Group Integration and More Efficient Use of Management Resources

「As a result, as of the end of the consolidated fiscal year, our Group had been consolidated into two companies: ourselves, responsible for the solutions business and the management of Group companies and the Group as a whole, and 株式会社ライブドア, responsible for the media business.」

「We decided to integrate our management with 株式会社ミンカブソリューションサービシーズ. On 22 May 2025, we entered into an agreement for an absorption-type merger with us as the surviving company and our consolidated subsidiary, 株式会社ミンカブソリューションサービシーズ, as the absorbed company, and completed the merger on 1 October 2025.」

「We decided to integrate the three companies, ourselves, LD and MSS, and transition to a standalone management structure.」

「To shift to the next stage of growth, we made ライブドア a consolidated subsidiary in December 2022, CWS Brains株式会社, the predecessor of SSG, a consolidated subsidiary in March 2023, and 株式会社フロムワン a consolidated subsidiary in September 2023, and progressively integrated their management. On 1 October 2024, we carried out an absorption-type merger of SSG, with ライブドア as the surviving company, to increase earnings by enhancing value for the approximately 100 million monthly users of these companies, maximize integration benefits including cost reductions, make effective use of management resources, and pursue new fields.」

「During the fiscal year under review, as part of an organizational restructuring aimed at efficient Group operations, the Group’s media business was transferred to 株式会社ライブドア through a company split effective 1 April 2023, and the Group’s solutions business was transferred to 株式会社ミンカブソリューションサービシーズ through a company split effective 1 July 2023. The media and solutions businesses are now operated mainly by their respective operating companies, enhancing the Group’s agility in executing its business strategy, while we have transitioned to a business promotion structure in which we primarily oversee these businesses.」

「During the consolidated accounting period of the third quarter, ロボット投信株式会社, formerly a wholly owned subsidiary of 株式会社ミンカブソリューションサービシーズ, ceased to exist following an absorption-type merger with 株式会社ミンカブソリューションサービシーズ as the surviving company. 株式会社フロムワン likewise ceased to exist following an absorption-type merger with 株式会社シーソーゲーム, our wholly owned subsidiary formerly known as CWS Brains株式会社, as the surviving company. Accordingly, both companies were excluded from the scope of consolidation.」

「CWS Brains Co., Ltd., our wholly owned subsidiary (hereinafter, “CWS Brains”), entered into a merger agreement on 1 September 2023, with CWS Brains as the surviving company, and completed the merger on 1 November 2023. Its corporate name was changed to 株式会社シーソーゲーム effective 1 November 2023.」

「Under the Group's basic organizational restructuring policy, the Company transferred the Group's Media Business to 株式会社ライブドア through a company split effective 1 April 2023, and the Group's Solutions Business to 株式会社ミンカブソリューションサービシーズ through a company split effective 1 July 2023.」

「In the Media Business, on 1 April 2023, the Company integrated the Media Business division of MINKABU THE INFONOID,Inc. into 株式会社ライブドア, and 株式会社ライブドア absorbed 株式会社ALIS through a merger. In the Solutions Business, the Solutions Business division of MINKABU THE INFONOID,Inc. will be integrated, effective 1 July 2023, into 株式会社ミンカブソリューションサービシーズ, which was established on 3 April 2023.」

「In the Media Business, the Group will position livedoor Media as the core of its media operations. Its basic strategy is to operate specialized media outlets covering areas such as finance, entertainment, food and sports as vertical media, and to extend the content-distribution capabilities of “livedoor News” to each vertical media outlet. To pursue this strategy, the Group will first integrate the Media Business division of MINKABU THE INFONOID,Inc. into 株式会社ライブドア and centralize at 株式会社ライブドア the operations of the business companies that will operate the planned vertical media outlets. In the Solutions Business, the basic policy is to proceed with a group reorganization centered on a preparatory company to be newly established, with the organizational structure to be put in place at an early stage after adjusting the reorganization scheme.」

「During the first 3 quarters of the current fiscal year, revenue grew steadily in both the Media Business and Solutions Business, sustaining a high rate of growth. At the same time, to accelerate medium-term growth, the Group actively made upfront investments, including investment in human assets through hiring, development including the launch of new products and services, and investment in data and other areas. The Group also consolidated the headquarters of Group companies to improve organizational coordination and entered into capital and business alliances with 株式会社QUICK and 株式会社日本経済新聞社. These initiatives involved certain one-time costs.」

「During the second quarter of the current fiscal year, on 1 September 2021, the Company established its wholly owned subsidiary 株式会社ミンカブアセットパートナーズ (Solutions Business) as a preparatory company for registration as a financial instruments intermediary, with the aim of developing an IFA business for people building financial assets.」

「Under this management strategy, during the fiscal year under review, the Group made ロボット投信株式会社, a SaaS-based mutual fund information vendor, a consolidated subsidiary on 30 June 2020. This diversified the Group's corporate customer base, including mutual fund management companies and distributors, and the Group also made several minority investments to strengthen the competitiveness of both parties through synergies.」

「In addition, on 30 June 2020, the Company acquired the shares of ロボット投信株式会社 and made it a consolidated subsidiary.」

「The Company decided to make the company a consolidated subsidiary after determining that bringing it into the Group, expanding the Group's overall coverage of financial information, improving business efficiency, making effective use of assets and jointly developing new businesses would lead to further growth for the Group as a whole and enhance corporate value.」

「At the end of the 12th fiscal year, the Group completed an organizational restructuring aimed at improving efficiency by strengthening coordination between the Media Business and Solutions Business, and during the fiscal year under review, it invested management resources efficiently from the beginning of the fiscal year.」