• Disclosure

Notice of Establishment of Social App payment Service Co., Ltd.

The Company hereby announces that at the Board of Directors meeting held on February 18, 2022, it was resolved to establish the subsidiary as follows.

Record

1.subsidiary Purpose of establishment

In the payment service of social apps (applications such as games and tools that run on social networking services (SNS) and are community-based and take advantage of user connections and interactions), We have decided to establish subsidiary as a planning and preparation company in order to enable a cycle of service development that takes advantage of the strengths of the social application providers (SAPs) that are users, aggregation and prompt reflection of user needs, profit sharing through dividends to each user, and investment in new development.

 

2. Outline of the subsidiary to be established

(1)

Title

Social Apps payment Service Co., Ltd.

(2)

Location

Shibuya-ku, Tokyo

(3)

Representative

Representative Director Ryu Muramatsu

(4)

Business Description

payment processing services credit cards and other services specialized in social apps and all services incidental to them

(5)

Capital

3 million yen

(6)

Established

February 24, 22 (planned)

(7)

Major shareholders and shareholding ratio

GMO Payment Gateway, Inc. 100%

3. Schedule

(1) Resolution of the Board of Directors: February 18, 22

(2) Date of establishment: February 24, 22 (planned)

4. Future outlook

In addition to social app payment services, we will also develop our business with the assumption that it will be linked to related services incidental to this field, such as smartphone-related applications, advertising delivery server business, and point services.

In addition, we expect investment from partners and users around April 22.

The impact of this incident on the Company's performance for the current fiscal year is insignificant.

Above

 

Reference: Consolidated Results forecast for the current fiscal year (announced on November 9, 21) and consolidated Actual for the previous fiscal year

 

Consolidated net sales

Consolidation operating profit

Consolidated Ordinary Income

Consolidation net income

Current Fiscal Year Consolidated Results Forecast

(September 22)

3,099

1,119

1,113

585

Previous Fiscal Year Consolidation Actual

(September 21)

2,546

926

927

524