Vector to Merge Wholly Owned Subsidiaries to Streamline Operations

MT Newswires Live09-18

Vector (TYO:6058) will merge its wholly owned subsidiaries Starbank and Influencer Bank into Initial, effective Dec. 1, according to a Tuesday filing on the Tokyo Stock Exchange.

Initial, specializing in social media marketing, will absorb Starbank's celebrity and influencer services and Influencer Bank's micro-influencer platform. The merger aims to streamline Vector's marketing operations and enhance efficiency.

The merger will not involve any share allotments or monetary exchanges. Initial will retain its address in Tokyo with a share capital of 10 million yen. Vector will maintain 100% ownership.

Initial will take on Influencer Bank's loss of approximately 290 million yen, expected to reduce corporate taxes by about 100 million yen, benefiting profits for the fiscal year ending February 28, 2025. The impact of Starbank's loss will be minimal.

For the fiscal year ending Feb. 28, 2025, Vector forecasts net sales of 63 billion yen, operating profit of 8.5 billion yen, and profit attributable to owners of the parent of 5 billion yen.

Price (JPY): $917.00, Change: $+12, Percent Change: +1.33%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2468347128?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-18 11:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2468347128","market":"us","top_or_hot":-1,"title":"Vector to Merge Wholly Owned Subsidiaries to Streamline Operations","media":"MT Newswires Live","content":"<html><body><p> Vector (TYO:6058) will merge its wholly owned subsidiaries Starbank and Influencer Bank into Initial, effective Dec. 1, according to a Tuesday filing on the Tokyo Stock Exchange.</p><p>Initial, specializing in social media marketing, will absorb Starbank's celebrity and influencer services and Influencer Bank's micro-influencer platform. The merger aims to streamline Vector's marketing operations and enhance efficiency.</p><p>The merger will not involve any share allotments or monetary exchanges. Initial will retain its address in Tokyo with a share capital of 10 million yen. Vector will maintain 100% ownership.</p><p>Initial will take on Influencer Bank's loss of approximately 290 million yen, expected to reduce corporate taxes by about 100 million yen, benefiting profits for the fiscal year ending February 28, 2025. The impact of Starbank's loss will be minimal.</p><p>For the fiscal year ending Feb. 28, 2025, Vector forecasts net sales of 63 billion yen, operating profit of 8.5 billion yen, and profit attributable to owners of the parent of 5 billion yen.</p><p>Price (JPY): $917.00, Change: $+12, Percent Change: +1.33%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vector to Merge Wholly Owned Subsidiaries to Streamline Operations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVector to Merge Wholly Owned Subsidiaries to Streamline Operations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-18 11:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Vector (TYO:6058) will merge its wholly owned subsidiaries Starbank and Influencer Bank into Initial, effective Dec. 1, according to a Tuesday filing on the Tokyo Stock Exchange.Initial, specializing ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VAQC","symbol_name":"Vector Acquisition Corporation II","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2468347128","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468347128","pubTimestamp":1726629388,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Vector  will merge its wholly owned subsidiaries Starbank and Influencer Bank into Initial, effective Dec. 1, according to a Tuesday filing on the Tokyo Stock Exchange.Initial, specializing in social media marketing, will absorb Starbank's celebrity and influencer services and Influencer Bank's micro-influencer platform. The merger aims to streamline Vector's marketing operations and enhance efficiency.The merger will not involve any share allotments or monetary exchanges. Initial will retain its address in Tokyo with a share capital of 10 million yen. Vector will maintain 100% ownership.Initial will take on Influencer Bank's loss of approximately 290 million yen, expected to reduce corporate taxes by about 100 million yen, benefiting profits for the fiscal year ending February 28, 2025. The impact of Starbank's loss will be minimal.For the fiscal year ending Feb. 28, 2025, Vector forecasts net sales of 63 billion yen, operating profit of 8.5 billion yen, and profit attributable to own","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"VAQC":"Vector Acquisition Corporation II","VGR":"Vector Group Ltd.","BK4075":"烟草","BK4561":"索罗斯持仓"},"translate_title":"Vector将合并全资子公司以简化运营","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VAQC":1,"VGR":1},"content_text":"Vector (TYO:6058) will merge its wholly owned subsidiaries Starbank and Influencer Bank into Initial, effective Dec. 1, according to a Tuesday filing on the Tokyo Stock Exchange.Initial, specializing in social media marketing, will absorb Starbank's celebrity and influencer services and Influencer Bank's micro-influencer platform. The merger aims to streamline Vector's marketing operations and enhance efficiency.The merger will not involve any share allotments or monetary exchanges. Initial will retain its address in Tokyo with a share capital of 10 million yen. Vector will maintain 100% ownership.Initial will take on Influencer Bank's loss of approximately 290 million yen, expected to reduce corporate taxes by about 100 million yen, benefiting profits for the fiscal year ending February 28, 2025. The impact of Starbank's loss will be minimal.For the fiscal year ending Feb. 28, 2025, Vector forecasts net sales of 63 billion yen, operating profit of 8.5 billion yen, and profit attributable to owners of the parent of 5 billion yen.Price (JPY): $917.00, Change: $+12, Percent Change: +1.33%","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2468347128"}