Vtuber Historian Clubhouse - Home of the Chart Autism

[NeneLOVE]

Well everything was going well today until I saw an industry CCV report by VSTATS and when visiting their website by chance I saw THIS:
"*In April 2024, it was confirmed that Adways Inc., the parent company of Nanashi Link, had made Assist Inc., the operating company of Varium, a subsidiary, so from now on, Nanashi Link and Varium will be considered as part of the same corporate group and will be referred to as "Adways."

I have no idea how they got this info or where from but it opens a whole can of worms because I keep seeing "774 Co. (Previously LABOT Co.) which manages Nanashiinku Inc. (Previously 774 Inc.) (yes I know, confusing) is a subsidiary of Adways Inc." but I cannot find any definitive proof of them still being owned by this company because 774 the company does not have a fucking website!

I can only find proof that they USED to be owned by Adways like a decade ago until a name change/restructuring in 2015 then the trail goes completely cold until 2018 when 774 starts doing vtubers. And now these fuckers imply that Varium is also involved in this mess because they made "Assist Inc." a subsidiary (they did buy them? did they merge?). As far as I can tell the only mention of this particular "Assist Inc." is in Varium's website in company info because this corpo doesn't have a website EITHER and the only results you get are other companies with the same fucking name.

Adways does not mention either company ANYWHERE in their sites, nor are they linked in any company tracker site. The ONLY mention of 774 in Adways' site is a board member is the CEO of 774.

If anyone in this forum can help me I would cry tears of joy.

 

[closedblas]

Well everything was going well today until I saw an industry CCV report by VSTATS and when visiting their website by chance I saw THIS:
"*In April 2024, it was confirmed that Adways Inc., the parent company of Nanashi Link, had made Assist Inc., the operating company of Varium, a subsidiary, so from now on, Nanashi Link and Varium will be considered as part of the same corporate group and will be referred to as "Adways."

I have no idea how they got this info or where from but it opens a whole can of worms because I keep seeing "774 Co. (Previously LABOT Co.) which manages Nanashiinku Inc. (Previously 774 Inc.) (yes I know, confusing) is a subsidiary of Adways Inc." but I cannot find any definitive proof of them still being owned by this company because 774 the company does not have a fucking website!

I can only find proof that they USED to be owned by Adways like a decade ago until a name change/restructuring in 2015 then the trail goes completely cold until 2018 when 774 starts doing vtubers. And now these fuckers imply that Varium is also involved in this mess because they made "Assist Inc." a subsidiary (they did buy them? did they merge?). As far as I can tell the only mention of this particular "Assist Inc." is in Varium's website in company info because this corpo doesn't have a website EITHER and the only results you get are other companies with the same fucking name.

Adways does not mention either company ANYWHERE in their sites, nor are they linked in any company tracker site. The ONLY mention of 774 in Adways' site is a board member is the CEO of 774.

If anyone in this forum can help me I would cry tears of joy.

https://ir.adways.net/irnews/20240430_352fP9.pdf

https://ir.adways.net/irnews/20240808_367Ke7.pdf

search for "アシスト"

vstats putting them together is kiiiiind of retarded tho.

 

[NeneLOVE]

https://ir.adways.net/irnews/20240430_352fP9.pdf

https://ir.adways.net/irnews/20240808_367Ke7.pdf

search for "アシスト"

vstats putting them together is kiiiiind of retarded tho.

Absolutely based.
If they both belong to Adways then I intend to put them together too.

"At the Board of Directors meeting held on April 23, 2024, the Company resolved to enter into a share transfer agreement to acquire 100% of the shares of Assist Co., Ltd. (hereinafter referred to as "Assist") at its consolidated subsidiary Influencer Investment Holdings Co., Ltd. on April 24, 2024."

 

[closedblas]

Absolutely based.
If they both belong to Adways then I intend to put them together too.

"At the Board of Directors meeting held on April 23, 2024, the Company resolved to enter into a share transfer agreement to acquire 100% of the shares of Assist Co., Ltd. (hereinafter referred to as "Assist") at its consolidated subsidiary Influencer Investment Holdings Co., Ltd. on April 24, 2024."

I'm thinking Adways -> Influencer Investment Holdings -> Varium vs. Adways -> 774inc.
Also the acquired agency vs originally formed as subsidiary.

Quite a few other talent agencies bought out too, including Ado's.
Influencer Investment Holdings has the same CEO as 774inc, Nishioka something on the board of Adways.
They used to hold 2.5% of Anycolor which they still use as a company descriptor lmao. Looks like they cashed out in the IPO.

 

[NeneLOVE]

I'm thinking Adways -> Influencer Investment Holdings -> Varium vs. Adways -> 774inc.
Also the acquired agency vs originally formed as subsidiary.

Quite a few other talent agencies bought out too, including Ado's.
Influencer Investment Holdings has the same CEO as 774inc, Nishioka something on the board of Adways.
They used to hold 2.5% of Anycolor which they still use as a company descriptor lmao. Looks like they cashed out in the IPO.

I was thinking Adways -> Assist & 774co. -> Varium & Nanashiinku
As long as they have the same higher tier owner. I still cannot find proof 774 is still owned by Adways, that's the only thing keeping me back.

Yeah and Anycolor lent 774 their software which idk if they still use.

 

[closedblas]

I still cannot find proof 774 is still owned by Adways

huh? isn't that like the easiest part to find?

Sep 2024 - a collab between adways, "our 'consolidated subsidiary' Nanashiinku", and Twitter
Feb 2025 - Adways December 2024 financial results, listing 774inc in 'subsidiaries'
774 and Adways also have the same office registered.

 

[bothyourhouses]

774 Co. (Previously LABOT Co.) which manages Nanashiinku Inc. (Previously 774 Inc.) (yes I know, confusing)

Fairly normal Japanese practice when putting the company under a holding company or similar. They rename the corporate entities that have the right structure, but they have to report the previous names of the corporate entities. The corporate number history will show what happened legally, the name history will probably show what happened in day-to-day operations.

I still cannot find proof 774 is still owned by Adways, that's the only thing keeping me back.

Japanese wikipedia cites https://www.adways.net/press/adways167.html for their establishment. Although the company that's now 774 only got its corporate number in 2015 (as just LABOT, not Adways LABOT), so maybe a slight gap there.

 

[NeneLOVE]

huh? isn't that like the easiest part to find?

Sep 2024 - a collab between adways, "our 'consolidated subsidiary' Nanashiinku", and Twitter
Feb 2025 - Adways December 2024 financial results, listing 774inc in 'subsidiaries'
774 and Adways also have the same office registered.

Ok that's enough for me.
What does "consolidated subsidiary" mean for the nips? It keeps popping up in reference to 774.

 

[closedblas]

What does "consolidated subsidiary" mean for the nips? It keeps popping up in reference to 774.

100% owned is 'consolidated subsidiary' vs >50% 'subsidiary'

 

[NeneLOVE]

100% owned is 'consolidated subsidiary' vs >50% 'subsidiary'

Is that how it's used in english? I thought subsidiary just meant "controlled by" another corpo.

 

[closedblas]

Is that how it's used in english? I thought subsidiary just meant "controlled by" another corpo.

i think i'm wrong https://www.investopedia.com/ask/an...en-subsidiary-and-wholly-owned-subsidiary.asp

 

[NeneLOVE]

Ah it can translated as "Wholly owned", that makes more sense. Fuckin nips.
Well enough of this blabber about terms, time to get to work finishing this one.

 

[bothyourhouses]

What does "consolidated subsidiary" mean for the nips? It keeps popping up in reference to 774.

Means they merge the company accounts in their accounting reports, as opposed to treating them as investments in a separate company that publishes its own accounts. Japanese accounting standards say that subsidiaries (which in Japan is any company the company owns more than 50% of) should be consolidated by default, but there are cases where you're allowed to not consolidate.