Worth reading
49Recurring
Scored from 3 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
51
New company's percentage ownership of voting rightsWording
Definitive
How definitive the wording is.This transaction
This capital and business alliance / this company split / this share transferCounterpartyNTT 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.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
Entertainment video content distribution business
Location Minato-ku, TokyoShare capital ¥100 millionDate 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 financial results for the fiscal year ending March 2027 is currently under review.
Procedures and assumptions
Management structure after acquisitionThe new company's corporate name is 株式会社WOWOW Lemino. The representative director and president is Suzuki Satoshi (鈴木聡), and the representative director and executive vice president is Tanaka Tomonori (田中智則). Employees of the Company will concurrently serve as officers of the new company. The officer structure effective 1 October 2026 has been determined.
| Item | Details |
|---|---|
| Transaction name | This capital and business alliance / this company split / this share transfer |
| Counterparty name | NTT DOCOMO, INC. |
| Name of the Subject Company | 株式会社WOWOW Lemino |
| 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 million |
| 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 | After 51％ (before not disclosed) |
| Impact on Business Performance | The impact on the Company's consolidated financial results for the fiscal year ending March 2027 is currently under review. |
| Contract Date | Joint venture agreement, share transfer agreement and underwriting agreement: 15 June 2026. Absorption-type company split agreement: 12 August 2026 |
| Execution Date / Effective Date | 1 October 2026 (the effective date of this company split and the execution date of this share transfer) |
| Management structure after acquisition | The new company's corporate name is 株式会社WOWOW Lemino. The representative director and president is Suzuki Satoshi (鈴木聡), and the representative director and executive vice president is Tanaka Tomonori (田中智則). Employees of the Company will concurrently serve as officers of the new company. The officer structure effective 1 October 2026 has been determined. |
Items this document does not state (19)
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)Date of board resolutionValuation 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 transfer the "Lemino" business operated by NTT DOCOMO to a new company and implement a capital and business alliance to make the new company a joint venture of WOWOW and NTT DOCOMO. The impact on financial results is currently under review.
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.