Growth of the live streaming business through the acquisition of additional IRIAM shares
First written in FY2022-Q1. 2 of 4 entries say "Cited as achieved", first in FY2022-Q3. Latest entry: FY2022.
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- FY2022Cited as achievedAnnual report
「On 2 August 2021, the company made IRIAM, the operator of IRIAM, a wholly owned subsidiary.」
The completed conversion of IRIAM into a wholly owned subsidiary is reiterated in the full-year description of the live-streaming business. - FY2022-Q3Cited as achievedAnnual report
「On 2 August 2021, the company acquired all shares of IRIAM, an equity-method affiliate that operates the IRIAM app, which allows users to enjoy live streaming as virtual characters, and IRIAM became a consolidated subsidiary.」
The completion of the acquisition of all IRIAM shares and its inclusion as a consolidated subsidiary is reiterated in the description of the business and live-streaming business for the third quarter. - FY2022-Q2AchievedAnnual report
「On 2 August 2021, the company acquired all shares of IRIAM, an equity-method affiliate that operates the IRIAM app, which allows users to enjoy live streaming as virtual characters, and IRIAM became a consolidated subsidiary.」
The additional acquisition of shares in IRIAM, formerly an equity-method affiliate, was completed on 2 August 2021, making it a consolidated subsidiary with a voting interest of 100.0%. The consideration was ¥14,875 million, and the company recognized a gain on step acquisition of ¥2,273 million and goodwill of ¥14,124 million. - FY2022-Q1First statedAnnual report
「The company positioned its live-streaming business as a growth-phase business and invested in IRIAM, the operator of the IRIAM app, which allows users to enjoy live streaming as virtual characters, in August 2020. IRIAM became an equity-method affiliate of the company. The two companies built a cooperative relationship, including through the sharing of service-operating expertise and personnel exchanges. To promote the sharing and use of their respective live-streaming service expertise and management resources and achieve further business growth and higher business value, the company decided to acquire additional shares of IRIAM. Acquisition date: 2 August 2021. Voting rights acquired: 100.0% (previously 20.0%). Consideration: cash of ¥12,000 million.」
To drive growth in the live-streaming business, the company disclosed a plan to acquire additional shares of IRIAM, formerly an equity-method affiliate, and raise its voting rights to 100.0% on 2 August 2021. The consideration was ¥12,000 million.