Dream Incubator Inc. (hereafter \u201cDI\u201d) announces that it has resolved to transfer part of assets belonging to and business operated by consolidated subsidiary, DI Asia Inc. (Chiyoda-ku, Tokyo; Makoto Miyauchi, President and CEO; hereafter DIA).<\/p>\n
\u25a0Background of Transfer<\/p>\n
As disclosed in the results briefing session for the fiscal year ended March 31, 2019, DI has been working to reconstruct DIA\u2019s business portfolio as the subsidiary was not able operate in the black on a full-year basis.
\nDIA will transfer its consumer panels and research business; it will instead concentrate its resources on its cooperative efforts with DI on the latter\u2019s Strategic Consulting and Incubation businesses to grow its business in Southeast Asia.<\/p>\n
\u25a0Consumer Panels<\/p>\n
DIA will transfer its consumer panels in three Southeast Asian nations, namely Vietnam, Thailand, and Indonesia, to Macromill, Inc. (Minato-ku, Tokyo; Scott Ernst, Representative Executive Officer and Global CEO).<\/p>\n
\u25a0Research Business<\/p>\n
DIA will transfer its research business to N&S Partners Inc. (Minato-ku, Tokyo; Hideyuki Kato, Representative Director) founded by the former DIA president, Hideyuki Kato.<\/p>\n
\u25a0Outlook<\/p>\n
While considering possibilities of cooperation with the above two transferees, DI and DIA will work to add depth to their businesses, further enhance service offerings and expand the scope of business in Southeast Asia and other regions.
\nThe transfers outlined here are expected to have only a marginal impact on DI\u2019s consolidated earnings for the fiscal year ending March 31, 2020. DI will promptly disclose any matters that require public announcement.<\/p>\n
\u25a0References<\/p>\n
Related press release from Macromill
\nhttps:\/\/www.macromill.com\/press\/release\/20191015.html<\/a><\/p>\nPDF of this press release<\/h4>\n