Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
May 29, 2026
Company name: GREE Holdings, Inc.
Name of representative: Yoshikazu Tanaka; Founder,
Chairman and CEO (Securities code: 3632; Tokyo
Stock Exchange Prime Market)
Inquiries: Toshiki Oya; Director, Senior Vice President, CFO
(Telephone: +81-3-5770-9500)
Notice Regarding Establishment of Intermediate Holding Companies and Changes in Subsidiaries through In-Kind ContributionGREE Holdings, Inc, (the "Company") hereby announces that our Board of Directors, at a meeting held on May 29, 2026, resolved to establish two intermediate holding companies to centralize the business strategy formulation and decision-making functions of the respective operating subsidiaries in the VTuber business segment and the IP business segment, and to contribute the shares of each operating subsidiary from the Company to the newly established intermediate holding companies as an in-kind contribution (hereinafter the "Organizational Restructuring"), as follows.
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Purpose of the Organizational Restructuring
Following its transition to a pure holding company structure (transformation into a holding company) in January 2025, the Company has strived to build a framework that enables each operating subsidiary to conduct business operations autonomously and swiftly. This has been achieved by specializing the functions of the holding company in group-wide strategy formulation and management control, while promoting a significant delegation of authority to each operating subsidiary.
Now, as the next step in this pure holding company structure, for the purpose of further enhancing the Group's overall corporate value and maximizing management efficiency, the Company has decided to newly establish intermediate holding companies to oversee the VTuber business segment and the IP business segment, respectively.
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Overview of the Intermediate Holding Companies to be Established
No.1
(1)
Name
GREE Live Entertainment, Inc.
(2)
Location
Roppongi Hills Gate Tower, 6-11-1 Roppongi, Minato-ku, Tokyo, Japan
(3)
Title and name of representative
Eiji Araki, CEO
(4)
Description of business
Business strategy formulation, corporate management, etc. for the Company's VTuber Business Segment
(5)
Share capital
1 million yen
(6)
Date of establishment
May 1, 2026
(7)
Major shareholders and shareholding ratios
The Company 100%
(8)
Relationship between the listed company and the intermediate holding company
Capital relationship
The intermediate holding company was established as a wholly-owned subsidiary of the Company.
Personal relationship
A Director of the Company concurrently serves as CEO of the intermediate holding company.
Business relationship
As the intermediate holding is newly established, there are no applicable matters at present.
However, transactions within the corporate group are expected to occur going forward.
(9)
Financial position and operating results for the most recent three years
As the intermediate holding company is newly established, there are no applicable matters.
No.2
(1)
Name
GREE Creative Entertainment, Inc.
(2)
Location
Roppongi Hills Gate Tower, 6-11-1 Roppongi, Minato-ku, Tokyo, Japan
(3)
Title and name of representative
Eiji Araki, CEO
(4)
Description of business
Business strategy formulation, corporate management, etc. for the Company's IP Business Segment
(5)
Share capital
1 million yen
(6)
Date of establishment
May 1, 2026
(7)
Major shareholders and shareholding ratios
The Company 100%
Relationship between the listed company and the intermediate holding company
Capital relationship
The intermediate holding company was established as a wholly-owned subsidiary of the Company.
(8)
Personal relationship
A Director of the Company concurrently serves as CEO of the intermediate holding company.
Business relationship
As the intermediate holding is newly established, there are no applicable matters at present.
However, transactions within the corporate group are expected to occur going forward.
(9)
Financial position and operating results for the most recent three years
As the intermediate holding company is newly established, there are no applicable matters.
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Overview of the Transferring Subsidiaries
Subsidiaries to be placed under GREE Live Entertainment, Inc.
(1)
Name
REALITY, Inc.
REALITY Studios, Inc.
(2)
Location
Roppongi Hills Gate Tower, 6-11-1 Roppongi, Minato-ku, Tokyo, Japan
Roppongi Hills Gate Tower, 6-11-1 Roppongi, Minato-ku, Tokyo, Japan
(3)
Title and name of representative
Eiji Araki, CEO
Kosuke Sugiyama, CEO
(4)
Description of business
VTuber Platform Business
VTuber Production Business
(5)
Share capital
10 million yen
10 million yen
Subsidiaries to be placed under GREE Creative Entertainment, Inc.
(1)
Name
GREE Entertainment, Inc.
DADAN, Inc.
(2)
Location
Roppongi Hills Gate Tower, 6-11-1 Roppongi, Minato-ku, Tokyo, Japan
Roppongi Hills Gate Tower, 6-11-1 Roppongi, Minato-ku, Tokyo, Japan
(3)
Title and name of representative
Yohei Kakinuma, CEO
Keita Nakamura, CEO
(4)
Description of business
Anime Business, Merchandising Business, etc.
Entertainment Solution Business
(5)
Share capital
101 million yen
1 million yen
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Method and Schedule of the Organizational Restructuring
The Organizational Restructuring is scheduled to be executed via an in-kind contribution, whereby the Company will contribute all shares of the target operating subsidiaries it holds in exchange for new shares to be issued by the intermediate holding companies to the Company.
Board of Directors' resolution regarding the Organizational Restructuring: May 29, 2026
Transfer of shares through in-kind contribution: July 1, 2026 (scheduled)
- Future Outlook
The impact of the Organizational Restructuring on the Company's consolidated operating results for the current fiscal year is immaterial.