iXIT Corporation

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iXIT Corporation
Native name
iXIT株式会社
Kabushiki gaisha iXIT kōporēshon
Formerly called
Index Corporation (2014-2016)
Kabushiki gaisha
Subsidiary
Industry Information and communications technology
Founded April 1, 2014
Headquarters Taishidō, Setagaya, Tokyo, Japan
Key people
Shunichi Nakagawa (President and Representative Director)[1]
Mutsu Kawakami (Chief Manager)
Parent Sawada Holdings Co, Ltd.
Subsidiaries Index Asia Co, Ltd.
Website www.ixit.co.jp

iXIT Corporation (iXIT株式会社, Kabushiki gaisha iXIT kōporēshon), formerly known as Index Corporation (株式会社インデックス, Kabushiki gaisha Indekkusu kōporēshon), is a Japanese corporate information and communications technology company owned by Sawada Holdings.

"Index Corporation" was a corporate name used by three different Japanese companies, between 1997 to 2016, the last one being founded in April 2014. All three incarnations of Index Corporation had been linked to the video game brand Atlus at one time or another. The original Index Corporation was founded in 1995 and acquired Atlus in 2006. It went bankrupted in June 2013 while still owning Atlus.

In September 2013, Sega created the shell corporation Sega Dream Corporation with the sole intent of purchasing the assets of Index Corporation. Sega Dream was renamed Index Corporation in November 2013 and gained possession of Atlus' name and intellectual properties. In April 1, 2014, the new Index Corporation was renamed Atlus, but was amputated from its non-gaming business that Sega transferred the same day to a new company called Index Corporation. In 2015, Sega sold Index Corporation to Sawada Holdings. Index Corporation was renamed as iXIT Corporation in July 2016.

History[edit]

The Index Corporation logo until April 2014

Index Corporation Ltd. was founded on 1 September 1995 as a mobile content service provider. It adopted the name of Index only in 1997 and expanded into one of Japan's most successful companies, with acquisitions into several communications and entertainment ventures, including the anime studio Madhouse, game companies Atlus and Interchannel, and major movie studio Nikkatsu. It also made inroads into numerous worldwide ventures, including the United States, United Kingdom and France, where it owned the football club Grenoble Foot 38, which, upon Index's acquisition, achieved promotion to Ligue 1.[2] Up to 2013, Index Corporation had sold most of its subsidiaries. In June 2013, following investigations for fraud, Index Corporation was forced to file for civil rehabilitation bankruptcy.

On November 9, 2010, Index Holdings (株式会社インデックス・ホールディングス) announced its renaming to Index Corporation (株式会社インデックス), to be confirmed on the 15th shareholders meeting on 25 November 2010, effective on 1 December 2010.[3][4] On June 27, 2013, following an investigation for fraud,[5] Index Corporation filed for civil rehabilitation bankruptcy due to a debt consisting of 24.5 billion yen.[6][7][8]

On September 18, 2013, it was reported that Sega Sammy Holdings had won a bid to acquire Index for 14 billion yen.[9] Sega Sammy Holdings denied taking over Index Corporation at first,[10] however it announced later that day that Index Corporation would sell the digital game business, contents and solution business, and amusement business to Sega Dream Corporation (株式会社セガドリーム), a subsidiary of Sega Corporation established on September 5, 2013 effective on November 1, 2013. The sales covered fixed assets and intellectual property assets of the announced operations, which included Atlus Holding, Inc. (parent company of Index Digital Media, Inc.), Tiger Mob Limited, Index Corp (Thailand) Ltd., Mobi Town Ltd. However, liabilities including interest-bearing debts would not be taken over.[9][11][12][13] On November 1, 2013, Sega announced that it will rename its subsidiary, Sega Dream Corporation, to Index Corporation (株式会社 インデックス).[14] On February 18, 2014, Sega and Index Corporation announced the separation of Index Corporation's contents and solution businesses into a new subsidiary under the name 'Index Corporation' (株式会社インデックス), while renaming the 'old' Index Corporation and its remaining digital game business division into 'Atlus' (株式会社アトラス), effective on April 1, 2014. The new Atlus would also include the foreign subsidiary Index Digital Media, Inc., which would be renamed to Atlus U.S.A., Inc. at the effective establishment day of the new Atlus.[15][16]

The logo for the reformed Index Corporation under Sega. This logo is currently used by Index Asia Ltd.

On May 28, 2014, Masami Ochiai, Chairman of the former Index Corporation, and his wife Yoshimi Ochiai, president of the company, were arrested by the Tokyo District Public Prosectors Office on suspicion of falsifying stock reports for the company.[17]

On December 1, 2015, as part of a structural reform within the Sega Sammy Holdings group, Sega Holdings sold its shares of Index Corporation to the insurance and financial company, Sawada Holdings. Through this business transfer, Index Corporation became a wholly owned subsidiary of Sawada Holdings.[18] On July 1, 2016, Index Corporation changed its name to iXIT Corporation.[19]

Index Asia Ltd[edit]

Index Asia Ltd., formerly known as Index Corporation Thailand Ltd., is a mobile content and service provider in Thailand that was established in April 2002. Once Index Corporation Thailand Ltd. was amalgamated with Mobi Town Ltd., and Tiger Mob Ltd., the company was re-branded as Index Asia Ltd.[20]

They are a subsidiary of iXIT Corporation that provides mobile software application, licensing and application development services within Thailand. Index Asia Ltd. has a distinctive business structure with three primary services, the Game Publishing & Game Management Services: the service dedicated to video game development and publishing, the Application Development & Solution Provider: the services dedicated to original mobile application developments, and the Mobile Content Aggregator & Provider Services: the services dedicated to mobile content and licensing distribution.[21]

Index Corporation Thailand Ltd., was renamed to Index Asia Ltd. effective 1 July 2015. This was achieved through an amalgamation of Index Corporations remaining subsidiaries: Mobi Town Ltd. and Tiger Mob Ltd. being absorbed into Index Corporation Thailand Ltd. and the surviving company being renamed to Index Asia Ltd. The process was accomplished in the Ministry of Commerce of Thailand.[22]

On December 1, 2015, when the Sega Holdings group sold its shares of Index Corporation to Sawada Holdings, Index Asia Ltd. was transferred over alongside Index Corporation.

Former subsidiaries[edit]

Name Purpose Outcome Ref.
Index Magazines Corporation (株式会社インデックス・マガジンズ) Magazine Subsidiary. Absorbed into Index Communications Corporation effective 22 August 2005. [23]
Nikkatsu Corporation (日活株式会社) Japanese film and entertainment subsidiary. Transferred to SKY Perfect Communications Inc. effective December 2005. [24][25]
Style Index (スタイル・インデックス株式会社) Index Corporation subsidiary. Absorbed into Index Corporation effective 22 August 2005. [23]
Index Media (インデックス ミーメディア株式会社) Index Corporation subsidiary. Absorbed into Index Corporation effective 22 August 2005. [23]
POLLEX (株式会社) Video game publishing subsidiary for South Korea. Absorbed into Hyundai-Index Corporation effective 15 July 2009. [26]
Hyundai-Index Corporation (現代インデックス株式会社) Japanese wholesale and electronics subsidiary. Became independent company effective 15 July 2009. [26]
C&C Media Co.,Ltd (株式会社シーアンドシーメディア) Online video game publisher. Transferred over to Perfect World Co.,Ltd. effective February 1, 2010. [27][28]
Index Europe Holdings Limited European subsidiary for Index Corporation activities. Dissolved effective 30 June 2010. [29]
Netindex ES (株式会社ネットインデックス・イー・エス) Communications device subsidiary. Merged into Netdex Inc,. effective 1 November 2010. [30][31]
Net mobile Inc. (株式会社ネットモバイル) Software marketing subsidiary. Merged into Netindex Inc. effective 1 November 2010. [30][31]
Madhouse Inc. (株式会社マッドハウス) Japanese animation subsidiary. Transferred over to NTV effective 8 February 2011. [32]
Dynamo amusement, Inc. (株式会社ダイナモアミューズメント) CG production studio subsidiary. Became independent company effective March 18, 2011. [33][34][35][36]
Rosso Index K.K. (株式会社ロッソインデックス) Digital gaming publishing subsidiary. Transferred to C FACTORY Co.,Ltd. effective 27, July 2011. [28][37][38][39][40][41]
Index Corporation (株式会社インデックス) Mobile gaming subsidiary. Merged with Atlus Co. effective On 30 August 2011. [42][43][44]
NCXX Inc. (株式会社ネクス) Mobile and wireless service subsidiary. Transferred to Fisco Ltd. effective July 2012. [45]
TEMO Inc. (株式会社テモ) Search application provider. Absorbed into Index Corporation effective 1 November 2012. [46]
Interchannel Co., Ltd. (株式会社インターチャネル) Video game development subsidiary. Video game assets transferred to GungHo Online Entertainment effective November 1, 2007. Interchannel brand dissolved effective September 5, 2013. [47]
Atlus Co., Ltd. (株式会社アトラス) Video game development subsidiary. Transferred to Sega Sammy Holdings effective 5 September 2013. [48]
Index Digital Media, Inc. (Atlus U.S.A.) Video game publisher and licensor subsidiary for North American markets. Transferred to Sega Sammy Holdings effective 5 September 2013. [49]
Index Multimédia SA (インデックス・マルチメディア) Multimedia platform service subsidiary for France. Dissolved effective 17 October 2013. [50][51][52]
Mobi Town Ltd. Index Corporation subsidiary. Absorbed into Index Asia Ltd. effective 1 July 2015. [53]
Tiger Mob Ltd. Index Corporation subsidiary. Absorbed into Index Asia Ltd. effective 1 July 2015. [54]

References[edit]

  1. ^ Company Profile
  2. ^ "Grenoble Foot 38 celebrates the long awaited opening of its new professional soccer stadium, `Stade des Alpes`". Index Corporation. Retrieved 26 January 2011. 
  3. ^ 商号変更および定款一部変更に関するお知らせ
  4. ^ "Index Holdings to Change Company Name". Reuters. 9 November 2010. Retrieved 23 September 2012. 
  5. ^ "Atlus parent company files for Bankruptcy". Siliconera. 27 June 2013. 
  6. ^ "ATLUS’ Mother Company Index Corporation Files for Bankruptcy". Dual SHOCKERS. 27 June 2013. 
  7. ^ "Atlus Games' Index Corporation Files for Civil Rehabilitation Bankruptcy". Siliconera. 27 June 2013. 
  8. ^ 民事再生手続開始の申立てに関するお知らせ
  9. ^ a b Shigeru Sato & Takahiko Hyuga (18 September 2013). "Sega Said to Win Auction to Buy Bankrupt Japan Gamemaker Index". Bloomberg. Retrieved 18 September 2013. 
  10. ^ Nikkei: Sega Sammy to Buy Out Atlus Games' Index Corporation
  11. ^ 株式会社インデックスの事業譲受けに関する契約締結について
  12. ^ 株式会社インデックスの事業譲受けに関する契約締結について
  13. ^ "Notice of Conclusion regarding Business Transfer Agreement of Index Corporation" (PDF). Sega Sammy Holdings Inc. 18 September 2013. Retrieved 18 September 2013. 
  14. ^ 当社子会社の事業譲受に関するお知らせ (in Japanese). Sega Corporation. 1 November 2013. Archived from the original on 6 November 2013. Retrieved 2 November 2013. 
  15. ^ 会社分割(新設分割)及び商号変更に関するお知らせ
  16. ^ 連結子会社の会社分割(新設分割)及び商号変更に関するお知らせ
  17. ^ 2014-06-17 Heads of failed game developer Index Corp. indicted for fraud
  18. ^ "Notice of Conclusion of Transfer Agreement of Subsidiary’s Shares (Index Corporation) by Subsidiary (SEGA Holdings Co., Ltd.)" (PDF). Sega Sammy Holdings. 27 November 2015. Retrieved 22 March 2017. 
  19. ^ "Company Name Change - Index Corporation" (PDF). Sawada Holdings. 27 June 2016. Archived from the original (PDF) on 2016-08-21. Retrieved 27 June 2016. 
  20. ^ Establishment of Index Asia Ltd. from the amalgamation process
  21. ^ Index Asia Ltd, Business Structure
  22. ^ Index Asia Ltd, Corporate History
  23. ^ a b c インデックス、戦略的なCI確立に向けてグループ子会社3社の社名を変更、出版部門2社を合併
  24. ^ 日活株式一部譲渡のお知らせ
  25. ^ Acquisition of Nikkatsu Corporation Shares
  26. ^ a b 当社の子会社である現代インデックス株式会社の株式譲渡に関するお知らせ
  27. ^ 連結子会社(孫会社)の株式譲渡に向けた基本合意締結に関するお知らせ
  28. ^ a b 当社連結子会社の株式譲渡契約締結に関するお知らせ
  29. ^ 当社子会社(Index Europe Holdings Limited)の解散及び清算に関するお知らせ
  30. ^ a b 子会社の合併に関するお知らせ
  31. ^ a b 連結子会社との合併に関するお知らせ
  32. ^ "NTV to Make Madhouse Anime Studio Its Subsidiary". Anime News Network. 2011-02-08. Retrieved 2013-04-12. 
  33. ^ 社名変更についてのお知らせ
  34. ^ 社名変更のご案内
  35. ^ DYNAMO AMUSEMENT
  36. ^ http://dynapix.jp/about/
  37. ^ 当社子会社(株式会社アトラス)における 株式会社ゴンゾロッソの株式取得(子会社化)に関するお知らせ
  38. ^ 2010/02/01 社名変更のお知らせ
  39. ^ 子会社および孫会社の異動ならびに特別損失の発生に関するお知らせ
  40. ^ 2011/08/1 親会社の異動に関するお知らせ
  41. ^ "Index Holdings to Sell Shares of Subsidiary". Reuters. 27 July 2011. Archived from the original on 28 June 2013. 
  42. ^ "History". Square Enix Holdings. Archived from the original on 2012-03-01. Retrieved 2009-12-04. 
  43. ^ 当社連結子会社の吸収合併に関するお知らせ (簡易合併・略式合併)
  44. ^ インデックス・ホールディングス、連結子会社の吸収合併に関するお知らせ ~グループ価値最大化を図りインデックス、アトラスの2社を吸収合併~
  45. ^ http://www.fisco.co.jp/en/about/corporateinfo.html
  46. ^ 合併公告
  47. ^ Thomson Financial. Thomson Financial. October 15, 2007. p. 39. 
  48. ^ "Notice of Conclusion regarding Business Transfer Agreement of Index Corporation" (PDF). Sega Sammy Holdings Inc. 18 September 2013. Retrieved 18 September 2013. 
  49. ^ "Notice of Conclusion regarding Business Transfer Agreement of Index Corporation" (PDF). Sega Sammy Holdings Inc. 18 September 2013. Retrieved 18 September 2013. 
  50. ^ 123 becomes Index Multimedia
  51. ^ INDEX MULTIMEDIA, decision from the Tribunal de Commerce of Toulouse
  52. ^ INDEX MULTIMEDIA : Decision of the Toulouse Court of Commerce
  53. ^ Establishment of Index Asia Ltd. from the amalgamation process
  54. ^ Establishment of Index Asia Ltd. from the amalgamation process

External links[edit]