S10 Entertainment & Media LLC Becomes a Subsidiary under the Substantive Control Criterion
First written in FY2025. 2 of 4 entries say "Advanced", first in FY2026-H1. Latest entry: 2026-09-30.
No other company in this theme has enough history to compare yet.
- FY2026-H1AdvancedAnnual report
「S10 Entertainment & Media LLC has been included in the scope of consolidation because it became a subsidiary under the substantive control criterion. Since the CEO of S10 became CEO of the Company’s consolidated subsidiary Avex Music Group LLC, S10 changed from an equity-method affiliate of the Company to a consolidated subsidiary under the substantive control criterion. Business combination date 1 April 2025 Legal form of business combination Becoming a subsidiary under the substantive control criterion Percentage of voting rights acquired 40.0% Amount of goodwill recognized ¥2,759 million」
S10 Entertainment & Media LLC changed from an equity-method affiliate to a consolidated subsidiary under the substantive control criterion when its CEO assumed the position. The business combination date was 1 April 2025, the voting interest was 40.0%, and goodwill of ¥2,759 million was recognized. - FY2025First statedAnnual report
「The Company decided to acquire S10 Entertainment & Media LLC because business synergies, including the overseas expansion of artists belonging to the Group, have become increasingly apparent. The Company determined that the acquisition would expand opportunities for the Group’s artists to enter overseas markets and support their activities in a broader range of markets, accelerate the global expansion of IP originating in Japan, and enable business expansion in global markets. Business combination date 1 April 2025 Legal form of business combination Becoming a subsidiary under the substantive control criterion」
The Company disclosed the acquisition of S10 Entertainment & Media LLC, citing synergies with its management business for prominent overseas artists and talent, and its becoming a subsidiary under the substantive control criterion as of 1 April 2025. The acquisition consideration was ¥2,779 million.