U-NEXT HOLDINGS Co.,Ltd.
Notice Regarding Acquisition of Shares of Exing Inc. and Consolidation as a Subsidiary
U-NEXT Holdings Co., Ltd. has entered into a share transfer agreement to acquire 70% of the shares of Exing Inc., a wholly owned subsidiary of Brother Industries, Ltd., and make it a consolidated subsidiary.
Key Figures
- Transaction Type: Acquisition of shares and consolidation as a subsidiary
- Target Company: Exing Inc.
- Transaction Value: 17,750 million yen (estimated amount)
- Scheduled Completion Date: April 2026
- Expected Synergies: Content expansion, service enhancement, new market development, cross-selling, service quality improvement
AI要約
Overview of the Transaction
U-NEXT Holdings Co., Ltd. resolved at its Board of Directors meeting on December 24, 2025, to enter into a share transfer agreement to acquire 70% (48,969,000 shares) of the shares of Exing Inc., a wholly owned subsidiary of Brother Industries, Ltd. The acquisition price is a total of 17,750 million yen (estimated amount) including 17,500 million yen for Exing’s common shares plus advisory fees and other costs of 250 million yen. The acquisition method is a direct purchase of shares using own funds. The scheduled share acquisition date is April 1, 2026, subject to change due to regulatory approvals and other factors.
Purpose and Background of the Transaction
Exing operates mainly in the business-use karaoke sector under the “JOYSOUND” brand, possessing unique technological advantages and high entry barriers. The U-NEXT Group aims to combine Exing’s strengths with its own content distribution service “U-NEXT,” which has over 5 million paying users, as well as its nationwide network of stores and facilities, to create significant synergies across diverse areas such as content expansion, service enhancement, new market development, cross-selling in the night economy market, and service quality improvement, targeting sustainable growth.
