Silver Link business profile: revenue, losses, and ownership
Silver Link has grown its top line while struggling to stay profitable. Its financials illustrate the pressure between higher revenue and rising production costs.
Published: 2026-08-19. Updated: 2026-08-19.
Short answer: Silver Link is an anime production company founded in 2007 and based in the Tokyo area. It is a subsidiary of Asahi Broadcasting Group Holdings. For the fiscal year ended March 2026, Silver Link reported net sales of ¥22.36 billion, up 32.1 percent year on year, and an operating loss of ¥271 million. The result marked the studio's third consecutive annual loss, with a final net loss of ¥206 million and debt exceeding equity by ¥1.364 billion.
What Silver Link is and who owns it
Silver Link, Inc. is a Japanese animation studio founded in 2007. It is headquartered in Mitaka, Tokyo, and is known for adaptations such as WataMote, Kokoro Connect, Strike the Blood, Hokkaido Gals Are Super Adorable!, and the Non Non Biyori series. The studio produces television anime, OVAs, and films, often working on manga and light novel adaptations.
Silver Link is a subsidiary of Asahi Broadcasting Group Holdings Co., Ltd., a listed broadcaster in Osaka. Asahi Broadcasting Group discloses Silver Link's results as part of its consolidated entertainment segment. The studio does not publish standalone English investor materials.
Silver Link's latest financial results
For the fiscal year ended March 2026, Silver Link reported net sales of ¥22.36 billion, a 32.1 percent increase from the prior year. Operating loss came to ¥271 million, compared with an operating loss of ¥268 million in the prior fiscal year. The final net loss was ¥206 million, slightly worse than the prior year's ¥198 million final loss.
The studio's balance sheet deteriorated further: debt exceeded equity by ¥1.364 billion. The figures were disclosed by parent Asahi Broadcasting Group Holdings on May 11, 2026, and reported by Gamebiz.
Silver Link full-year results as disclosed by Asahi Broadcasting Group Holdings and reported by Gamebiz.| Metric | FY ended March 2026 | Prior year comparison |
|---|
| Net sales | ¥22.36 billion | +32.1% |
| Operating loss | ¥271 million | vs ¥268 million loss |
| Final net loss | ¥206 million | vs ¥198 million loss |
| Debt excess over equity | ¥1.364 billion | - |
Why revenue is rising but profit is falling
Silver Link's revenue growth did not translate into profit because production costs and labor expenses have risen across the anime industry. Prolonged production schedules and a shortage of skilled animators have pushed up costs, squeezing margins even when studios take on more work. Industry research firm Teikoku Databank has identified the 'rising revenue, diminishing profit' pattern as common among animation companies.
The studio is not an isolated case. In the same period, Studio KAI, known for the Umamusume: Pretty Derby sequels, announced insolvency amid a reported deficit. Silver Link's parent ownership may provide financial support, but the studio still needs to convert revenue growth into operating profit.
What the numbers mean for Silver Link's future
Three consecutive annual losses and debt exceeding equity are serious warning signs for any production company. Silver Link's strategy remains focused on anime production, but its financial structure suggests it has little room to absorb another loss-making project.
The studio's future depends on whether it can improve scheduling, control costs, and land titles with strong production-committee economics. Parent-company support gives it time, but public data does not show a clear path back to profit.
Scope note: Silver Link does not publish English-language IR materials. The figures here are translated from Gamebiz's coverage of Asahi Broadcasting Group Holdings' consolidated disclosure.
Frequently asked questions
Who owns Silver Link?
Silver Link is a subsidiary of Asahi Broadcasting Group Holdings Co., Ltd.
What was Silver Link's latest revenue?
For the fiscal year ended March 2026, Silver Link reported net sales of ¥22.36 billion, up 32.1 percent year on year.
Is Silver Link profitable?
No. It reported an operating loss of ¥271 million and a final net loss of ¥206 million for the fiscal year ended March 2026, its third consecutive annual loss.
Why did Silver Link's revenue grow while profit fell?
Rising production costs, longer schedules, and a shortage of skilled workers offset the revenue increase.