#Japan #Shibuya #SUPER STATE HOLDINGS #AniTone #lucida Corporation

Organizational Restructuring at SUPER STATE HOLDINGS

SUPER STATE HOLDINGS, based in Shibuya, Tokyo, has announced a comprehensive organizational restructuring aimed at enhancing management efficiency and accelerating decision-making processes. This strategic move comes as part of the company's ambition to solidify its foundations for further growth in the entertainment industry in a holistic manner.

Background and Objectives of the Restructuring

The company aspires to be a comprehensive entertainment producing company that embraces a 360-degree approach to various facets of the entertainment realm. To facilitate a swifter and more efficient management structure, the organizational restructuring is intended to foster synergies and improve inter-departmental collaborations across its diverse range of businesses.

As part of this restructuring, a portion of the subsidiaries will undergo a management buyout (MBO) with Okazaki Holdings acquiring all shares. SUPER STATE HOLDINGS is committed to maintaining and enhancing collaboration with these subsidiaries for shared progress.

Key Aspects of the Restructuring

Restructuring of AniTone Corporation: Focus on Anime, Music, and Publishing

Through this reorganization, SUPER STATE HOLDINGS will consolidate several companies including iTokyo Corporation, B.B.Q, and Bittersweet Entertainment under the umbrella of AniTone Corporation, which specializes in anime, music, and publishing. This move aims to strengthen the operational framework of these sectors and enhance cooperation across the group, to streamline efforts in promoting their combined initiatives.

Transfer of lucida Corporation, Inc. Shares to Management

In recognition of the rapid evolution within the U.S. Vtuber market, SUPER STATE HOLDINGS has held extensive discussions with lucida Corporation's management team. The corporation's ongoing demands require decisions that can be made swiftly and flexibly, thus the complete transfer of stock to the current management has been determined as the optimal strategy. This step is anticipated to enable lucida Corporation to progress as an independent entity towards ambitious growth.

MBO of Six Subsidiaries

Another crucial part of this restructuring entails the management buyout of six subsidiaries which will now be under Okazaki Holdings. The involved companies include:

• - Scarab Studio
• - SLP Corporation
• - Bond Inc.
• - Comics Corporation
• - 3bitter Corporation
• - TwentyFour Corporation

Post-transfer, SUPER STATE HOLDINGS intends to continue nurturing partnerships with Okazaki Holdings and these companies, leveraging mutual strengths to embark on new ventures together.

Details About Okazaki Holdings

• - Name: Okazaki Holdings
• - Location: 2-2-8 Minamiaoyama, Minato-ku, Tokyo
• - CEO: Taisuke Okazaki
• - Business Focus: Support related subsidiary businesses, strategic planning, and execution
• - Capital: 30 million yen
• - Company Website: okazakihd.com

Future Directions

Looking ahead, SUPER STATE HOLDINGS is committed to pursuing new avenues and partnerships through mergers and acquisitions (M&A) and investments in the realm of 360-degree entertainment. The organization aspires to create experiences that enrich daily life through outstanding entertainment by tapping into the vast potentials that lie ahead.

SUPER STATE HOLDINGS aims to distinguish itself as a leading entertainment enterprise in Japan, actively spearheading growth initiatives and supporting its various group companies.

As a group that houses numerous businesses in the entertainment sector, SUPER STATE HOLDINGS stands poised to take on new challenges and maintain its edge in an industry characterized by rapid change and innovation.