Agreements reached under this partnership
Capital and business alliance- 1
Collaboration in IP creation and development: By working together, the companies will increase the number of books adapted from content on note and promote the development of a next-generation content creation framework originating in digital media and not constrained by existing publishing processes. In addition to books, the companies will develop content designed around merchandise and events to improve profitability and create a new creative ecosystem. They will also jointly support the monetization of creators by utilizing note's membership and other functions.
- 2
Collaboration in publishing DX: KADOKAWA CORPORATION will use note pro's SaaS platform for some of the websites it operates, supporting greater efficiency in its operating structure and lower system-related costs. In conjunction with this, the companies aim to increase traffic from SEO and AI search by leveraging the characteristics of note's platform. They will also work together to build a new value chain, including by linking reviews and responses to the diverse content accumulated on note with publishing and promotion.
- 3
Collaboration in AI data distribution: Through the Ministry of Economy, Trade and Industry-led generative AI enhancement project GENIAC and other initiatives, the companies will collaborate on building a sound data distribution infrastructure for the AI era. Specifically, they will jointly conduct demonstrations and consider the development of revenue models based on the fair valuation of content assets returned to copyright holders, as well as the development of retrieval-augmented generation (RAG) models with clearly defined rights relationships.
- 4
Collaboration in fan communities: The companies will promote discussions and consideration of applying the KADOKAWA Group's video distribution technology and expertise to note's platform. They aim to deepen engagement between creators and fans through video and audio distribution on note, while expanding their respective member bases across both platforms and creating new revenue opportunities.
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
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).
The impact on the full-year consolidated earnings forecast for the fiscal year ending November 2026 is expected to be immaterial.
| Item | Details |
|---|---|
| Name of alliance partner | KADOKAWA CORPORATION |
| Alliance partner's business activities | Publishing and IP creation, anime and live-action video, games, web services, education and EdTech, and other businesses |
| Alliance partner's location | 2-13-3 Fujimi, Chiyoda-ku, Tokyo |
| Alliance partner's capital | ¥65,613 million (as of 30 September 2025) |
| Alliance partner's net sales | ¥277,915 million (fiscal year ended March 2025) |
| Alliance partner's operating income | ¥16,651 million (fiscal year ended March 2025) |
| Type of alliance | Capital and business alliance |
| Details of the alliance | Collaboration in IP creation and development: By working together, the companies will increase the number of books adapted from content on note and promote the development of a next-generation content creation framework originating in digital media and not constrained by existing publishing processes. In addition to books, the companies will develop content designed around merchandise and events to improve profitability and create a new creative ecosystem. They will also jointly support the monetization of creators by utilizing note's membership and other functions., Collaboration in publishing DX: KADOKAWA CORPORATION will use note pro's SaaS platform for some of the websites it operates, supporting greater efficiency in its operating structure and lower system-related costs. In conjunction with this, the companies aim to increase traffic from SEO and AI search by leveraging the characteristics of note's platform. They will also work together to build a new value chain, including by linking reviews and responses to the diverse content accumulated on note with publishing and promotion., Collaboration in AI data distribution: Through the Ministry of Economy, Trade and Industry-led generative AI enhancement project GENIAC and other initiatives, the companies will collaborate on building a sound data distribution infrastructure for the AI era. Specifically, they will jointly conduct demonstrations and consider the development of revenue models based on the fair valuation of content assets returned to copyright holders, as well as the development of retrieval-augmented generation (RAG) models with clearly defined rights relationships., Collaboration in fan communities: The companies will promote discussions and consideration of applying the KADOKAWA Group's video distribution technology and expertise to note's platform. They aim to deepen engagement between creators and fans through video and audio distribution on note, while expanding their respective member bases across both platforms and creating new revenue opportunities. |
| Number of shares acquired | 1,000,000 shares (5.21% ownership of the total number of shares issued) |
| Acquisition price | ¥2,212,000,000 (total subscription payment) |
| Shareholding ratio | 0% (no shares held before the allotment) → 5.21％（5.21％） |
| Dispatch of directors and officers | There are no plans for the Company or the intended allottee to dispatch directors or other officers. |
| Shareholding Policy | The intended allottee intends to hold the acquired shares over the medium to long term. For 2 years from the allotment date, it may not transfer, create a security interest over or otherwise dispose of the shares, directly or indirectly, without the Company's prior written consent. |
| Date of board resolution | 24 March 2026 |
| Contract Date | 24 March 2026 |
| Share Acquisition Date and Payment Date | 9 April 2026 |
| Impact on Business Performance | The impact on the full-year consolidated earnings forecast for the fiscal year ending November 2026 is expected to be immaterial. |
| Change in major shareholders | KADOKAWA CORPORATION: Not listed among the major shareholders before the offering → KADOKAWA CORPORATION: 5.21%（5.21％） |
Items this document does not state (5)
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 leverage the compatibility between the two companies in content creation, platform operations and IP development, and to advance their collaboration as a long-term initiative involving a capital relationship rather than limiting it to a temporary partnership. The funds raised will also be used for system development and personnel investment associated with the alliance, future M&A and capital and business alliances, and repayment of existing borrowings.