Worth reading
30Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
2000
¥10,000s (capital of the second-tier subsidiary to be established)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Establishment of a second-tier subsidiaryDisclosing companyGlobalway,Inc.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Support and management of livestreamer activities, and other businesses
Location Minato-ku, TokyoShare capital ¥20 millionDate of incorporation April 2026 (scheduled)
Impact on Business Performance
The impact on the Company's consolidated results for the fiscal year ending March 2026 is expected to be minor.
Procedures and assumptions
Management structure after acquisitionThe representative director and president will be Kagami Masato (各務正人). The Company's representative director is expected to concurrently serve as the representative director of the second-tier subsidiary.
| Item | Details |
|---|---|
| Transaction name | Establishment of a second-tier subsidiary |
| Name of the Subject Company | 株式会社ウエストゲートエンタテインメント |
| Business Description of the Subject Company | Support and management of livestreamer activities, and other businesses |
| Location of the Subject Company | Minato-ku, Tokyo |
| Capital Stock of the Subject Company | ¥20 million |
| Date of Establishment of the Subject Company | April 2026 (scheduled) |
| Voting rights ownership percentage | After 75.0% (株式会社タイムチケット) (before not disclosed) |
| Impact on Business Performance | The impact on the Company's consolidated results for the fiscal year ending March 2026 is expected to be minor. |
| Date of board resolution | 30 March 2026 |
| Execution Date / Effective Date | Date of establishment: April 2026 (scheduled); business commencement date: April 2026 (scheduled) |
| Management structure after acquisition | The representative director and president will be Kagami Masato (各務正人). The Company's representative director is expected to concurrently serve as the representative director of the second-tier subsidiary. |
Items this document does not state (21)
Counterparty nameNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
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 focus on activities outside the TikTok Live agency business, including expanding opportunities for affiliated livestreamers to pursue entertainment careers.
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.