SEGA Has Transferred All Index Shares To Sawada Holdings
SEGA’s restructure has defined 2015. In fact it has more than defined it, it has dominated it. Even now with the final month of the year approaching SEGA is still carrying out its restructure plans. This is one of them, according to our friends at SEGA Nerds.
SEGA Sammy has put out a press release announcing that one of their subsidiaries, SEGA Holdings, has transferred all of Index’s shares to Sawada Holdings.
Notice of Conclusion of Transfer Agreement of Subsidiary’s Shares (Index Corporation) by Subsidiary (SEGA Holdings Co., Ltd.) It is hereby notified that a decision was made that SEGA Holdings Co., Ltd., a subsidiary of SEGA SAMMY HOLDINGS INC. (the “Company”), will transfer all shares of Index Corporation to Sawada Holdings Co. Ltd., as described below.
Description 1. Reason of transfer of shares The Group has been putting forth efforts on structural reform in order to review the earnings structure of the entire Group from a mid to long-term perspective. The Group has developed a structure to enable investment of management resources in growth areas, which include new fields such as Digital Games and Resort Business in Japan and abroad, while addressing issues in existing businesses. As part of reviewing a business portfolio held by the Group and pressing further ahead with business restructuring, shares of Index Corporation will be transferred as described below. Furthermore, Index Corporation and the Group intend to maintain a mutually friendly relationship going forward, including business ties.
There are two reasons why this was done. Firstly the move will make further restructuring easier. Secondly it will help with reviewing its business portfolio.
So how does this impact Atlus? It doesn’t. Index and Atlus are no longer a single entity and haven’t been since they were acquired by SEGA. They have been separated ever since. Atlus is still owned by SEGA. As for Index they and SEGA will be developing partnership projects together.
This post was originally written by the author for TSSZ News.