Strengthening the IP and entertainment business through the acquisition of MAGES. as a wholly owned subsidiary
First written in FY2020-Q2. 2 of 3 entries say "Restated". Latest entry: FY2020.
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- FY2020RestatedAnnual report
「By adding MAGES.' ability to create original IP and its popular IP to the Group, the Company expects to further improve competitiveness in its core mobile services business. By joining the Group and strengthening its financial base and management control system, MAGES. will accelerate the creation of new entertainment businesses, one of its strengths.」
The Company has reiterated its policy of using MAGES.' IP, financial base and management control system to improve the competitiveness of its mobile services business and create new entertainment businesses. - FY2020-Q3RestatedAnnual report
「Date of business combination 3 April 2020 (deemed acquisition date 1 April 2020) (4) Legal form of the business combination Acquisition of shares (5) Name of the entity after the business combination No change. (6) Percentage of voting rights acquired 100%」
The disclosure reiterates that MAGES. was made a wholly owned subsidiary through the acquisition of all shares on 3 April 2020, with 100% of voting rights acquired. - FY2020-Q2AchievedAnnual report
「The Company resolved to acquire all shares of MAGES. and make it a wholly owned subsidiary. In connection with this, it entered into a share transfer agreement dated 30 March 2020, acquired all shares of MAGES. on 3 April 2020, and made it a subsidiary.」
The Company acquired all shares of MAGES. and made it a wholly owned subsidiary. The number of shares acquired was 260, at an estimated acquisition price of ¥1,612 million. Contingent consideration of ¥500 million or ¥1,000 million may arise depending on the achievement of performance targets and other factors. The stated objectives are to improve the competitiveness of the mobile services business by incorporating MAGES.' ability to create original IP and its popular IP, and to accelerate the creation of new entertainment businesses by strengthening MAGES.' financial base and management control system.