Company split of the Content Business and transfer of 90% of the shares in the newly established company
First written in FY2018-Q2. 2 of 4 entries say "Achieved", first in FY2018-Q3. Latest entry: FY2019-Q1.
No other company in this theme has enough history to compare yet.
- FY2019-Q1AchievedAnnual report
「In addition, the company recorded ¥14 million in equity in earnings of affiliates as non-operating income and ¥6 million in gain on the sale of shares of an affiliated company as extraordinary income, following the sale of all shares in Claytechworks Co., Ltd. held by the company.」
Regarding Claytechworks, of which 90% was transferred in the previous fiscal year, the company sold all shares it held, completing the sale of its investment in the affiliated company, including its remaining interest. - FY2018RestatedAnnual report
「Effective 4 July 2018, we transferred part of the content business related to the development and operation of game content that we owned to Studio Revolver Co., Ltd. (currently Claytechworks Co., Ltd.), a newly established subsidiary, through an incorporation-type company split, and transferred 90% of the shares in the newly established company to CREEK & RIVER Co.,Ltd.」
The annual report also confirms that the spin-off of the content business and transfer of 90% of the shares in the newly established company had been completed. - FY2018-Q3AchievedAnnual report
「Effective 4 July 2018, we transferred part of the content business related to the development and operation of game content that we owned to Studio Revolver Co., Ltd. (currently Claytechworks Co., Ltd.), a newly established subsidiary, through an incorporation-type company split, and transferred 90% of the shares in the newly established company to CREEK & RIVER Co.,Ltd.」
The transaction was completed, with the business transferred to the newly established company through a company split and 90% of its shares transferred on 4 July 2018. - FY2018-Q2First statedAnnual report
「Effective 4 July 2018, we transferred the content business to a newly established company through a simplified incorporation-type company split and transferred 90% of the shares in the newly established company to CREEK & RIVER Co.,Ltd.」
The company disclosed a plan to transfer part of the content business to Studio Revolver Co., Ltd. and transfer 90% of that company's shares to CREEK & RIVER Co.,Ltd. The effective date and share transfer date was 4 July 2018, and at the time of filing, the transaction was disclosed as a subsequent event.