Worth reading
64In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
5
¥ millionWording
Conditional
How definitive the wording is.Agreements reached under this partnership
Discontinuation3686DLE Inc.
Alliance partner株式会社 iNKODE
Capital and personnel relationships
This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).
0.00%Our ownership stake in the partner’s shares
Acquisition price¥19,700,000
Ownership ratio株式会社 iNKODE 51.0%; 合同会社 Esplanade 49.0%
Overview of the joint ventureName 株式会社 iNKODE JAPAN / Location Chiyoda-ku, Tokyo / Business Description Training, promotion and management of K-POP artists, and event planning and operations / Capital Contributions ¥15 million / Ownership ratio 株式会社 iNKODE 51.0%; 合同会社 Esplanade 49.0%
Dispatch of directors and officers2 directors and employees of our company also serve concurrently as 2 directors of iNKODE JAPAN. Details of any new appointments or secondments are Not disclosed
Change in major shareholders株式会社 iNKODE 51.0%; 合同会社 Esplanade 49.0% → 株式会社 iNKODE 100%; 合同会社 Esplanade 0%（株式会社 iNKODE: changed from 51.0% to 100%; 合同会社 Esplanade: changed from 49.0% to 0%）
About the partner
Business DescriptionEntertainment Business
LocationMapo-gu, Seoul Special City, South Korea
Share capitalKRW 103 million
Impact on Business Performance
We expect to recognize a ¥5 million gain on the sale of shares in an affiliated company as an extraordinary gain in the fourth quarter of the fiscal year ending March 2026
Date of board resolution25 March 2026Contract Date25 March 2026Share Acquisition Date and Payment Date31 March 2026 (share transfer execution date)
| Item | Details |
|---|---|
| Name of alliance partner | 株式会社 iNKODE |
| Alliance partner's business activities | Entertainment Business |
| Alliance partner's location | Mapo-gu, Seoul Special City, South Korea |
| Alliance partner's capital | KRW 103 million |
| Type of alliance | Discontinuation |
| Acquisition price | ¥19,700,000 |
| Shareholding ratio | 49％ → 0％（0％） |
| Overview of the joint venture | Name 株式会社 iNKODE JAPAN / Location Chiyoda-ku, Tokyo / Business Description Training, promotion and management of K-POP artists, and event planning and operations / Capital Contributions ¥15 million / Ownership ratio 株式会社 iNKODE 51.0%; 合同会社 Esplanade 49.0% |
| Ownership ratio | 株式会社 iNKODE 51.0%; 合同会社 Esplanade 49.0% |
| Dispatch of directors and officers | 2 directors and employees of our company also serve concurrently as 2 directors of iNKODE JAPAN. Details of any new appointments or secondments are Not disclosed |
| Date of board resolution | 25 March 2026 |
| Contract Date | 25 March 2026 |
| Share Acquisition Date and Payment Date | 31 March 2026 (share transfer execution date) |
| Impact on Business Performance | We expect to recognize a ¥5 million gain on the sale of shares in an affiliated company as an extraordinary gain in the fourth quarter of the fiscal year ending March 2026 |
| Change in major shareholders | 株式会社 iNKODE 51.0%; 合同会社 Esplanade 49.0% → 株式会社 iNKODE 100%; 合同会社 Esplanade 0%（株式会社 iNKODE: changed from 51.0% to 100%; 合同会社 Esplanade: changed from 49.0% to 0%） |
Items this document does not state (8)
Alliance partner's net salesAlliance partner's operating incomeDetails of the allianceNumber of shares acquiredContract PeriodNumerical targets under the allianceShareholding PolicyAlliance start date
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.In light of circumstances including the failure to achieve the investment returns expected from our diversification strategy aimed at maximizing IP value, we have been pursuing a more focused allocation of business resources centered on the AI business. Following negotiations to explore an opportunity to recover our investment, we decided to execute this share transfer.
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