Source disclosure: February 25, 2026, 15:30 JST
Broadmedia Corporation [4347.T]
TOKYO, Feb 25 (Pulse News Wire) -- Broadmedia Corporation (4347.T), headquartered in Minato Ward, Tokyo, announced today that its board of directors has approved the sale of all shares held by the company in its subsidiary, Dōri Bijon Co., Ltd., to CyberAgent Inc. This transaction will result in Dōri Bijon exiting as a significant subsidiary of Broadmedia. Additionally, the company expects to recognize approximately ¥270 million in extraordinary gains from this stock transfer in its individual financial statements for the fiscal year ending March 2026.
Dōri Bijon, established on March 30, 1998, is known for producing specialized fishing programs and video-on-demand services. The decision to divest comes as part of Broadmedia's strategic realignment aimed at enhancing profitability and capital efficiency across its portfolio. In May 2024, the company outlined mid-term goals of achieving an operating margin of 10 percent and a return on equity (ROE) of 30 percent. To meet these targets, Broadmedia plans to focus on growing its core education and technology segments while considering more fundamental measures for other existing businesses.
Broadmedia currently holds 51.6 percent of Dōri Bijon’s shares, making it the largest shareholder alongside Shimano Corp. and Tōhoku Shinsha Corp. with stakes of 33.4 percent and 15 percent respectively. Financially, Dōri Bijon reported total assets of ¥2.673 billion and net income of ¥70 million for the fiscal year ended March 2025. However, the exact price of the share transfer remains undisclosed due to confidentiality agreements between the parties involved.
The transaction is expected to be finalized on March 3, 2026, with the actual transfer scheduled for March 31, 2026. Following the completion of the deal, Dōri Bijon will no longer be classified under Broadmedia’s broadcasting segment, which is set to be discontinued starting from the fiscal year beginning April 2027. While the extraordinary gain will boost Broadmedia's individual earnings, it will not affect the consolidated results due to offsetting adjustments within the group's financials.
CyberAgent Inc., based in Shibuya Ward, Tokyo, operates in media & IP, internet advertising, gaming, and investment development sectors. With a paid-in capital of ¥7.654 billion, the company is led by Chairman Yoshiyuki Fujita and President Takahiro Yamuchi. The acquisition aligns with both companies' strategies to optimize their portfolios and enhance long-term value creation.
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