Bushiroad : Announces Absorption-type Merger between Consolidated Subsidiaries
March 28, 2022 at 01:51 pm IST
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March 24, 2022
Bushiroad Announces Absorption-type Merger between Consolidated Subsidiaries
Name
Bushiroad Inc. (Securities Code: 7803)
Overview
Bushiroad resolved at its board of directors' meeting to conduct an absorption-type merger between its wholly owned consolidated subsidiaries. Bushiroad Creative Inc. and Bushiroad Media Inc. . The former will be the surviving company and the latter will be the disappearing company.
Purpose
Within Bushiroad group, Bushiroad Creative is mainly engaged in the merchandising business while Bushiroad Media is mainly engaged in the publishing business and merchandising business of some products related to such publishing business.
The aim of the merger is to enhance synergies by integrating the abovementioned businesses of Bushiroad Media into Bushiroad Creative and utilizing their common resources, and enhance IP development by enabling the publishing and merchandising businesses to work alongside each other.
Schedule
Resolution at directors meetingtheboardof
March 24, 2022
Contract conclusion date
March 24, 2022
General meeting of shareholders of Bushiroad Creative
May 20, 2022 (planned)
General meeting of shareholders of Bushiroad Media
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Bushiroad Inc. published this content on 28 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2022 08:20:10 UTC.
Bushiroad Inc. is a Japan-based company engaged in the development and acquirement of intellectual property (IP). The Company operates in two business segments. The Entertainment business segment is composed of five departments including trading card game department, mobile online games department, music department that engages in plan, production and management of music content and live performances and events, merchandising (MD) department that plans and releases goods related to IP, as well as media department that engages in book publishing and Internet radio operating. The Sports business segment is composed of the box office department, MD department that plans and sells goods, as well as the content department that product and distributes video content.
BUSHIROAD INC. 
