(1)
Creation, development, and acquisition of new IP In order to create new IP in a stable manner, 5 billion yen of the funds procured through the Third Party Allotment will be used to acquire rights, invest in content holders, and make acquisitions. In addition to the acquisition of publishing rights through negotiations with copyright holders and the acquisition of various window rights through investment in production committees for animation, movies, games, etc., we also expect to acquire content holders themselves, including publishers, animation production companies, game companies, and other overseas companies. In each of these cases, we may allocate from less than 100 million yen to more than 1 billion yen per project while conducting multiple projects in parallel, and we are also considering the possibility of working together with CyberAgent and the Sony Group.
We believe that it is necessary to procure such funds in order not to miss potential investment opportunities and to solidify our ability to create IP based on our track record of creating rich and unique IP consisting of a diverse portfolio of books, movies, animations, games, and UGC platforms, both financially and financially. As a result, we will create and develop new IP. As a result, we have determined that 5 billion yen is necessary for the creation, development, and acquisition of new IP, with the expenditure period ending in March 2023. We will disclose the details of the use of the funds in an appropriate manner when they are determined in the future.
(2)
In order to maximize the value of the abundant IP that we already own, we will allocate 5 billion yen of the funds raised through the Third Party Allotment to multimedia development, mainly in the animation and game fields, and to global development. The multimedia development is not limited to the conventional development of sequential or simultaneous expansion of the Company's IP, which originated in books and is published in 5,000 new titles per year, to different media such as comics, animation, movies, and games, but also includes the multifaceted development of the Company's IP that originated in animation and games. We also envision the multifaceted development of our IP, which originated in anime and games
In the global expansion, we expect to further expand geographically to regions with large language populations such as English-speaking and Chinese-speaking countries. In each of the above, we may allocate from less than 100 million yen to more than 1 billion yen per project while conducting multiple projects in parallel, and we are also considering the possibility of utilizing the platforms of CyberAgent and Sony Group and working together.
The Company believes that it is necessary to procure such funds in order to solidify its IP development capabilities based on its track record of multimedia development since the 1970s, starting with the adaptation of books to film, and to ensure that potential investment opportunities are not missed. As a result, we have determined that 5 billion yen is necessary to maximize the use of existing IP, with the expenditure period ending in March 2023. We will disclose the details of the use of the funds in an appropriate manner when they are determined in the future.
