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We completed the divestiture of select overseas studios & IP, as announced in our August 26, 2022 release entitled “Completion of Share Transfer with Change to Subsidiaries.”
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As part of our efforts to strengthen our IP ecosystem, we are moving forward with the reshaping of our portfolio in the Digital Entertainment segment and the strengthening of our publishing structure.
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We will focus resources into developing attractive titles for the global market and work on bolstering our internal development function. Rather than limiting ourselves to full ownership, we will invest in development studios using a range of capital structures, thereby enriching our portfolio and achieving sustained growth, while diversifying our investment risk.
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As part of plans to bolster our publishing structure, we are working on enhancing our global publishing function through the appointment of Chief Publishing Officers (CPOs).
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Our work in taking on new domains is largely focused on blockchain entertainment. Despite volatility in the value of cryptocurrencies, we view our efforts in the blockchain entertainment domain as very important initiatives from a long-term perspective.
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In the field of blockchain game/entertainment development, we are engaged in projects such as “Shi-San-Sei Million Arthur” and “SYMBIOGENESIS.”
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We are working on several initiatives involving investment in the blockchain entertainment domain, as we believe it important to collaborate with a variety of business partners.