Agreements reached under this partnership
Capital and Business Alliance- 1
Planning and development of joint businesses in Japan and Korea using artist content held by Redstart ENM
- 2
Business development combining Redstart ENM's planning and production of content and artist management in Korea with CRAVIA's distribution, marketing and business networks in Japan
- 3
Transfer to CRAVIA of management authority and other rights relating to TIOT, and business development using these rights
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 of this matter on CRAVIA's consolidated results for the fiscal year ending December 2026 is currently under review.
| Item | Details |
|---|---|
| Name of alliance partner | Redstart ENM Inc. |
| Alliance partner's business activities | Talent management, and the planning and production of events, films, broadcast programs, video, audio recordings and other content |
| Alliance partner's location | Seoul, Republic of Korea |
| Alliance partner's capital | KRW 100 million (¥11 million) |
| Alliance partner's net sales | KRW 737.977 million (fiscal year ended December 2025) |
| Alliance partner's operating income | Operating loss of KRW 256.714 million (fiscal year ended December 2025) |
| Type of alliance | Capital and Business Alliance |
| Details of the alliance | Planning and development of joint businesses in Japan and Korea using artist content held by Redstart ENM, Business development combining Redstart ENM's planning and production of content and artist management in Korea with CRAVIA's distribution, marketing and business networks in Japan, Transfer to CRAVIA of management authority and other rights relating to TIOT, and business development using these rights |
| Number of shares acquired | 100,000 shares (voting rights ownership ratio: 50.0%) |
| Acquisition price | ¥5 thousand (KRW 50,000). Total including advisory fees and other expenses (estimated): ¥10.455 million |
| Shareholding ratio | 0.0％ → 50.0％（50.0％） |
| Ownership ratio | CRAVIA: 50.0% (voting rights ownership ratio in Redstart ENM) |
| Dispatch of directors and officers | CRAVIA plans to dispatch 2 directors to Redstart ENM. The board of directors is expected to comprise 4 members in total, consisting of 2 nominees of CRAVIA and 2 nominees of Redstart ENM. |
| Date of board resolution | 6 October 2026 |
| Contract Date | 6 October 2026 (share transfer agreement, shareholders' agreement and loan agreement) |
| Share Acquisition Date and Payment Date | Share transfer execution date: 6 October 2026 (scheduled) |
| Impact on Business Performance | The impact of this matter on CRAVIA's consolidated results for the fiscal year ending December 2026 is currently under review. |
Items this document does not state (6)
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 combine the artist content of Redstart ENM with CRAVIA's marketing, distribution, physical retail and other business networks in Japan, with the aim of further expanding its K-pop-related business and creating new revenue opportunities.