Debt-free Balance SheetA zero-debt balance sheet materially lowers financial risk and provides durable optionality: the company can fund IP development, events, and partnerships from equity/cash, withstand demand shocks, and seize strategic investments without dependency on external financing.
Rapid Revenue Scale And Healthy MarginsSustained multi-year revenue expansion with robust gross and operating margins indicates scalable monetization of VTuber IP, diversified monetization (merch, events, licensing), and structural demand for digital talent, supporting durable profit generation as the business grows.
Improving Cash GenerationImproved operating and free cash flow with strong conversion in FY2025 enhances the firm's capacity to reinvest in content, expand events/IP, and maintain balance-sheet flexibility, reducing reliance on external capital for growth initiatives.