TBS Holdings,Inc.
Announcement Regarding the Establishment of a Joint Venture with CJ ENM Co., Ltd and U-NEXT HOLDINGS Corporation
TBS Holdings, Inc. will establish a joint venture with CJ ENM (51% equity stake) and U-NEXT HOLDINGS (9% equity stake), with capital of 1.25 billion JPY, planned for April 2026.
Key Figures
- Capital: 1,250 million JPY
- Equity Ratio: CJ ENM 51%, TBS Holdings, Inc. 40%, U-NEXT HOLDINGS 9%
- Planned Joint Venture Establishment Date: April 2026
AI要約
Overview of Joint Venture Establishment
TBS Holdings, Inc. has concluded a joint venture agreement with South Korea's CJ ENM and U-NEXT HOLDINGS Corporation, planning to establish a joint venture in April 2026. The capital will be 1,250 million JPY, with equity stakes of 51% for CJ ENM, 40% for our company, and 9% for U-NEXT HOLDINGS. The joint venture is scheduled to be established in Tokyo and will primarily engage in planning video content and procurement, investment, and development of IP. This initiative is based on the “TBS Group Medium-Term Management Plan 2026,” aiming to build a global production system for IP originating from Japan and Korea.
Outlook and Impact
The impact of establishing this joint venture on our consolidated financial results is expected to be minor, and we plan to provide additional disclosures as necessary in the future. By combining CJ ENM’s world-class production and development system, U-NEXT HOLDINGS’ one of the largest domestic distribution platforms, and our content production capabilities, we aim to maximize the value of IP originating from Japan and accelerate growth in the global market.
