Komori
Business Alliances3928Mynet Inc.Information and Communications, Services and Others

Responses to Key Questions Regarding the Capital and Business Alliance with 株式会社Zero Gaming and the Third-Party Allotment Capital Increase (FAQ)

Mynet reiterated its policy of pursuing a capital and business alliance with 株式会社Zero Gaming and a third-party allotment of shares. It indicated that, even if the amount raised fluctuates with the share price, it intends to proceed with its business plan, including app development and promotions.

Worth reading
91Important
Scored from 2 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
200000000
Yen (approximately ¥200 million to be raised)
Wording
Avoiding a definitive answer
How definitive the wording is.

Agreements reached under this partnership

Capital and Business Alliance
3928Mynet Inc.
Alliance partner株式会社Zero Gaming
Details of the alliance
  1. 1

    Establishment of an “integrated three-party collaboration structure” that directly integrates ZG’s strong network in the sports industry and expertise in global media into the Company’s services

  2. 2

    Multi-sport expansion of “digital trading cards × fantasy sports”

  3. 3

    Advancement of the business plan, including app development and promotions

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

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).

Acquisition priceApproximately ¥200 million (amount to be raised)
Impact on Business Performance

We do not expect any delays that would affect the foundation of the business plan.

Agreements reached under this partnership
ItemDetails
Name of alliance partner株式会社Zero Gaming
Type of allianceCapital and Business Alliance
Details of the allianceEstablishment of an “integrated three-party collaboration structure” that directly integrates ZG’s strong network in the sports industry and expertise in global media into the Company’s services, Multi-sport expansion of “digital trading cards × fantasy sports”, Advancement of the business plan, including app development and promotions
Acquisition priceApproximately ¥200 million (amount to be raised)
Impact on Business PerformanceWe do not expect any delays that would affect the foundation of the business plan.
Items this document does not state (18)
Alliance partner's business activitiesAlliance partner's locationAlliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionContract 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 advance the multi-sport expansion of “digital trading cards × fantasy sports,” Mynet will integrate Zero Gaming’s strong network in the sports industry and expertise in global media directly into its services, with the aim of maximizing and accelerating growth in the sports content business. The cancellation clause applicable if the issue price falls below ¥230 was established as a risk-management safety net in preparation for the unlikely event that the amount raised declines substantially.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Responses to Key Questions Regarding the Capital and Business Alliance with 株式会社Zero Gaming and the Third-Party Allotment Capital Increase (FAQ) | Mynet Inc. (3928) timely disclosure | Komori