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Operates Nijisanji, a leading VTuber (virtual YouTuber) talent agency producing livestream entertainment content.
Operates Nijisanji, a leading VTuber (virtual YouTuber) talent agency producing livestream entertainment content.
Fans pay in several ways: tips and memberships on YouTube, merchandise, voice packs and event tickets, with takings shared between the agency and the streamers, so its income depends on the combined popularity of a large roster rather than on any one performer.
In one line: A Japanese virtual-idol talent agency, unlike anything in the US market.
Moat: narrow (brand, network effects, IP / patents). Large roster of popular VTuber IP with fan network effects hard for new entrants to replicate.
Headquarters: Tokyo, Japan · Founded: 2017 · Employees: 677
Size ANYCOLOR (5032.T) is a Japan Communication Services company (Advertising/Marketing Services) with a market value of $1.23B, the 646th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,180 on 6 Nov 2026.
Performance Over six months the shares gained 15.6%, against -11.5% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 10.4% over the last twelve months (peer median +10.0%); the operating margin is 34.6% (peer median 0.6%).
Valuation It trades at 12.2× forward earnings against a peer median of 24.2× (4th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +49%, so the hurdle is -58 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 136.1 points above its cost of capital (5.8% WACC).
Next results Next results expected around 10 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥56.5B | ¥55.7B | ¥42.9B | ¥32.0B | ¥25.3B |
| Revenue growth | — | +30% | +34% | +26% | — |
| Gross profit | ¥24.3B | ¥24.9B | ¥20.0B | ¥15.1B | ¥11.6B |
| EBITDA | ¥20.1B | ¥20.7B | ¥16.6B | ¥12.5B | ¥9.55B |
| Net income | ¥13.6B | ¥14.1B | ¥11.5B | ¥8.73B | ¥6.70B |
| Free cash flow | n/a | ¥15.5B | ¥9.02B | ¥6.55B | ¥6.65B |
| Capital expenditure | n/a | ¥222M | ¥2.27B | ¥410M | ¥103M |
| Total debt | ¥0 | ¥0 | ¥45.0M | ¥156M | ¥316M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| ANYCOLOR 5032.T | $1.23B | +16% | +10% | 35% | 12.2× | -8.9% |
| COVER 5253.T | $633M | +11% | +4% | 14% | 13.6× | 11.4% |
| Kadokawa 9468.T | $3.02B | -2% | +3% | 2% | 101.9× | 25.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 5032.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.1% | +1.6% | 8th highest of 21 |
| 6-month return | +15.6% | -11.5% | 2nd highest of 21 |
| Distance from 52-week high | -53.2% | -37.5% | 4th lowest of 21 |
| Revenue growth (TTM) | +10.4% | +10.0% | 11th highest of 21 |
| Operating margin | 34.6% | 0.6% | highest of 20 |
| Forward P/E | 12.2× | 24.2× | 4th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | -8.9% | 16.6% | 3rd least demanding of 12 |
| Growth delivered (Del g) | +48.8% | +5.5% | highest of 12 |
| Hurdle (Req g minus delivered) | -57.7 pp | -7.2 pp | least demanding of 12 |
| ROIC minus cost of capital | +136.1 pp | -5.6 pp | highest of 20 |
| EV / EBITDA | 8.7× | 13.2× | 3rd cheapest of 6 |
| Net debt / EBITDA | -1.0× | -0.5× | 2nd least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ANYCOLOR 5032.T | Japan | $1.23B | +16% | +10% | 35% | 12.2× | -8.9% | +48.8% |
| Sunwave Communications 002115.SZ | China | $1.21B | -35% | +102% | 1% | n/a | 26.1% | +6.5% |
| CheilWorldwide 030000.KS | South Korea | $1.26B | -2% | -4% | 7% | 10.8× | -17.6% | +10.6% |
| QuinStreet QNST | United States | $1.18B | +58% | +18% | 3% | 12.3× | 9.8% | +17.5% |
| Three's Company Future Technology 605168.SS | China | $1.32B | -12% | +11% | 6% | 35.4× | 33.3% | +5.5% |
| InMyShow Digital Technology (Group) 600556.SS | China | $1.33B | -17% | +25% | -2% | 492.0× | n/a | n/a |
| New Guomai Digital Culture 600640.SS | China | $1.35B | -8% | -11% | -2% | n/a | 57.0% | -16.4% |
| Sharplink SBET | United States | $1.36B | -16% | +1,497% | -19% | 80.5× | n/a | n/a |
| Trump Media & Technology DJT | United States | $1.11B | -55% | +22% | -4,052% | n/a | n/a | n/a |
| Hunan TV & Broadcast Intermediary 000917.SZ | China | $1.43B | -23% | -2% | 3% | n/a | 17.1% | -6.1% |
| Marketingforce Management 2556.HK | Hong Kong | $1.53B | +10% | +128% | 6% | 24.2× | 16.6% | +38.8% |
| China Tourism And Culture Investment 600358.SS | China | $911M | -11% | +125% | n/a | n/a | n/a | n/a |
| Guangdong Advertising 002400.SZ | China | $1.72B | -27% | +11% | 0% | n/a | n/a | n/a |
| Inly Media 603598.SS | China | $865M | +4% | +9% | 0% | 79.8× | n/a | n/a |
| Guangdong Yowant Technology 002291.SZ | China | $786M | -15% | -22% | -15% | 40.6× | 36.3% | +9.0% |
| Guangdong Guangzhou Daily Media 002181.SZ | China | $1.96B | -32% | 0% | -6% | n/a | n/a | n/a |
| Hubei Century Network Technology 300494.SZ | China | $766M | -5% | -7% | -6% | n/a | n/a | n/a |
| Havas HAVAS.AS | Netherlands | $1.99B | +10% | +1% | 9% | 8.2× | -8.4% | +1.8% |
| Criteo CRTO | United States | $756M | -6% | -7% | 8% | 4.1× | -19.8% | -1.3% |
| Apg Sga APGN.SW | Switzerland | $745M | +13% | +5% | 10% | 18.7× | -2.7% | +4.5% |
| Lecron Industrial Development 300343.SZ | China | $738M | -29% | +46% | 1% | n/a | n/a | n/a |