Worth reading
44Recurring
Scored from 4 of 5 sectionsDirection
Neutral
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.This transaction
This capital and business allianceCounterpartyNTT DOCOMO, INC.
Disclosing companyWOWOW INC.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Entertainment video content distribution business
Location Minato-ku, TokyoShare capital ¥100Date of incorporation 17 June 2026
Consideration and expenses
Type of ConsiderationShares (the consideration for this company split is common shares of the new company)
Impact on Business Performance
The impact on the Company's consolidated results for the fiscal year ending March 2027 is currently under review.
Procedures and assumptions
Conditions Precedent to ExecutionApproval of partial amendments to the articles of incorporation at the new company's shareholders' meeting scheduled for 1 October 2026
Management structure after acquisitionFrom 1 October 2026, the Representative Director and President is scheduled to change to Suzuki Satoshi (鈴木 聡), and the Representative Director and Executive Vice President to Tanaka Tomonori (田中 智則). The appointment of directors and Audit & Supervisory Board members, and the designation of the Representative Director and directors with titles, are scheduled to be formally determined by resolutions of the shareholders' meeting and the Board of Directors. Employees of the Company will concurrently serve as officers of the new company.
| Item | Details |
|---|---|
| Transaction name | This capital and business alliance |
| Counterparty name | NTT DOCOMO, INC. |
| Name of the Subject Company | 株式会社WOWOW Lemino (scheduled to change its corporate name from 「WOWOW共同事業準備株式会社」 effective 1 October 2026) |
| Business Description of the Subject Company | Entertainment video content distribution business |
| Location of the Subject Company | Minato-ku, Tokyo |
| Capital Stock of the Subject Company | ¥100 |
| Date of Establishment of the Subject Company | 17 June 2026 |
| Type of Consideration | Shares (the consideration for this company split is common shares of the new company) |
| Voting rights ownership percentage | Before 100％ → after 51％ |
| Impact on Business Performance | The impact on the Company's consolidated results for the fiscal year ending March 2027 is currently under review. |
| Date of board resolution | 16 June 2026 (resolution approving this capital and business alliance) |
| Contract Date | 12 August 2026 (absorption-type company split agreement) |
| Execution Date / Effective Date | Scheduled for 1 October 2026 |
| Conditions Precedent to Execution | Approval of partial amendments to the articles of incorporation at the new company's shareholders' meeting scheduled for 1 October 2026 |
| Management structure after acquisition | From 1 October 2026, the Representative Director and President is scheduled to change to Suzuki Satoshi (鈴木 聡), and the Representative Director and Executive Vice President to Tanaka Tomonori (田中 智則). The appointment of directors and Audit & Supervisory Board members, and the designation of the Representative Director and directors with titles, are scheduled to be formally determined by resolutions of the shareholders' meeting and the Board of Directors. Employees of the Company will concurrently serve as officers of the new company. |
Items this document does not state (17)
Net 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 priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial Committee
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.Because a change in the corporate name of the new company is planned. No specific purpose or reason for the change of corporate name is stated.
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.