CyberAgent Announces Shift to Holding Company Structure of netprice, ltd.Tokyo, Japan, Oct 3, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - CyberAgent (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 4751) announced that, at the meeting of the Board of Directors held October 2, 2006, the decision was made that netprice, ltd. (hereinafter here·in·af·ter adv. In a following part of this document, statement, or book. hereinafter Adverb Formal or law from this point on in this document, matter, or case Adv. 1. referred to as "netprice"), a consolidated subsidiary of CyberAgent, Inc., prepare to shift into a structure of a holding company focus on February 1, 2007. While taking the business base built through netprice's Internet online-shopping business, especially "gathering business", as the Group's core business, we consider the continuing change of the Internet environment an opportunity to shift into a new organizational structure  This article has no lead section.To comply with Wikipedia's lead section guidelines, one should be written. . A holding company will be established as an exclusive support function in order to promote new-business development in e-commerce corresponding to these changes. The holding company will consist of required functions for a listed company listed company n → compañía cotizable listed company n → société cotée en Bourse listed company list n → as well as support functions: accounting, finance, management, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , internal auditing, system management, publicity and investor relations Investor relations The process by which the corporation communicates with its investors. . In addition, an incubation incubation /in·cu·ba·tion/ (in?ku-ba´shun) 1. the provision of proper conditions for growth and development, as for bacterial or tissue cultures. 2. function including new-business planning/development and investment, etc.; creating and developing new business opportunities is scheduled to be incorporated. netprice will engage in group management, emphasizing further enhancement of shareholder value by positioning the new holding company as a strategic organization to optimize its entire Group management. As for establishment of the new organizational structure, the business spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. method is scheduled to be adopted. netprice will be a holding company and current businesses of netprice will be transferred to its existing subsidiaries while simultaneously continuing to be listed on Tokyo Stock Exchange Tokyo Stock Exchange Main stock market of Japan, located in Tokyo. It opened in 1878 to provide a market for the trading of government bonds newly issued to former samurai. Mothers market. It is scheduled that current subsidiaries of netprice will basically be positioned as direct subsidiaries of the holding company. The policy stated above is subject to approval by netprice's annual general meeting of shareholders scheduled to be held middle December 2006. The details of transfer methods including corporate division will be provided once determined at future meetings of the board of directors.
1. Overview of CyberAgent, Inc.
Company name: CyberAgent, Inc. (TSE Mothers: 4751)
Head office: 21Fl Shibuya Mark City West
1-12-1 Dogenzaka, Shibuya-ku, Tokyo
Telephone: +81-3-5459-0202
Establishment: March 18, 1998
Capital: 6,708,306,584 yen (as of June 30, 2006)
Representative: President and CEO Susumu Fujita
2. Overview of netprice, ltd.
Company name: netprice, ltd. (TSE Mothers: 3328)
Head office: 17Fl Ebisu Business Tower
1-19-19 Ebisu, Shibuya-ku, Tokyo
Telephone: +81-3-5739-3360
Establishment: November 25, 1999
Capital: 2,324,000,000 yen (as of June 30, 2006)
Representative: President and CEO Teruhide Sato
About CyberAgent, Inc. CyberAgent Inc. (TSE: 4751) is a leading on-line advertising agency and media representative company. Established in 1998, and listed on the Tokyo Mothers Exchange in 2000, the CyberAgent group is committed to contributing to a new society through its work on the internet, not only in its fields of advertising and media, but through finding promising new business, and investing aggressively in developing new business. For more information, please visit http://ir.cyberagent.co.jp/ir_e/ Source: CyberAgent, Inc. Contact: CyberAgent, Inc. Sonoko Miyakawa, Senior Manager (PR & IR) Telephone: +81-3-5459-0227 netprice, ltd.: Koji Nakamura, Corporate Officer and General Manager Management Administration Headquarters Telephone: +81-3-5739-3350 Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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