CAVE Interactive CO.,LTD. [3760.T]
TOKYO, Mar 31 (Pulse News Wire) – Cave Interactive CO.,LTD. (3760.T) resolved today to transfer its wholly-owned subsidiary, capable, to OverTime Co.
As part of its strategy to improve profitability. Capable was established in November 2019 to support creators in live streaming and YouTube but faced challenges due to changing social conditions post-pandemic. The decision follows thorough evaluation and comparison with multiple potential buyers, focusing on minimizing losses for the group. Capable's total equity deficit stood at ¥255 million as of February 2026, leading to debt relief agreements with major shareholders MOMO Creative Pte.
Ltd. and Okamoto Yoshiki, totaling ¥104 million. The transfer price remains undisclosed due to confidentiality agreements but is considered reasonable given Capable’s limited stock value. In related developments, CAVE Interactive also secured debt forgiveness from its creditors, reducing Capable’s debt burden significantly.
The transaction is expected to minimize future loss risks associated with non-profitable operations and allow the parent company to focus resources on more profitable ventures.
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