Moi Corporation, the operator of the “TwitCasting” platform, has released its financial results for the first quarter of the fiscal year ending January 2025. The company reported a decrease in sales revenue and operating profit compared to the same period last year, primarily due to a decline in point sales. However, revenue exceeded internal projections thanks to growth in membership sales.
For the quarter, Moi recorded sales of 1.577 billion yen, a 1.7% decrease year-on-year. Operating profit fell by 6.1% to 45 million yen, and ordinary profit dropped by 4.9% to 48 million yen. Despite these declines, net profit rose by 5.9% to 44 million yen.
Moi engaged users with several initiatives, including a collaboration event with “Sergeant Keroro” to mark the 20th anniversary of the TV anime. This event featured a six-day marathon of all 358 episodes, simultaneous broadcasting of the theatrical anime in Japan and Korea, and special “Sergeant Keroro” stamps for TwitCasting.
To expand its platform, Moi introduced new features for its subscription-based service “Membership,” such as birthday messages from broadcasters and exclusive stamps. The company also debuted a new Vsinger from its music label, Moi Records, and enhanced the “Baton” function to facilitate easier relay of live broadcasts.
Despite efforts to boost engagement, the monthly average of paying users (PU) for TwitCasting fell by 4.5% to 73,000, and point sales revenue dropped by 4.8% to 1.426 billion yen.
Moi maintains its full-year earnings forecast for the fiscal year ending January 2025, projecting sales of 6.251 billion yen (down 2.8% from the previous period), operating profit of 72 million yen (down 49.4%), and ordinary profit of 85 million yen (down 45.5%).
