So I read into the machine translated version of the statement Cover put out today, and these are some of the more interesting parts for me.
- Looks like they plan on diversifying the busness and they want to stop to be so reliable on Youtube as a platform (probably why the are also (very slowly) developing HoloAlternative or whatever their Metaverse kind of stuff is called.
- They are also aware of the importance of Overseas markets and want to further diversify into new Overseas markets (new Branches possibly? ES is ripe for the taking after WACTOR went belly-up)) and they are aware that they need to need to further improve their logistics into the existing reaches they have. They currently have several local external "experts" on the field that should arrange that for them (I dont really trust contracted experts to ever really do anything but pocket money, but I can see why a japanese company hired them)
- Cover is aware that the overall Vtubing market is experiencing a downturn and, while still growing, its growing at a slower pace. Instead of doubling down the efforts on the Markets they have already secured, the strategy seems to be to broaden themselves to as many markets as possible. Reads like a more risky move on their part, but I appreciate that, especially coming from a japanese company, who are usually very risk-averse. It shows that the company is aware that they cant just continue relying on what they already have and its smooth sailing, but they actively have to conquer new markets.
- They seem to want to grant the talents more talent freedom talentfreedom, and want that to give their talents more possibilities to realise their own projects, if they want to some.
- To have maximal ROI on the new Studio, which will be one of the largest of its kind in Japan, they plan on also renting it out to 3rd Parties.
If anyone wants to correct me (I'm really just a dude, I have no professional back ground on reading finance reports and such), or is interested themselves, I attached the full DeepL translated document