81
493.52
692.51
751.56
- -
Basic EPS, GAAP
19.97
20.87
42.04
67.68
88.7
45.95
- -
Free Cash Flow per Basic Share
19.5
51.21
41.97
17.49
44.84
71.13
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
36.2
56.56
114.6
182.28
258.11
304.05
- -
Tangible Book Value per Share
35.79
53.32
97.18
142.22
196.04
273.62
- -
Basic Weighted Avg Shares
61
60
60
61
63
66
65
Sales/Revenue/Turnover
5,725
13,664
20,451
30,166
43,401
49,330
- -
Operating Margin (%)
29.67
13.58
16.71
18.36
18.44
14.31
- -
Depreciation Expense
32
99
112
476
958
1,517
- -
Net Income, GAAP
1,221
1,244
2,508
4,137
5,559
3,016
- -
Effective Tax Rate (%)
27.61
24.17
25.18
27.68
25.35
20.96
- -
Profit Margin (%)
21.32
9.11
12.26
13.71
12.81
6.11
- -
Working Capital
1,772
2,430
2,902
4,190
7,744
11,195
- -
LT Debt
- -
- -
- -
- -
- -
- -
- -
Total Equity
2,213
3,457
7,005
11,142
16,945
19,961
- -
Return on Invested Capital (%)
- -
43.71
44.45
39.83
38.31
27.57
- -
Return on Capital (%)
- -
43.89
47.94
45.59
39.58
16.34
- -
Return on Common Equity (%)
- -
43.89
47.94
45.59
39.58
16.34
- -

Capital Structure

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
66
66
64
Market Capitalization
119,877
87,708
87,429

Working Capital

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
Total Current Assets
22,278
25,108
- -
Cash, Cash Equivalents & STI
13,056
16,008
- -
Accounts Receivable, Net
4,238
5,890
- -
Inventories
2,568
958
- -
Total Current Liabilities
13,107
13,913
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
57.56%
17.8%
Free Cash Flow
- -
61.99%
66.16%
Net Income, GAAP
- -
31.41%
-45.75%
Sales/Revenue/Turnover
- -
58.68%
13.66%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
43,401
2026
- -
- -
- -
- -
49,330
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
88.7
2026
- -
- -
- -
- -
45.95
2027
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Motoaki Tanigo
Full Time Employees
735
Sector
Consumer services
Industry
Movies/Entertainment
Address
Tokyo Mita Garden Tower Tokyo TY Japan 108-0073
IPO Date
Mar 27, 2023
Business
COVER Corporation (TSE:5253) operates as a Japan-based entertainment company focused on virtual YouTuber (VTuber) production, virtual platforms, and media mix strategies; it develops and manages VTuber intellectual property through motion capture technology and anime-style avatars, primarily via its hololive production agency. The company offers core services including VTuber talent management and content distribution through video and music streaming platforms; media mix initiatives encompassing merchandise planning and sales, licensing, tie-ins, comics, animation, and other derivative content; and metaverse development centered on Holoearth, a sandbox game enabling user interactions in virtual spaces. Additional products feature brand-specific VTuber groups such as hololive (female), HOLOSTARS (male), hololive Indonesia, hololive English, and HOLOSTARS English; a music label INNK Music; an official online shop hololive production OFFICIAL SHOP; and media projects like hololive Alternative. Founded on June 13, 2016 by Motoaki Tanigo and headquartered at Tokyo Mita Garden Tower in Minato-ku, Tokyo, COVER Corporation employs 679 people and targets global audiences in the digital entertainment sector with operations spanning Japan, Indonesia, English-speaking countries, and Korea through collaborations. Recent developments include the launch of a new logistics hub center in June 2025 to enhance distribution; the establishment of its first overseas subsidiary COVER USA for global expansion and localization; the opening of COVERedge, an official owned media platform; a collaboration cafe with ANIPLUS in Korea in April 2024; and ongoing investments in anti-defamation measures, studio enhancements, and responses to talent graduations such as Gawr Gura, Nanashi Mumei, and others in 2025.