iXIT Corporation
{{DISPLAYTITLE:iXIT Corporation}}
{{short description|Japanese technology company}}
{{Use mdy dates|date=December 2024}}{{Infobox company
| name = iXIT Corporation
| native_name = iXIT株式会社
| native_name_lang = ja
| romanized_name = Kabushiki gaisha iXIT Kōporēshon
| logo = IXIT Corporation logo.svg
| type = Subsidiary
| former_names = Index Corporation (2014-2016)
| industry = Information and communications technology
| foundation = {{sda|2014|04|01}}
| founder =
| location_city = Taishidō, Setagaya, Tokyo
| location_country = Japan
| key_people = Shunichi Nakaigawa (president and Representative Director)[http://www.sawada-holdings.co.jp/group/ Sawada Holdings Group]
| products =
| revenue =
| operating_income =
| net_income =
| num_employees = 103{{cite web | url=https://www.ixit.co.jp/company/outline/ | title=IXIT株式会社(イグジット株式会社) }}
| num_employees_year = 2019
| parent = Excite Japan Co., Ltd.
| subsid =
| homepage = {{url|http://www.ixit.co.jp/}}
}}
{{Nihongo|iXIT Corporation|iXIT株式会社|Kabushiki gaisha iXIT Kōporēshon}}, formerly known as {{Nihongo|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 company 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
{{Infobox company
| name = Index Corporation
| native_name = 株式会社インデックス
| native_name_lang = ja
| romanized_name = Kabushiki gaisha Indekkusu Kōporēshon
| logo = Index Corporation logo.png
| former_name = Nozark BNS (1995-1997)
Index Corporation (1997-2006)
Index Holdings (2006-2010)
| type = Kabushiki gaisha
Subsidiary
| industry = Information and communications technology
| fate = Business operations taken over by Sega. Assets absorbed into Sega Dream Corporation.
| foundation = {{Start date|1995|09|01}}
| founder =
| defunct = {{End date|2013|09|05}}
| location_city = Taishido, Setagaya-ku, Tokyo
| location_country = Japan
| key_people = Yoshimi Ochiai (President)
| products =
| revenue = {{¥|39.379 million}}
| operating_income =
| net_income =
| num_employees =
| num_employees_year =
| divisions = Atlus
| subsid = Career Soft
Index Asia Ltd.
Index Digital Media
| parent = Sega
| homepage =
}}
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.{{cite web|url=http://www.index-hd.com/group_news_english/?p=6|title=Grenoble Foot 38 celebrates the long awaited opening of its new professional soccer stadium, 'Stade des Alpes'|publisher=Index Corporation|access-date=26 January 2011|url-status=usurped|archive-url=https://web.archive.org/web/20111002010813/http://www.index-hd.com/group_news_english/?p=6|archive-date=2 October 2011}} 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.{{usurped|1=[https://web.archive.org/web/20131102033803/http://www.index-hd.com/press/uploads/140120101109061772.pdf 商号変更および定款一部変更に関するお知らせ]}}{{cite web|title=Index Holdings to Change Company Name|url=https://www.reuters.com/finance/stocks/4835.OS/key-developments/article/2018369|publisher=Reuters|date=9 November 2010|access-date=23 September 2012}}{{Dead link|date=April 2022 |bot=InternetArchiveBot |fix-attempted=yes }} On June 27, 2013, following an investigation for fraud,{{cite web|title=Atlus parent company files for Bankruptcy|url=http://www.siliconera.com/2013/06/27/atlus-parent-company-files-for-bankruptcy/|publisher=Siliconera|date=27 June 2013}} Index Corporation filed for civil rehabilitation bankruptcy due to a debt consisting of 24.5 billion yen.{{cite web|title=ATLUS' Mother Company Index Corporation Files for Bankruptcy|url=http://www.dualshockers.com/2013/06/27/atlus-mother-company-index-corporation-files-for-bankruptcy/|publisher=Dual SHOCKERS|date=27 June 2013|access-date=5 December 2016|archive-date=9 October 2016|archive-url=https://web.archive.org/web/20161009021858/http://www.dualshockers.com/2013/06/27/atlus-mother-company-index-corporation-files-for-bankruptcy/|url-status=dead}}{{cite web|title=Atlus Games' Index Corporation Files for Civil Rehabilitation Bankruptcy|url=http://www.animenewsnetwork.com/news/2013-06-27/atlus-games-index-corporation-files-for-civil-rehabilitation-bankruptcy|publisher=Siliconera|date=27 June 2013}}[http://indexweb.jp/assets/files/shared/pdf/disclose/2013/130627-01.pdf 民事再生手続開始の申立てに関するお知らせ]
On September 18, 2013, it was reported that Sega Sammy Holdings had won a bid to acquire Index for 14 billion yen.{{cite news|title=Sega Said to Win Auction to Buy Bankrupt Japan Gamemaker Index|author=Shigeru Sato & Takahiko Hyuga|url=https://www.bloomberg.com/news/2013-09-18/sega-said-to-win-auction-to-buy-bankrupt-japan-gamemaker-index.html|publisher=Bloomberg|date=18 September 2013|access-date=18 September 2013}} Sega Sammy Holdings denied taking over Index Corporation at first,[http://www.animenewsnetwork.com/news/2013-09-18/nikkei/sega-sammy-to-buy-out-atlus-games-index-corporation Nikkei: Sega Sammy to Buy Out Atlus Games' Index Corporation] 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.[http://sega.jp/corp/release/2013/0918/ 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][http://sega.jp/corp/release/2013/0918/nr130918_2.pdf 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]{{cite web|url=http://www.segasammy.co.jp/english/pdf/release/20130918_index_e_final.pdf|title=Notice of Conclusion regarding Business Transfer Agreement of Index Corporation|publisher=Sega Sammy Holdings Inc.|date=18 September 2013|access-date=18 September 2013|archive-date=27 September 2013|archive-url=https://web.archive.org/web/20130927043051/http://www.segasammy.co.jp/english/pdf/release/20130918_index_e_final.pdf|url-status=dead}} 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).{{cite web|url=http://sega.jp/corp/release/2013/1101/ |script-title=ja:当社子会社の事業譲受に関するお知らせ |language=ja |publisher=Sega Corporation |date=1 November 2013 |access-date=2 November 2013 |archive-url=https://web.archive.org/web/20131106081214/http://sega.jp/corp/release/2013/1101/ |url-status=dead |archive-date=6 November 2013 }} 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.{{Cite web |url=http://indexweb.jp/assets/files/shared/pdf/disclose/2014/140218-02.pdf |title=会社分割(新設分割)及び商号変更に関するお知らせ |access-date=2014-03-07 |archive-date=2014-03-07 |archive-url=https://web.archive.org/web/20140307080633/http://indexweb.jp/assets/files/shared/pdf/disclose/2014/140218-02.pdf |url-status=dead }}{{Cite web |url=http://sega.co.jp/wp-content/uploads/2014/03/nr140218_1.pdf |title=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 |access-date=2014-04-01 |archive-date=2014-06-29 |archive-url=https://web.archive.org/web/20140629010737/http://sega.co.jp/wp-content/uploads/2014/03/nr140218_1.pdf |url-status=dead }}
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.2014-06-17 [http://www.japantimes.co.jp/news/2014/06/17/national/crime-legal/heads-failed-game-developer-index-corp-indicted-fraud/#.V4aqsrgrLIU.html Heads of failed game developer Index Corp. indicted for fraud]
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.{{cite web|url=http://www.segasammy.co.jp/english/pdf/release/20151127_kogaisha_e_final.pdf|title= Notice of Conclusion of Transfer Agreement of Subsidiary's Shares (Index Corporation) by Subsidiary (SEGA Holdings Co., Ltd.)|publisher=Sega Sammy Holdings|date=27 November 2015|access-date=22 March 2017}} On July 1, 2016, Index Corporation changed its name to iXIT Corporation.{{cite web|url=http://www.ixit.co.jp/files/corporate_20160627155719.pdf?20160705134851|title=Company Name Change - Index Corporation|publisher=Sawada Holdings|date=27 June 2016|access-date=27 June 2016|archive-url=https://web.archive.org/web/20160821182407/http://www.ixit.co.jp/files/corporate_20160627155719.pdf?20160705134851|url-status=dead |archive-date=2016-08-21|format=PDF}}
Index Asia Ltd
File:Index Corp 2014 logo.png. 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.[https://web.archive.org/web/20160706220351/http://www.indexasia.co.th/news/47 Establishment of Index Asia Ltd. from the amalgamation process]
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.{{Cite web |url=http://www.indexasia.co.th/business |title=Index Asia Ltd, Business Structure |access-date=2016-12-10 |archive-date=2016-12-02 |archive-url=https://web.archive.org/web/20161202154532/http://www.indexasia.co.th/business |url-status=dead }}
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.{{Cite web |url=http://www.indexasia.co.th/sitemap |title=Index Asia Ltd, Corporate History |access-date=2016-12-10 |archive-date=2016-12-20 |archive-url=https://web.archive.org/web/20161220124429/http://www.indexasia.co.th/sitemap |url-status=dead }}
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
References
{{Reflist|2}}
External links
- [https://web.archive.org/web/20120415103854/http://indexweb.jp/ Official website] {{in lang|ja}}
{{Sega Sammy Holdings}}
{{Atlus}}
Category:Telecommunications companies established in 2014
Category:Amusement companies of Japan
Category:Telecommunications companies based in Tokyo
Category:Software companies based in Tokyo
Category:Re-established companies
Category:Japanese companies established in 2014
Category:Entertainment companies of Japan