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iXIT Corporation

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iXIT Corporation
Native name
iXIT株式会社かぶしきがいしゃ
Kabushiki gaisha iXIT Kōporēshon
FormerlyIndex Corporation (2014-2016)
Company typeSubsidiary KK
IndustryInformation and communications technology
FoundedApril 1, 2014
Headquarters
Taishidō, Setagaya, Tokyo
,
Japan
Key people
Shunichi Nakaigawa (President and Representative Director)[1]
Number of employees
103[2] (2019)
ParentExcite Japan Co., Ltd.
Websitewww.ixit.co.jp

iXIT Corporation (iXIT株式会社かぶしきがいしゃ, Kabushiki gaisha iXIT Kōporēshon), formerly known as Index Corporation (株式会社かぶしきがいしゃインデックス, Kabushiki gaisha Indekkusu Kōporēshon), 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

[edit]
Index Corporation
Native name
株式会社かぶしきがいしゃインデックス
Kabushiki gaisha Indekkusu Kōporēshon
FormerlyNozark BNS (1995-1997)
Index Corporation (1997-2006)
Index Holdings (2006-2010)
Company typeKabushiki gaisha
Subsidiary
IndustryInformation and communications technology
FoundedSeptember 1, 1995 (1995-09-01)
DefunctSeptember 5, 2013 (2013-09-05)
FateBusiness operations taken over by Sega. Assets absorbed into Sega Dream Corporation.
Headquarters
Taishido, Setagaya-ku, Tokyo
,
Japan
Key people
Yoshimi Ochiai (President)
Revenue¥39.379 million
ParentSega
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 (株式会社かぶしきがいしゃインデックス・ホールディングス) announced its renaming to Index Corporation (株式会社かぶしきがいしゃインデックス), 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 (株式会社かぶしきがいしゃセガドリーム), 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 (株式会社かぶしきがいしゃ　インデックス).[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' (株式会社かぶしきがいしゃインデックス), while renaming the 'old' Index Corporation and its remaining digital game business division into 'Atlus' (株式会社かぶしきがいしゃアトラス), 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 Prosecutors 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

[edit]
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

[edit]
Name Purpose Outcome Ref.
Index Magazines Corporation (株式会社かぶしきがいしゃインデックス・マガジンズ) Magazine Subsidiary. Absorbed into Index Communications Corporation effective 22 August 2005. [24]
Nikkatsu Corporation (日活にっかつ株式会社かぶしきがいしゃ) Japanese motion picture subsidiary. Transferred to SKY Perfect Communications Inc. effective December 2005. [25][26]
Style Index Co., Ltd. (スタイル・インデックス株式会社かぶしきがいしゃ) Index Corporation subsidiary. Absorbed into Index Corporation effective 22 August 2005. [24]
Index Media Co., Ltd. (インデックス ミーメディア株式会社かぶしきがいしゃ)
POLLEX (株式会社かぶしきがいしゃ) Video game publishing subsidiary for South Korea. Absorbed into Hyundai-Index Corporation effective 15 July 2009. [27]
Hyundai-Index Corporation (現代げんだいインデックス株式会社かぶしきがいしゃ) Japanese wholesale and electronics subsidiary. Became an independent company effective 15 July 2009. [27]
C&C Media Co., Ltd. (株式会社かぶしきがいしゃシーアンドシーメディア) 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 (株式会社かぶしきがいしゃネットインデックス・イー・エス) Communications device subsidiary. Merged into Netindex Inc. effective 1 November 2010. [31][32]
Net mobile Inc. (株式会社かぶしきがいしゃネットモバイル) Software marketing subsidiary.
Madhouse Inc. (株式会社かぶしきがいしゃマッドハウス) Japanese animation subsidiary. Transferred over to NTV effective 8 February 2011. [33]
Dynamo amusement, Inc. (株式会社かぶしきがいしゃダイナモアミューズメント) CG production studio subsidiary. Became independent company effective 18 March 2011. [34][35][36][37]
Rosso Index K.K. (株式会社かぶしきがいしゃロッソインデックス) Digital gaming publishing subsidiary. Transferred to C FACTORY Co., Ltd. effective 27 July 2011. [29][38][39][40][41][42]
Index Corporation (株式会社かぶしきがいしゃインデックス) Mobile gaming subsidiary. Merged with Atlus Co. effective On 30 August 2011. [43][44][45]
NCXX Inc. (株式会社かぶしきがいしゃネクス) Mobile and wireless service subsidiary. Transferred to Fisco Ltd. effective July 2012. [46]
TEMO Inc. (株式会社かぶしきがいしゃテモ) Search application provider. Absorbed into Index Corporation effective 1 November 2012. [47]
Interchannel Co., Ltd. (株式会社かぶしきがいしゃインターチャネル) 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. (株式会社かぶしきがいしゃアトラス) 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 (インデックス・マルチメディア) 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

[edit]
  1. ^ Sawada Holdings Group
  2. ^ "IXIT株式会社かぶしきがいしゃ(イグジット株式会社かぶしきがいしゃ)".
  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 2 October 2011. Retrieved 26 January 2011.
  4. ^ 商号しょうごう変更へんこうおよび定款ていかん一部いちぶ変更へんこうに関かんするお知しらせ Archived 2013-11-02 at the Wayback Machine
  5. ^ "Index Holdings to Change Company Name". Reuters. 9 November 2010. Retrieved 23 September 2012.[permanent dead link]
  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. Archived from the original on 9 October 2016. Retrieved 5 December 2016.
  8. ^ "Atlus Games' Index Corporation Files for Civil Rehabilitation Bankruptcy". Siliconera. 27 June 2013.
  9. ^ 民事みんじ再生さいせい手続てつづき開始かいしの申立もうしたてに関かんするお知しらせ
  10. ^ a b Shigeru Sato & Takahiko Hyuga (18 September 2013). "Sega Said to Win Auction to Buy Bankrupt Japan Gamemaker Index". Bloomberg. Retrieved 18 September 2013.
  11. ^ Nikkei: Sega Sammy to Buy Out Atlus Games' Index Corporation
  12. ^ 株式会社かぶしきがいしゃインデックスの事業じぎょう譲受ゆずりうけに関かんする契約けいやく締結ていけつについて
  13. ^ 株式会社かぶしきがいしゃインデックスの事業じぎょう譲受ゆずりうけに関かんする契約けいやく締結ていけつについて
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  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 22 March 2017.
  20. ^ "Company Name Change - Index Corporation" (PDF). Sawada Holdings. 27 June 2016. Archived from the original (PDF) on 2016-08-21. Retrieved 27 June 2016.
  21. ^ a b Establishment of Index Asia Ltd. from the amalgamation process
  22. ^ "Index Asia Ltd, Business Structure". Archived from the original on 2016-12-02. Retrieved 2016-12-10.
  23. ^ "Index Asia Ltd, Corporate History". Archived from the original on 2016-12-20. Retrieved 2016-12-10.
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  25. ^ 日活にっかつ株式かぶしき一部いちぶ譲渡じょうとのお知しらせ
  26. ^ Acquisition of Nikkatsu Corporation Shares
  27. ^ a b "当社とうしゃの子会社こがいしゃである現代げんだいインデックス株式会社かぶしきがいしゃの株式かぶしき譲渡じょうとに関かんするお知しらせ" (PDF). Archived from the original (PDF) on 2013-11-02. Retrieved 2013-04-03.
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  34. ^ 社名しゃめい変更へんこうについてのお知しらせ
  35. ^ 社名しゃめい変更へんこうのご案内あんない
  36. ^ DYNAMO AMUSEMENT
  37. ^ "ダイナモピクチャーズ".
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  39. ^ 2010/02/01 社名しゃめい変更へんこうのお知しらせ
  40. ^ "子会社こがいしゃおよび孫まご会社かいしゃの異動いどうならびに特別とくべつ損失そんしつの発生はっせいに関かんするお知しらせ" (PDF). Archived from the original (PDF) on 2013-04-07. Retrieved 2013-06-21.
  41. ^ 2011/08/1 親会社おやがいしゃの異動いどうに関かんするお知しらせ
  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 2009-12-04.
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  45. ^ インデックス・ホールディングス、連結れんけつ子会社こがいしゃの吸収きゅうしゅう合併がっぺいに関かんするお知しらせ ～グループ価値かち最大さいだい化かを図はかりインデックス、アトラスの２社しゃを吸収きゅうしゅう合併がっぺい～ Archived 2013-04-28 at the Wayback Machine
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  51. ^ 123 becomes Index Multimedia[permanent dead link]
  52. ^ INDEX MULTIMEDIA, decision from the Tribunal de Commerce of Toulouse
  53. ^ INDEX MULTIMEDIA : Decision of the Toulouse Court of Commerce
[edit]
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