Kaikai Kiki, a major art company, now holds a 5.02% stake in the IP company オーバーラップホールディングス. With the shares trading at around ¥850, it filed a large shareholding report stating that the purpose was pure investment. Attention is focused on the company's next earnings results and the recovery of its IP business.
Kaikai Kiki, a major shareholder in the art world, holds a 5.02% stake in オーバーラップホールディングス. オーバーラップホールディングス is an IP company engaged in manga, light novels and anime, with Shogakukan and Pokémon among its major shareholders.
The company revised its earnings forecast downward in July, with sales expected to slow from ¥9.209 billion to ¥8.3 billion and operating profit from ¥3.421 billion to ¥2.373 billion. The shares are currently trading at around ¥850, compared with the public offering price of ¥1,650 a year ago.
In the large shareholding report filed with the Kanto Local Finance Bureau, the stated purpose of the holding is “pure investment.” The company remains a major shareholder and has a history of increasing its holding ratio to more than 6% during the Mandarake period.
The focus will be on how Murakami Takashi (村上隆) views the value of IP as an investment. The company's results should indicate the recovery of its e-books and proprietary IP businesses, so we will be watching developments closely.