BANDAI NAMCO Holdings announces the conclusion of a capital and business alliance with Toho

On August 23, 2024, Bandai Namco Holdings announced in a press release posted on the company's official website that it has entered into a capital and business alliance with Toho.

The announcement states that `` By leveraging the strengths of both companies, we will plan and develop original IP, produce videos, and develop products and services based on original IP.'' I can't make out the specific details, but it seems certain that they are putting effort into creating new IP.
In a capital alliance, both companies acquire each other's shares. The total amount of acquisition is expected to be 2.5 billion yen, and in terms of the total number of issued shares, Bandai Namco Holdings will have acquired 0.13% and Toho will have acquired 0.25%.
For more detailed information, please check the press release "Notice regarding capital and business alliance with Toho Co., Ltd. (Securities code: 9602)" posted on the official website.

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