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Moi Reports Profit Plunge After Paying ¥160 Million Music Copyright Settlement

The streaming platform saw higher sales across key areas but faces profit pressure in the coming year
Japan
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Moi Corporation reported an 85.7% drop in net profit for the fiscal year ended January 2025, despite growth in overall sales and operating income. The Tokyo-based streaming platform operator recorded a special loss of ¥160 million ($1.08 million) to resolve discrepancies in music royalty reporting for its “TwitCas” service.

Annual revenue rose 2.5% to ¥6.59 billion ($44.48 million), while operating profit increased 63% to ¥232 million ($1.57 million). The company attributed its sales growth to stronger-than-expected performance across point sales, premium streaming, and membership services.

Moi enhanced user engagement through seasonal events, character collaborations, and the introduction of a new mascot named “Sonohigurashi.” The company also expanded its platform capabilities with features including real-time voice transcription and smartphone-based 3D avatar streaming.

Looking ahead, Moi forecasts essentially flat revenue of ¥6.61 billion for fiscal 2026, with operating profit expected to drop by half to ¥115 million. The company declined to provide net income guidance, citing difficulties in reasonably estimating recoverable deferred tax assets.

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