CERES INC. September 2,2021 | |
For Immediate Release | |
Company name | CERES INC. |
Representative | Satoshi Takagi , President and Representative Director |
（Code：3696 TSE First Section） | |
Contact | Yasuhiro Kobayashi , Managing Director & |
General Manager of Administration Division | |
Telephone | +81-3-5797-3347 |
Notice Concerning Capital and Business Alliance Established by the Company's Equity Method Affiliate
CERES INC. (the "Company") announced today that bitbank, Inc. (head office: Shinagawa-ku Tokyo, President and Representative Director: Noriyuki Hirosue, hereinafter "bitbank"), its equity method affiliate, has established a capital and business alliance with mixi, Inc. (head office: Shibuya-ku, Tokyo, President and Representative Director: Koki Kimura, Securities Code: 2121, hereinafter "mixi"), and decided to raise a total of 7.5 billion yen through a third-party allotment of shares to mixi, coupled with additional investment to be made by the Company. Details are as follows.
記
１．Background of the capital and business alliance
The Company engages primarily in the planning, development and operation of online media services for smartphones. It also offers a reward points service, through which users are able to convert points into cash, e-money, etc. The Company defines such points as a kind of virtual currency (tokens) and believes that they have a high level of compatibility with crypto- assets (tokens) and blockchain technologies that are becoming popular around the world. In response to progress toward a non-cash settlement society (roughly equivalent to the token economy), the Company has been offering crypto assets- and blockchain-related services through Mercury Inc., an operator of the "CoinTrade" crypto-assets exchange, and bitbank, an equity method affiliate that operates as Japan's major crypto-assets exchange. Through these services, it has been continuing to actively expand business.
２．Overview of the capital and business alliance
With the crypto-assets market expected to expand going forward, the capital and business alliance between bitbank and mixi will make it possible to strengthen the financial soundness of bitbank, and to facilitate investment for the further expansion of existing businesses, while creating new businesses such as IEO, staking, custody, NFT and L2 settlements. The Company also believes that it will be possible to create unprecedented value by leveraging the latest technologies in crypto- assets, an area where bitbank demonstrates its strength, and synergies with the user base and content of the range of services offered by mixi.
mixi will underwrite 7 billion yen from the third-party allotment of shares implemented by bitbank, and it stake in bitbank will become 26.2% after the completion of the financing. The Company will underwrite 0.5 billion yen in the form of additional investment. When the financing is complete, its stake will become 22.4%, and bitbank will continue to be an equity-method affiliate of the Company.
３．Summary of the equity-method affiliate companies
（１） | Company name | bitbank, inc. | ||||
（２） | Address | 141-0031 7th floor, KDX Nishigotanda Building, 7-20-9 Nishigotanda, Shinagawa- | ||||
ku, Tokyo, Japan | ||||||
（３） | Name and title of | CEO Noriyuki Hirosue | ||||
representative | ||||||
（４） | Description of business | Crypto asset exchange related services | ||||
（５） | Stated capital | JPY 1.14 billion | ||||
（６） | Established | May 2014 | ||||
４．Summary of the business alliance partner | ||||||
（１） | Company name | mixi,Inc. | ||||
（２） | Address | Shibuya Scramble Square 36F, 2-24-12 Shibuya, Shibuya-ku, Tokyo, 150-6136, | ||||
Japan | ||||||
（３） | Name and title of | President and Representative Director Koki Kimura | ||||
representative | ||||||
（４） | Description of business | Digital Entertainment,Sports,Lifestyle | ||||
（５） | Stated capital | JPY9.69 billion | ||||
（６） | Established | June 1999 | ||||
Shareholding | ||||||
（７） | percentage of major | Kenji Kasahara(43.78%) | ||||
shareholders* | ||||||
Capital | No applicable items. | |||||
relationship | ||||||
Personnel | No applicable items. | |||||
Relationship between | relationship | |||||
listed company and | ||||||
（８） | Transactional | No applicable items. | ||||
this company | relationship | |||||
Applicability | ||||||
to related | No applicable items. | |||||
parties | ||||||
（９） | Results of operations and consolidated financial position of the three previous fiscal years | |||||
Fiscal year-end | March 31, 2019 | March 31, 2020 | March 31, 2021 | |||
Net assets | 178,990 million yen | 181,305 million yen | 189,590 million yen | |||
Total assets | 192,955 million yen | 202,814 million yen | 226,356 million yen | |||
Net assets per share | 2,368.05 yen | 2,390.52 yen | 2,497.55 yen | |||
Net sales | 144,032 million yen | 112,171 million yen | 119,319 million yen | |||
Operating profit | 41,033 million yen | 17,147 million yen | 22,928 million yen | |||
Ordinary profit | 41,120 million yen | 16,915 million yen | 23,019 million yen | |||
Profit attributable to owners of | 26,521 million yen | 10,760 million yen | 15,692 million yen | |||
parent | ||||||
Earnings per share | 350.26 yen | 142.80 yen | 208.24 yen | |||
Dividends per share | 120.00 yen | 110.00 yen | 110.00 yen | |||
*As of March 31,2021
５．Schedule
（１） Date of bitbank extraordinary general
meeting
September 2,2021
（２） Date of conclusion of capital & business
alliance agreement at bitbank
６．Future outlook
September 2,2021
Please refer to " Notice of Revisions to Consolidated Financial Results Forecasts for FY2021" disclosed separately today .
End of Document
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Ceres Inc. published this content on 02 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 September 2021 08:01:08 UTC.
