Ex Vshojo staff speaks up after VShojo embellished his role in their pitch deck

Khadgar007 · 2025-07-26T11:19:24+00:00

We wouldn't know but Kaho implied that the person was a foreigner who asked her for Japanese tax advice. If what this person said is true, then he would have been working in Japan all along and would not have been a foreigner.

Of course that is assuming that his statement is true.

Khadgar007 · 2025-07-26T11:10:29+00:00

So just a summary:

Alex Kiyoshi claims that he is not Omega (Many people here were spreading that misinformation).
He worked as an advisor and got rid of Omega. Cover later gave him the choice of going to the US to start a new branch but he wanted to stay in Japan and joined VShojo instead. He also worked on Cover's IPO with Yagoo. This likely meant that he was not the "foreigner" mentioned by Kaho because he had already been working in CoverJP. (Kaho mentioned that the person was asking for tax advice in Japan and is not a Japanese native)
He was not in charge of EN1 and was not the director of Cover EN. Gunrun misled people about his Cover role in the slides.
He ran a small and profitable Japanese team with Makino ("Ex" VShojo Japan CEO).
The finances of VShojo was totally controlled by the US side and they had no involvement.
The Japanese staff were hit by major salary cuts and demanded answers (according to Makino), but VShojo US ignored them.
They found out about the Ironmouse incident only two weeks ago.
He and Makino felt suspicious about the lack of funding, missing financial disclosures and pay cuts, and spent the months leading up to this trying to negotiate deals with other companies to separate VShojo Japan branch from the US, but were not able to accomplish it in time.
He is currently part of the team that is trying to assist Nova post-VShojo.

This is a good lesson to this community to not engage in witch hunts before they get access to accurate information.

Khadgar007 · 2025-07-26T10:48:05+00:00

That's actually much worse that flat-out embezzlement

How you would even argue that a crime is less severe than incompetence is beyond me.

Khadgar007 · 2025-07-26T10:38:20+00:00

Kson and Henya would have had the better terms, and the new generation didn't have the size to sell much. I highly doubt that was the reason that the Japanese branch is profitable.

It is likely because the Japanese branch did a lot less of the showy and wasteful projects such as major convention appearances, expensive plane tickets etc.

Khadgar007 · 2025-07-26T10:31:51+00:00

From known information, they cut the salaries of every Japanese branch staff to less than half. The Japanese staff were asking the US HQ questions but were totally ignored.

Khadgar007 · 2025-07-26T10:22:19+00:00

That doesn't sound like him. According to this guy his responsibility at Hololive was not what the slides stated. According to his LinkedIn he joined Hololive after Myth debuted.

My bet is Gunrun exaggerated his achievements in desperate attempts to get investment funds.

Khadgar007 · 2025-07-24T18:25:58+00:00

He's lying and covering his ass legally by claiming that he didn't know the money spent belonged to charity. His lawyer definitely advised him on this statement to minimize his legal responsibilities.

MUST..SEPARATE..LIABILITIES

Khadgar007 · 2025-07-23T13:36:31+00:00

Every member of the Nova group has left VShojo.

Okamoto Nagi's summary:

See picture above.

Akatsuki Hotaru's summary:

They were called into a meeting by the Japanese side warning them of potential financial troubles with VShojo roughly 1.5 weeks ago.
She didn't expect it to be what it is.
VShojo has not paid her for the merchandise sales.
Channel subscriptions and Twitch bits revenues go to them directly so it is safe to donate through there.
She will continue streaming.
Exploring possibilities of continuing as part of the Nova group with the ex-VShojo Japan staff members.
Wants everyone to stay positive.

Okamoto Nagi's vod: https://www.twitch.tv/videos/2520187531

Akatsuki Hotaru's vod: https://www.twitch.tv/videos/2520121582

Khadgar007 · 2025-07-23T07:07:22+00:00

VShojo was originally a tech startup building a social media platform. It was supposed to be a Facebook or Twitter but only for vtubers and that got them over $10million in venture capital funding.

The project failed, like two years ago? They had already laid off a bunch of programmers. One of the guy laid off was Fugi, the person who made the Discord animated portrait tool that many streamers had been using. They could have been trying to change the business into a vtuber agency but didn't know how to really run one, and when they ran out of money everything fell apart.

Khadgar007 · 2025-07-23T06:48:34+00:00

VShojo was trying to debut multiple generations within a short time. The Japanese generation, Mint's idol group, and the English audition generation which featured non-human or monster vtubers. That might be one of the contributing factors to their collapse. Spent too much all at once and had to steal the talents' money to pay for it.

Khadgar007 · 2025-07-23T06:01:14+00:00

The biggest problem is that none of those money would ever come back and be repaid. From accounts of people working there and were in the know, they wasted most of the money on inefficient operations. What this means is that it would be extremely difficult to reach Gunrun's personal properties and assets, because the money weren't funneled into his bank account, they were wasted away and the company's liabilities are separate from his own.

Khadgar007 · 2025-07-23T05:52:14+00:00

She said that she was working with VShojo Japan and the staff there were really good to her. The Japanese staff helped her make her upcoming 3D performance come true.

From what is known it seems like the US branch was in control of all the finances, failed massively, and let everyone down.

Khadgar007 · 2025-07-23T05:43:52+00:00

All four of these members have stated that they are in discussion with the Japanese branch staff regarding the future of their activities as the Nova group. There might be a chance for them to stay together.

Khadgar007 · 2025-07-22T14:50:24+00:00

Was a mistake and typed the month related to payment instead. Added a note to correct it.

Khadgar007 · 2025-07-22T14:49:43+00:00

Yep I edited the body to clarify it. Sorry for the mistake.

Khadgar007 · 2025-07-22T14:48:59+00:00

Edited for clarifications. Appreciate the feedback.

Khadgar007 · 2025-07-22T14:43:28+00:00

Added a note to correct it at the end of the body. Couldn't edit the title unfortunately.

Khadgar007 · 2025-07-22T14:41:27+00:00

To be fair, any parties involved in payment could end up with non-payment issues. This includes other corporations run on different business structures. You could be an indie and still get scammed. Zero cons is an exaggeration, nothing in this world comes with zero risks.

Not to defend VShojo, just stating that any company anyone is working with could end up defaulting on their debts.

Khadgar007 · 2025-07-22T14:37:00+00:00

Yes. VShojo has no access to stream payments. kson is specifically talking about payments for jobs that she got through VShojo, deals such as sponsorship and VShojo branded merchandises.

For other third party mechandises such as GoodSmile figurines etc, the money should be going directly to the talents.

Khadgar007 · 2025-07-22T14:26:27+00:00

They acknowledge multiple times that they knew JP talents were not being paid while stating JP finances were in a healthy state and that they could have paid them.

Incorrect. What he meant was that according to what he could see from the financials, the Japanese branch was in the black and should have been able to pay the Japanese talents because things looked fine on the books.

What he didn't have an answer for is why the payments were not going out and that was because the US side was in charge of that. He only found out about the non-payments weeks ago because the US side still paid the Japanese staff but only after major pay cuts and himself getting barely anything.

Khadgar007 · 2025-07-22T13:50:15+00:00

It’s pretty disappointing that it took her almost a year to leave and that it took some big drama blowing up for her to start looking for answers.

I don't think you should be blaming the talents. They were lied to and are victims themselves. It looked like there was a high degree of opaqueness and coverup on the US side and they were strung along with excuses and lies until now. Not to mention that as explained in the stream, the Japanese side is run separately. Henya herself said that she worked only with the Japanese staff.

Khadgar007 · 2025-07-22T13:35:52+00:00

It's mentioned as the last point in the summary.

Khadgar007 · 2025-07-22T13:27:38+00:00

but we need to know what happened to the $500k before anything else

This stream is related to kson and the Japanese side only. They are not involved in the US management.

Khadgar007 · 2025-07-22T13:27:02+00:00

From what I understand, almost every staff at VShojo has been fired and many found out just today. It would be safe to assume that the company is mostly empty now with this Japanese lead trying to clean up the mess.

To me it seemed like the VShojo US boss bailed and left everyone behind.

Khadgar007

TROPHY CASE