Index Corporation
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Index Corporation
iXIT Corporation
Native name
iXIT?
Kabushiki gaisha iXIT K?por?shon
Formerly
Index Corporation (2014-2016)
Kabushiki gaisha
Subsidiary
IndustryInformation and communications technology
FoundedApril 1, 2014
Headquarters
Taishid?, Setagaya, Tokyo
,
Key people
Shunichi Nakaigawa (President and Representative Director)[1]
Number of employees
103[2] (2019)
ParentSawada Holdings Co, Ltd.
Websitewww.ixit.co.jp

iXIT Corporation (iXIT?, Kabushiki gaisha iXIT K?por?shon), formerly known as Index Corporation (?, Kabushiki gaisha Indekkusu K?por?shon), 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 and 2016, the last one being founded in April 2014. All three incarnations of Index Corporation have 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 bankrupt 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. On 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

Index Corporation
Native name
?
Kabushiki gaisha Indekkusu K?por?shon
Formerly
Index Holdings
Kabushiki gaisha
Subsidiary
IndustryInformation and communications technology
FateBusiness operations taken over by Sega. Assets absorbed into Sega Dream Corporation.
FoundedSeptember 1, 1995 (1995-09-01)
DefunctSeptember 5, 2013 (2013-09-05)
Headquarters
Taishido, Setagaya-ku, Tokyo
,
Key people
Yoshimi Ochiai (President)
Revenue¥39.379 million
ParentSega Games Co, Ltd.
DivisionsAtlus
SubsidiariesCareer Soft
Index Asia Ltd.
Index Digital Media

Index Corporation Ltd. was founded on 1 September 1995 as a mobile content service provider. It adopted the name of Index by 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.[3] 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 (?) announced its renaming to Index Corporation (?), to be confirmed on the 15th shareholders meeting on 25 November 2010, effective on 1 December 2010.[4][5] On June 27, 2013, following an investigation for fraud,[6] Index Corporation filed for civil rehabilitation bankruptcy due to a debt consisting of 24.5 billion yen.[7][8][9]

On September 18, 2013, it was reported that Sega Sammy Holdings had won a bid to acquire Index for 14 billion yen.[10] Sega Sammy Holdings denied taking over Index Corporation at first,[11] 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 (?), 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.[10][12][13][14] On November 1, 2013, Sega announced that it will rename its subsidiary, Sega Dream Corporation, to Index Corporation (? ).[15] 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' (?), while renaming the 'old' Index Corporation and its remaining digital game business division into 'Atlus' (), 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.[16][17]

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.[18]

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 Sawada Holdings, a firm owned by H.I.S. founder Hideo Sawada. Through this business transfer, Index Corporation became a wholly owned subsidiary of Sawada Holdings.[19] On July 1, 2016, Index Corporation changed its name to iXIT Corporation.[20]

Index Asia Ltd

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

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.[21]

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.[22]

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.[23]

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

Name Purpose Outcome Ref.
Index Magazines Corporation (?) Magazine Subsidiary. Absorbed into Index Communications Corporation effective 22 August 2005. [24]
Nikkatsu Corporation () Japanese motion picture subsidiary. Transferred to SKY Perfect Communications Inc. effective December 2005. [25][26]
Style Index Co., Ltd. () Index Corporation subsidiary. Absorbed into Index Corporation effective 22 August 2005. [24]
Index Media Co., Ltd. ( ?)
POLLEX (?) Video game publishing subsidiary for South Korea. Absorbed into Hyundai-Index Corporation effective 15 July 2009. [27]
Hyundai-Index Corporation () Japanese wholesale and electronics subsidiary. Became an independent company effective 15 July 2009. [27]
C&C Media Co., Ltd. () Online video game publishing subsidiary. Transferred over to Perfect World Co., Ltd. effective 1 February 2010. [28][29]
Index Europe Holdings Limited European subsidiary for Index Corporation activities. Dissolved effective 30 June 2010. [30]
Netindex ES (?) Communications device subsidiary. Merged into Netindex Inc. effective 1 November 2010. [31][32]
Net mobile Inc. () Software marketing subsidiary.
Madhouse Inc. (?) Japanese animation subsidiary. Transferred over to NTV effective 8 February 2011. [33]
Dynamo amusement, Inc. (?) CG production studio subsidiary. Became independent company effective 18 March 2011. [34][35][36][37]
Rosso Index K.K. (?) Digital gaming publishing subsidiary. Transferred to C FACTORY Co., Ltd. effective 27 July 2011. [29][38][39][40][41][42]
Index Corporation (?) Mobile gaming subsidiary. Merged with Atlus Co. effective On 30 August 2011. [43][44][45]
NCXX Inc. (?) Mobile and wireless service subsidiary. Transferred to Fisco Ltd. effective July 2012. [46]
TEMO Inc. () Search application provider. Absorbed into Index Corporation effective 1 November 2012. [47]
Interchannel Co., Ltd. () Video game development subsidiary. Video game assets transferred to GungHo Online Entertainment effective 1 November 2007. Interchannel brand dissolved effective 5 September 2013. [48]
Atlus Co., Ltd. () Transferred to Sega Sammy Holdings effective 5 September 2013. [49]
Index Digital Media, Inc. (Atlus U.S.A.) Video game publisher and licensor subsidiary for North American markets. [50]
Index Multimédia SA () Multimedia platform service subsidiary for France. Dissolved effective 17 October 2013. [51][52][53]
Mobi Town Ltd. Index Corporation subsidiary. Absorbed into Index Asia Ltd. effective 1 July 2015. [21]
Tiger Mob Ltd.

References

  1. ^ Sawada Holdings Group
  2. ^ https://www.ixit.co.jp/company/outline/
  3. ^ "Grenoble Foot 38 celebrates the long awaited opening of its new professional soccer stadium, `Stade des Alpes`". Index Corporation. Archived from the original on 23 July 2012. Retrieved 2011.
  4. ^ Archived 2013-11-02 at the Wayback Machine
  5. ^ "Index Holdings to Change Company Name". Reuters. 9 November 2010. Retrieved 2012.
  6. ^ "Atlus parent company files for Bankruptcy". Siliconera. 27 June 2013.
  7. ^ "ATLUS' Mother Company Index Corporation Files for Bankruptcy". Dual SHOCKERS. 27 June 2013.
  8. ^ "Atlus Games' Index Corporation Files for Civil Rehabilitation Bankruptcy". Siliconera. 27 June 2013.
  9. ^
  10. ^ a b Shigeru Sato & Takahiko Hyuga (18 September 2013). "Sega Said to Win Auction to Buy Bankrupt Japan Gamemaker Index". Bloomberg. Retrieved 2013.
  11. ^ Nikkei: Sega Sammy to Buy Out Atlus Games' Index Corporation
  12. ^ ?
  13. ^ ?
  14. ^ "Notice of Conclusion regarding Business Transfer Agreement of Index Corporation" (PDF). Sega Sammy Holdings Inc. 18 September 2013. Retrieved 2013.
  15. ^ (in Japanese). Sega Corporation. 1 November 2013. Archived from the original on 6 November 2013. Retrieved 2013.
  16. ^ ?(?)
  17. ^ ?(?)
  18. ^ 2014-06-17 Heads of failed game developer Index Corp. indicted for fraud
  19. ^ "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 2017.
  20. ^ "Company Name Change - Index Corporation" (PDF). Sawada Holdings. 27 June 2016. Archived from the original (PDF) on 2016-08-21. Retrieved 2016.
  21. ^ a b Establishment of Index Asia Ltd. from the amalgamation process
  22. ^ Index Asia Ltd, Business Structure
  23. ^ Index Asia Ltd, Corporate History
  24. ^ a b "CI?32?". Archived from the original on 2013-11-02. Retrieved .
  25. ^ ?
  26. ^ Acquisition of Nikkatsu Corporation Shares
  27. ^ a b "?" (PDF). Archived from the original (PDF) on 2013-11-02. Retrieved .
  28. ^ "()" (PDF). Archived from the original (PDF) on 2013-11-02. Retrieved .
  29. ^ a b "" (PDF). Archived from the original (PDF) on 2013-10-05. Retrieved .
  30. ^ "(Index Europe Holdings Limited)" (PDF). Archived from the original (PDF) on 2009-12-29. Retrieved .
  31. ^ "" (PDF). Archived from the original (PDF) on 2013-11-02. Retrieved .
  32. ^ [permanent dead link]
  33. ^ "NTV to Make Madhouse Anime Studio Its Subsidiary". Anime News Network. 2011-02-08. Retrieved .
  34. ^ ?
  35. ^
  36. ^ DYNAMO AMUSEMENT
  37. ^ http://dynapix.jp/about/
  38. ^ "()? (?)" (PDF). Archived from the original (PDF) on 2013-10-05. Retrieved .
  39. ^ 2010/02/01
  40. ^ ?
  41. ^ 2011/08/1
  42. ^ "Index Holdings to Sell Shares of Subsidiary". Reuters. 27 July 2011. Archived from the original on 28 June 2013.
  43. ^ "History". Square Enix Holdings. Archived from the original on 2012-03-01. Retrieved .
  44. ^ () Archived 2013-11-02 at the Wayback Machine
  45. ^ ? ~2~ Archived 2013-04-28 at the Wayback Machine
  46. ^ http://www.fisco.co.jp/en/about/corporateinfo.html
  47. ^ ?
  48. ^ Thomson Financial. Thomson Financial. October 15, 2007. p. 39.
  49. ^ "Notice of Conclusion regarding Business Transfer Agreement of Index Corporation" (PDF). Sega Sammy Holdings Inc. 18 September 2013. Retrieved 2013.
  50. ^ "Notice of Conclusion regarding Business Transfer Agreement of Index Corporation" (PDF). Sega Sammy Holdings Inc. 18 September 2013. Retrieved 2013.
  51. ^ 123 becomes Index Multimedia
  52. ^ INDEX MULTIMEDIA, decision from the Tribunal de Commerce of Toulouse
  53. ^ INDEX MULTIMEDIA : Decision of the Toulouse Court of Commerce

External links


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