MINATO HOLDINGS INC.
Notice of Termination of Capital and Business Alliance Agreement with Media Trust Inc. and Others and Change in Representative Director of a Consolidated Subsidiary
Termination of the capital and business alliance agreement. BR and DS will continue as consolidated subsidiaries. Due to BR representative director's resignation, Masahiko Miura will assume the role of President and Representative Director. Treatment of MT preferred shares is also addressed. A loss of approximately 150 million yen is expected to be recorded in the second quarter results for the fiscal year ending March 2027.
Key Figures
- Hold 10,000,000 MT preferred shares, redemption under consideration, redemption timing TBD
- BR President and Representative Director resignation date 2026-10-07; successor is Masahiko Miura
- BR and DS will continue as consolidated subsidiaries; approx. 150 million yen loss expected to be recorded (second quarter of the fiscal year ending March 2027)
AI要約
Overview of the Matter
MINATO HOLDINGS INC. announced the termination of capital and business alliance agreements with Media Trust Inc., Brain Co., Ltd. and Daiki Sound Co., Ltd. Accordingly, consolidated subsidiaries BR and DS will continue operating as members of the group. The announcement also covers the reorganization of MT-related shareholdings and transactional relationships, as well as the change in the representative director of BR.
Future Impact and Outlook
Following the termination of the agreement, business collaboration with MT will cease and the directors dispatched from MT will step down. The redemption timing of MT preferred shares is TBD, but an impairment has already been recorded and the company intends to seek redemption in the future. Under BR's new management, Masahiko Miura will assume the role of President and Representative Director, strengthening cross-group utilization of management resources. A loss of approximately 150 million yen is expected to be recorded in the second quarter financial results for the fiscal year ending March 2027, and future accounting treatment is under consideration.
MINATO HOLDINGS INC.
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