Komori
Business alliance3760CAVE Interactive CO.,LTD.Information and Communications, Services and Others

Notice Regarding the Launch of a New Business by the Overseas Subsidiary (Cave Interactive Taiwan Co., Ltd.) and the Scheduled Release of a Live-Streaming App

The Taiwan subsidiary has decided to launch a new business in September 2021 to support business alliances with overseas companies and others in the digital content sector. In connection with this, the Company has scheduled the release of the live-streaming app currently under development for January 2022.

Worth reading
37Immaterial
Scored from 3 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
—
Displayed only when the document provides numerical figures.
Wording
Avoiding a definitive answer
How definitive the wording is.

Agreements reached under this partnership

Business alliance
Details of the alliance
  1. 1

    Supporting business alliances with overseas companies and others in the digital content business

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Impact on Business Performance

The impact of the launch of this new business on performance for the fiscal year ending May 2022 is currently under review, but the Company believes that it will contribute to improved performance for the Group over the medium to long term. If the need for further disclosure arises, the Company will promptly issue an announcement.

Date of board resolution24 August 2021
Agreements reached under this partnership
ItemDetails
Type of allianceBusiness alliance
Details of the allianceSupporting business alliances with overseas companies and others in the digital content business
Date of board resolution24 August 2021
Impact on Business PerformanceThe impact of the launch of this new business on performance for the fiscal year ending May 2022 is currently under review, but the Company believes that it will contribute to improved performance for the Group over the medium to long term. If the need for further disclosure arises, the Company will promptly issue an announcement.
Items this document does not state (19)
Name of alliance partnerAlliance partner's business activitiesAlliance partner's locationAlliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyContract DateAlliance start dateShare Acquisition Date and Payment DateChange in major shareholders

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.

To build a stable financial base by generating additional revenue and thereby improve performance over the medium to long term.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Launch of a New Business by the Overseas Subsidiary (Cave Interactive Taiwan Co., Ltd.) and the Scheduled Release of a Live-Streaming App | CAVE Interactive CO.,LTD. (3760) timely disclosure | Komori