Background and release.
In January 2025, JYP Entertainment announced in an official statement that Twice's fifth compilation album was set to be released on May 14. The Japanese version of "Talk That Talk" was released as a promotional single for the album on April 14, 2025.
The album was officially released on May 14, 2025. The digital and streaming version of "#Twice5" was released in EP format, only containing Japanese-language tracks.
Commercial performance.
Following its release, "#Twice5" debuted at number three on the Oricon Albums Chart, selling 68,730 copies. "Billboard Japan" reported that the album sold 81,813 copies in its first week.