About AOI TYO Holdings Inc.

  • Please give an overview of AOI TYO Holdings.

    AOI TYO Holdings is a holding company established in January 4, 2017 through a joint stock transfer of AOI Pro. and TYO.

    Please refer to the page titled “Profile” for details.

  • What does “Holdings” mean?

    “Holdings” means a holding company. AOI TYO Holdings was established as a ”pure holding company.”

    A pure holding company is positioned as the core company of a corporate group; it holds stocks issued by other companies in the same group and in turn receives dividends, among others.

    Dividend income is its main source of revenue.

    The pure holding company itself does not conduct businesses such as commercial film production.

  • What is the role of AOI TYO Holdings within the corporate group?

    The holding company supervises the group companies and proposes mid- to long-term strategies, and allocates operational resources; this is performed in a streamlined manner and for the purpose of maximizing the value of group companies.

  • When does your fiscal year end? When do you release your earnings results?

    Our fiscal year ends on December 31. Our earnings results are released in mid-February each year.

    We update our earnings release date in the “IR Calendar” when it is decided.

About stocks

  • Where is your stock listed?

    Our stock is listed on the First Section of the Tokyo Stock Exchange.

  • When did you list your stocks?

    We listed our stocks on the same date as the company was established: January 4, 2017.

    It should be noted that AOI Pro. and TYO, which had been listed on the First Section of the Tokyo Stock Exchange, were delisted effective as of December 28, 2016.

  • What is your security code?

    Our security code is “3975.”

  • What is the unit number of shares?

    Our unit number of shares is 100.

  • What should I do with odd-lot shares?

    You may continue holding odd-lot shares or request their sale or purchase.


    (1) Request to sell odd-lot shares
    Because odd-lot shares cannot be sold on the stock market, you can request their sale to the issuing company at market price.

    For the actual procedure, please contact the securities company, etc. with which you maintain an account.


    (2) Request to purchase odd-lot shares

    You can request the purchase of the necessary number of shares from the issuing company at market price to make your odd-lot shares up to one unit (100 shares). (For example, if you hold 60 shares of the company, you can ask the company to sell you 40 shares to have your shares constitute one unit.)

    For the actual procedure, please contact the securities company, etc. with which you maintain an account.


    (3) You may continue holding them.

    Although odd-lot shares cannot be sold on the stock market and carry no voting rights, you may continue holding them. You can still receive dividends per share even if your shares are odd-lot shares.

  • When do you hold a general shareholders’ meeting? What is the record date of a general shareholders’ meeting?

    A general shareholders’ meeting is held in March each year. The record date for a general shareholders’ meeting is December 31.

  • We want to know specific procedures concerning stocks.

    Please contact the securities company, etc. with which you maintain an account.

About Management Integration

  • What happened to the originally owned stocks of AOI Pro. or TYO following management integration?

    Stocks of the newly established “AOI TYO Holdings Inc.” were allotted on January 4, 2017 in accordance with the number of stocks of AOI Pro. or TYO owned as of January 3, 2017, which is immediately before management integration.

  • After the allotment of new company’s shares, fractional shares (a share that falls short of one share) were generated. What should I do?

    If you owned stocks issued by TYO, you may have received fractional shares depending on the number of TYO shares you owned. In such a case, we pay you the value of your fractional shares (market price).
    When fractional shares are caused, a cash payment is processed automatically; accordingly, you do not need to make a payment application or share purchase request to the company.
    We already sent shareholders with fractional shares a “receipt of fractional shares sales proceeds” in mid-February 2017 to the addresses stated in the shareholders’ registry.

  • What is a stock transfer?

    A stock transfer is one of the methods taken when an existing company sets up a wholly-owning parent company. This time, a new company was established by transferring all of the shares owned by shareholders of AOI Pro. and TYO, who in turn received shares issued by the newly established company named “AOI TYO Holdings Inc.” (joint holding company) to become its shareholders.
    The two companies did not merge, but chose to continue operating their businesses by becoming subsidiaries of the newly established company with retaining the value of their respective brands.

  • What was the stock transfer ratio?

    We allotted one ordinary stock of AOI TYO Holdings for one ordinary stock of AOI Pro. and 0.18 ordinary stock of AOI TYO Holdings for one ordinary stock of TYO. Please note that number of shares per unit of AOI TYO Holdings is 100 shares.

  • Why is the number of shares allotted for one ordinary stock of TYO smaller than that allotted for one ordinary stock of AOI Pro.?

    The number of shares allotted is affected by the difference in the total number of shares issued by the two companies.

    If we compare the market capitalization of the two companies as of the time of concluding the management integration agreement, AOI Pro. amounted about 13 billion yen and TYO amounted to about 10.3 billion yen (*as of July 28, 2016), so their values were similar in terms of market capitalization.

    But, the total number of shares issued was 13,335 thousand shares for AOI Pro. and 62,399 thousand shares for TYO, meaning that the number of shares issued by TYO was approximately 4.7 times greater than that issued by AOI Pro.

    Taking into account this multiple of around 4.7, the stock transfer ratio was decided at 0.18.

  • What happened to the stocks of AOI Pro. or TYO owned by the NISA account?

    The allotment of new stocks for AOI Pro. or TYO stocks owned by the NISA account was conducted automatically.
    Stocks after allotment are not subject to a tax exemption for fiscal 2017, but remain subject to a tax exemption for the fiscal year when stocks of AOI Pro. or TYO were originally incorporated in NISA.

  • What happened if one had owned stocks of both AOI Pro. and TYO?

    If a person had held stocks of the two companies, that person was identified when he/she was allotted stocks of the new company in accordance with the number of shares owned of the respective company. (If he/she held stocks in different security accounts, stocks of the new company were allocated to each security account separately.)

  • What are the merits of management integration?

    By establishing a joint holding company structure, we will be able to allocate the management resources of the two companies to growth areas more efficiently under a common management strategy, thereby improving the responsiveness and efficiency of management. This also enables us to take forward-looking risks more aggressively, enhancing our adaptability to changes in the industry.
    In addition, our capability for developing new film production technologies such as VR and AR is also expected to improve substantially by combining the management resources of the two companies. We believe this will strengthen our competitiveness when building a more advanced business model.