Komori
M&A and Subsidiary Changes9409TV Asahi Holdings CorporationInformation and Communications, Services and Others

Notice Regarding the Change in a Company Accounted for Under the Equity Method to a Consolidated Subsidiary

TV Asahi will acquire additional shares in 新日本プロレスリング, previously an equity-method affiliate, from Bushiroad Inc. Its voting rights ownership will increase from 22.7% to 46.3%, and 新日本プロレスリング is expected to become a consolidated subsidiary.

Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
1216
¥ million
Wording
Conditional
How definitive the wording is.

This transaction

This share acquisition
CounterpartyBushiroad Inc.
Disclosing companyTV Asahi Holdings Corporation
新日本プロレスリング株式会社Voting rights ownership percentageNumber of shares acquired Number of shares acquired

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

Business activities of target company

Location Setagaya-ku, TokyoShare capital Capitalization of target companyDate of incorporation Date established
Net SalesNet sales
Operating profitOperating profit
Net assetsNet assets
Consideration and expenses
Acquisition priceAcquisition price
Impact on Business Performance

The impact of this transaction on the Company's consolidated results is expected to be immaterial.

This transaction
ItemDetails
Transaction nameThis share acquisition
Counterparty nameBushiroad Inc.
Name of the Subject Company新日本プロレスリング株式会社
Business Description of the Subject CompanyBusiness activities of target company
Location of the Subject CompanySetagaya-ku, Tokyo
Capital Stock of the Subject CompanyCapitalization of target company
Date of Establishment of the Subject CompanyDate established
Net Sales of the Subject CompanyNet sales
Operating Profit of the Subject CompanyOperating profit
Net Assets of the Subject CompanyNet assets
Acquisition priceAcquisition price
Number of shares acquiredNumber of shares acquired
Voting rights ownership percentageBefore 22.7% → after 46.3%
Impact on Business PerformanceThe impact of this transaction on the Company's consolidated results is expected to be immaterial.
Date of board resolution27 May 2026
Contract Date27 May 2026
Execution Date / Effective Date30 June 2026 (scheduled)
Items this document does not state (15)
Net Income of the Subject CompanyExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

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 further enhance the corporate value of both companies by strengthening collaboration between TV Asahi and 新日本プロレスリング in content and IP development and deployment, and jointly creating content and IP with a view to global expansion.

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.
Notice Regarding the Change in a Company Accounted for Under the Equity Method to a Consolidated Subsidiary | TV Asahi Holdings Corporation (9409) timely disclosure | Komori