Aiming to expand K-POP related business, CRAVIA Inc. will acquire 50% of the shares of Redstart ENM Inc., making it an equity-method affiliate. The share transfer price is set at the equivalent of 50,000 won (approx. 5,000 yen) for half of the total issued shares. In addition, a working capital loan up to 1,500,000,000 Korean won (approx. 165 million yen) will be provided, with repayment funded by cash flows from the Japan rollout. Redstart ENM will become an equity-method affiliate, and the impact on CRAVIA’s financials is under review.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"6573","jir_company_name":"CRAVIA Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-10-06","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/10\/6573-20261006-01.pdf","jir_short_summary":"Aiming to expand K-POP related business, CRAVIA Inc. will acquire 50% of the shares of Redstart ENM Inc., making it an equity-method affiliate. The share transfer price is set at the equivalent of 50,000 won (approx. 5,000 yen) for half of the total issued shares. In addition, a working capital loan up to 1,500,000,000 Korean won (approx. 165 million yen) will be provided, with repayment funded by cash flows from the Japan rollout. Redstart ENM will become an equity-method affiliate, and the impact on CRAVIA's financials is under review.","jir_summary":"### Overview of the Alliance\nCRAVIA Inc. has resolved to enter into a capital and business alliance with Redstart ENM Inc., acquiring half of its shares and making it an equity-method affiliate. The acquisition price is set at 50,000 won (approx. 5,000 yen) for the total issued shares corresponding to 100,000 shares, and total estimated costs including advisory fees are approximately 10,455 thousand yen. A series of procedures, including the execution of the share transfer, will be carried out on the same date.\n\n### Business Strategy and Funding Plan\nBy combining Redstart ENM's artists and content with CRAVIA's distribution and marketing network, joint projects centered on Japan and Korea will be promoted. A working capital loan up to 1,500,000,000 Korean won will be provided, with repayment sourced from cash flows such as the Japan rollout of TIOT. Decisions on the second and third loans will depend on financial conditions, and joint guarantors will be established. A separate disclosure regarding changes to the use of funds has been made.","jir_financial_highlights":"Number of shares acquired: 100,000 shares (Before acquisition 0 shares \u2192 After owns 50.0% of voting rights)\nAcquisition price: 5,000 yen (Equivalent to 50,000 won)\nTotal loan amount: 1,500,000,000 Korean won (Maximum.)\nInterest rate: 6% per annum (Fixed interest rate)","jir_category":"","jir_hashtags":"#CRAVIAInc., #CapitalAndBusinessAlliance, #EquityMethodAffiliate","jir_key_figures":"Number of shares acquired: 100,000 shares\nAcquisition price: 50,000 won (5,000 yen)\nMaximum loan: 1,500,000,000 Korean won\nInterest rate: 6% per annum\nEquity ratio: 50.0%","jir_meta_title":"CRAVIA Inc. Announces Capital and Business Alliance and Share Acquisition with Korean Redstart ENM\uff5cOctober 2026","jir_meta_description":"CRAVIA Inc. has decided on a capital and business alliance with Korean Redstart ENM Inc., acquiring 50% of its shares to make it an equity-method affiliate. A working capital loan is planned to expand Japan-Korea joint business. See the notice for details.","jir_og_title":"CRAVIA Inc. Announces Capital and Business Alliance with Korean Company\uff5cOctober 2026","jir_og_description":"CRAVIA Inc. announced a capital and business alliance with Redstart ENM, acquiring 50% of shares and planning a working capital loan up to 1,500,000,000 Korean won, transitioning to an equity-method affiliate. Watch for future business developments.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":60887,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"m_and_a_alliance","footnotes":""},"sector":[],"importance":[],"class_list":["post-127929","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n