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WOWOW takes 51% of Lemino JV with NTT Docomo, closes ¥841.1 million placement

Thu, Oct 01, 2026 15:30 JST WOWOW Inc. (4839.T) Broadcasting 中文

WOWOW Inc. (4839) said on Oct. 1 it has completed the joint venture that takes over NTT Docomo's Lemino video streaming business, with WOWOW holding 51% of the new company, and has received ¥841.1 million from issuing 815,800 new shares to Docomo at ¥1,031 each.

WOWOW stake in JV51%
New shares issued815,800 shares
Issue price¥1,031 per share
Proceeds¥841.1 million

Under the capital and business alliance approved by WOWOW's board on June 15, 2026, and announced on June 16, WOWOW set up a new company, to which NTT Docomo transferred its Lemino entertainment video streaming business through an absorption-type company split in exchange for the new company's shares. Docomo then transferred shares of the new company to WOWOW, leaving WOWOW with 51% and Docomo with 49%.

The company split, the share transfer, the payment for the third-party allotment and the start of the new company's operations all took effect on Oct. 1. The new company's name was finalized as WOWOW Lemino.

ItemFigure
Shares outstanding before (June 30, 2026)28,844,400
New shares issued815,800
Shares outstanding after29,660,200
Capital after¥5.42 billion

With ¥515.5 per share allocated to capital, WOWOW's capital rose by ¥420.5 million, from ¥5.0 billion.

The new company, based in Akasaka, Minato-ku, Tokyo, has capital of ¥100 million, was established on June 17, 2026, and has a March 31 fiscal year-end. It is a consolidated subsidiary of WOWOW, and WOWOW employees serve concurrently as its officers.

WOWOW said it is still assessing the impact on its consolidated results for the fiscal year ending March 2027 and will promptly disclose any matters that require disclosure.


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