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Digital Garage establishes
DG Incubation, a Wholly-owned Subsidiary
To Promote Agility and Efficiency in Managing Investment in
Developing New Businesses and Strategic Investment
Digital Garage, Inc. (JASDAQ Security code: 4819, Head office:
Shibuya-ku, Tokyo, President & Group CEO: Kaoru Hayashi,
henceforth DG) will launch a wholly-owned subsidiary, DG
Incubation, Inc., on 29 July, aiming at the agile and efficient
management of investment in developing new businesses and strategic
investment.
DG is currently promoting its business strategy support venture
capital business within a section attached to the Solutions
Division and the Portal/Gateway Division, the company's business
mainstays. The launch of DG Incubation, Inc. will establish,
intensify and expand the functions of its business strategy
support venture capital business. It will enable DG to swiftly
discover, evaluate and foster companies that will contribute
to the consolidated operating results of the DG Group. DG
Incubation will serve as an intermediary for those companies
and invite majority investment from DG's main body.
The functions of its business strategy support venture capital
business, previously handled by DG, will be transferred to
DG Incubation. Along with this transference, the operating
results of the business will be reflected in the operating
section of the profit-and-loss statement in the consolidated
financial statements.
DG Incubation plans to aggressively invest in unlisted companies,
by forming venture funds jointly with venture capitalists
and business partners. By effectively facilitating synergy
between new investee companies and DG group companies, DG
Incubation aims at generating income as a result of the well-planned
sale of equities.
| The profile of DG Incubation, Inc. is as
follows: |
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Trade name: |
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DG Incubation, Inc. |
Corporate Purpose
and Main Business: |
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-Purchasing, investing in, holding and managing
securities.
-Consultancy on general business and public offerings.
-Operation and management of limited partnership investments. |
| Established: |
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July 29, 2005 |
| Head office location: |
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2-43-15 Tomigaya, Shibuya-ku, Tokyo |
| Representative: |
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Kaoru Hayashi (CEO of DG) |
| Capital: |
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50 million yen |
Major shareholders and
ratio of share holdings: |
|
Digital Garage, Inc.,
100% |
Total number of
outstanding shares: |
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1,000 shares |
| End of fiscal year: |
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End of June |
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