IXIT Corporation

iXIT Corporation

Native name	iXIT株式会社
Romanized name	Kabushiki gaisha iXIT Kōporēshon
Formerly	Index Corporation (2014-2016)
Company type	Subsidiary KK
Industry	Information and communications technology
Founded	April 1, 2014
Headquarters	Taishidō, Setagaya, Tokyo , Japan
Key people	Shunichi Nakaigawa (President and Representative Director)[1]
Number of employees	103[2] (2019)
Parent	Excite Japan Co., Ltd.
Website	www.ixit.co.jp

iXIT Corporation (iXIT株式会社, Kabushiki gaisha iXIT Kōporēshon), formerly known as Index Corporation (株式会社インデックス, Kabushiki gaisha Indekkusu), 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	株式会社インデックス
Romanized name	Kabushiki gaisha Indekkusu Kōporēshon
Formerly	Nozark BNS (1995-1997) Index Corporation (1997-2006) Index Holdings (2006-2010)
Company type	Kabushiki gaisha Subsidiary
Industry	Information and communications technology
Founded	September 1, 1995 (1995-09-01)
Defunct	September 5, 2013 (2013-09-05)
Fate	Business 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
Parent	Sega
Divisions	Atlus
Subsidiaries	Career 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 (株式会社インデックス・ホールディングス) announced its renaming to Index Corporation (株式会社インデックス), to be confirmed on the 15th shareholders meeting on November 25, 2010, effective on December 1, 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　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

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 (株式会社インデックス・マガジンズ)	Magazine Subsidiary.	Absorbed into Index Communications Corporation effective August 22, 2005.	[24]
Nikkatsu Corporation (日活株式会社)	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)	Index Corporation subsidiary.	Absorbed into Index Corporation effective August 22, 2005.	[24]
Index Media Co., Ltd. (インデックス ミーメディア株式会社)
POLLEX (株式会社)	Video game publishing subsidiary for South Korea.	Absorbed into Hyundai-Index Corporation effective July 15, 2009.	[27]
Hyundai-Index Corporation (現代インデックス株式会社)	Japanese wholesale and electronics subsidiary.	Became an independent company effective July 15, 2009.	[27]
C&C Media Co., Ltd. (株式会社シーアンドシーメディア)	Online video game publishing subsidiary.	Transferred over to Perfect World effective February 1, 2010.	[28][29]
Index Europe Holdings Limited	European subsidiary for Index Corporation activities.	Dissolved effective June 30, 2010.	[30]
Netindex ES (株式会社ネットインデックス・イー・エス)	Communications device subsidiary.	Merged into Netindex Inc. effective November 1, 2010.	[31][32]
Net mobile Inc. (株式会社ネットモバイル)	Software marketing subsidiary.
Madhouse Inc. (株式会社マッドハウス)	Japanese animation subsidiary.	Transferred over to NTV effective February 8, 2011.	[33]
Dynamo amusement, Inc. (株式会社ダイナモアミューズメント)	CG production studio subsidiary.	Became independent company effective March 18, 2011.	[34][35][36][37]
Rosso Index K.K. (株式会社ロッソインデックス)	Digital gaming publishing subsidiary.	Transferred to C FACTORY Co., Ltd. effective July 27, 2011.	[29][38][39][40][41][42]
Index Corporation (株式会社インデックス)	Mobile gaming subsidiary.	Merged with Atlus Co. effective on August 30, 2011.	[43][44][45]
NCXX Inc. (株式会社ネクス)	Mobile and wireless service subsidiary.	Transferred to Fisco Ltd. effective July 2012.	[46]
TEMO Inc. (株式会社テモ)	Search application provider.	Absorbed into Index Corporation effective November 1, 2012.	[47]
Interchannel Co., Ltd. (株式会社インターチャネル)	Video game development subsidiary.	Video game assets transferred to GungHo Online Entertainment effective November 1, 2007. Interchannel brand dissolved effective September 5, 2013.	[48]
Atlus Co., Ltd. (株式会社アトラス)		Transferred to Sega Sammy Holdings effective September 5, 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 October 17, 2013.	[51][52][53]
Mobi Town Ltd.	Index Corporation subsidiary.	Absorbed into Index Asia Ltd. effective July 1, 2015.	[21]
Tiger Mob Ltd.

References

1. Sawada Holdings Group
2. "IXIT株式会社(イグジット株式会社)".
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 October 2, 2011. Retrieved January 26, 2011.
4. 商号変更および定款一部変更に関するお知らせ^[usurped]
5. "Index Holdings to Change Company Name". Reuters. November 9, 2010. Retrieved September 23, 2012.^{[permanent dead link‍]}
6. "Atlus parent company files for Bankruptcy". Siliconera. June 27, 2013.
7. "ATLUS' Mother Company Index Corporation Files for Bankruptcy". Dual SHOCKERS. June 27, 2013. Archived from the original on October 9, 2016. Retrieved December 5, 2016.
8. "Atlus Games' Index Corporation Files for Civil Rehabilitation Bankruptcy". Siliconera. June 27, 2013.
9. 民事再生手続開始の申立てに関するお知らせ
10. Shigeru Sato & Takahiko Hyuga (September 18, 2013). "Sega Said to Win Auction to Buy Bankrupt Japan Gamemaker Index". Bloomberg. Retrieved September 18, 2013.
11. Nikkei: Sega Sammy to Buy Out Atlus Games' Index Corporation
12. 株式会社インデックスの事業譲受けに関する契約締結について
13. 株式会社インデックスの事業譲受けに関する契約締結について
14. "Notice of Conclusion regarding Business Transfer Agreement of Index Corporation" (PDF). Sega Sammy Holdings Inc. September 18, 2013. Archived from the original (PDF) on September 27, 2013. Retrieved September 18, 2013.
15. 当社子会社の事業譲受に関するお知らせ (in Japanese). Sega Corporation. November 1, 2013. Archived from the original on November 6, 2013. Retrieved November 2, 2013.
16. "会社分割（新設分割）及び商号変更に関するお知らせ" (PDF). Archived from the original (PDF) on March 7, 2014. Retrieved March 7, 2014.
17. "連結子会社の会社分割（新設分割）及び商号変更に関するお知らせ" (PDF). Archived from the original (PDF) on June 29, 2014. Retrieved April 1, 2014.
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. November 27, 2015. Retrieved March 22, 2017.
20. "Company Name Change - Index Corporation" (PDF). Sawada Holdings. June 27, 2016. Archived from the original (PDF) on August 21, 2016. Retrieved June 27, 2016.
21. Establishment of Index Asia Ltd. from the amalgamation process
22. "Index Asia Ltd, Business Structure". Archived from the original on December 2, 2016. Retrieved December 10, 2016.
23. "Index Asia Ltd, Corporate History". Archived from the original on December 20, 2016. Retrieved December 10, 2016.
24. "インデックス、戦略的なCI確立に向けてグループ子会社3社の社名を変更、出版部門2社を合併". Archived from the original on November 2, 2013. Retrieved April 3, 2013.
25. 日活株式一部譲渡のお知らせ^[usurped]
26. Acquisition of Nikkatsu Corporation Shares
27. "当社の子会社である現代インデックス株式会社の株式譲渡に関するお知らせ" (PDF). Archived from the original on November 2, 2013. Retrieved April 3, 2013.
28. "連結子会社(孫会社）の株式譲渡に向けた基本合意締結に関するお知らせ" (PDF). Archived from the original on November 2, 2013. Retrieved April 3, 2013.
29. "当社連結子会社の株式譲渡契約締結に関するお知らせ" (PDF). Archived from the original on October 5, 2013. Retrieved January 20, 2020.
30. "当社子会社（Index Europe Holdings Limited）の解散及び清算に関するお知らせ" (PDF). Archived from the original on December 29, 2009. Retrieved April 3, 2013.
31. "子会社の合併に関するお知らせ" (PDF). Archived from the original on November 2, 2013. Retrieved April 3, 2013.
32. 連結子会社との合併に関するお知らせ^{[permanent dead link‍]}
33. "NTV to Make Madhouse Anime Studio Its Subsidiary". Anime News Network. February 8, 2011. Retrieved April 12, 2013.
34. 社名変更についてのお知らせ
35. 社名変更のご案内
36. DYNAMO AMUSEMENT
37. "ダイナモピクチャーズ".
38. "当社子会社（株式会社アトラス）における 株式会社ゴンゾロッソの株式取得（子会社化）に関するお知らせ" (PDF). Archived from the original on October 5, 2013. Retrieved April 3, 2013.
39. 2010/02/01 社名変更のお知らせ
40. "子会社および孫会社の異動ならびに特別損失の発生に関するお知らせ" (PDF). Archived from the original (PDF) on April 7, 2013. Retrieved June 21, 2013.
41. 2011/08/1 親会社の異動に関するお知らせ
42. "Index Holdings to Sell Shares of Subsidiary". Reuters. July 27, 2011. Archived from the original on June 28, 2013.
43. "History". Square Enix Holdings. Archived from the original on March 1, 2012. Retrieved December 4, 2009.
44. 当社連結子会社の吸収合併に関するお知らせ （簡易合併・略式合併）^[usurped]
45. インデックス・ホールディングス、連結子会社の吸収合併に関するお知らせ ～グループ価値最大化を図りインデックス、アトラスの２社を吸収合併～^[usurped]
46. "Company Profile｜About FISCO｜FISCO".
47. "合併公告" (PDF). Archived from the original (PDF) on January 21, 2013. Retrieved April 3, 2013.
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. September 18, 2013. Archived from the original (PDF) on September 27, 2013. Retrieved September 18, 2013.
50. "Notice of Conclusion regarding Business Transfer Agreement of Index Corporation" (PDF). Sega Sammy Holdings Inc. September 18, 2013. Archived from the original (PDF) on September 27, 2013. Retrieved September 18, 2013.
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

External links

• Official website (in Japanese)