Notice Regarding the Absorption-Type Merger of Virtual Cast, Inc. and LOGIC&MAGIC, Inc. Dwango Co., Ltd. Public Relations Department Press Release: October 2, 2025 To Members of the Media Notice regarding the absorption-type merger of Virtual Cast Inc. and LOGIC&MAGIC Inc. Virtual Cast Inc.
(Headquarters: Chuo-ku, Tokyo; CEO: Toyoki Ota; a group company of Dwango Co., Ltd.) and LOGIC&MAGIC Inc. (Headquarters: Shinagawa-ku, Tokyo; President and CEO: Toyoki Ota) are pleased to announce that they will be merging together through an absorption-type merger (hereinafter referred to as the “Merger”) with Virtual Cast Inc. as the surviving company, effective October 1, 2025. ■Background and purpose of the merger Virtual Cast provides the “Virtual Cast” app, aimed at all users active in the virtual space. It allows anyone to easily become a virtual talent and enjoy professional streaming. The company also offers a wide range of services, including VR education solutions for the N High School Group, operated by Kadokawa Dwango Gakuen, and support for the production of virtual character music concerts using real-time AR synthesis technology. LOGIC&MAGIC is a digital entertainment company specializing in video production and live performances, primarily using motion capture technology. We operate LOGIC&MAGIC STUDIO (formerly TUNEDiD), one of Tokyo’s largest motion capture studios, equipped with 54 cameras, and offer one-stop services for planning, production, and operation of real-time CG, VTubers, and AR live shows. We utilize our own live shaders and facial tracking to support the natural and rich expressions of virtual characters. The market surrounding virtual characters is rapidly expanding due to advances in VR and motion capture technology. To achieve sustainable growth in this environment, further strengthening our competitiveness is essential. To address this challenge, Virtual Cast and LOGIC&MAGIC have decided to combine their technical capabilities and know-how and unify their management structures. This will enable us to further grow and expand our business. Going forward, by combining the strengths of both companies, we will further enhance our content development capabilities and provide users with new value and unprecedented experiences. ■ Overview of the Parties to the Merger (as of October 1, 2025) Surviving Company Absorbed Company Name Virtual Cast Co., Ltd. LOGIC & MAGIC Co., Ltd. Location 4-12-15 Ginza, Chuo-ku, Tokyo Kabukiza Tower 2-2-20 Higashi-Shinagawa, Shinagawa-ku, Tokyo Tennozu Ocean Square 14th Floor Representative Toyonori Ota Toyonori Ota Business Activities Development, operation, and planning of VR systems (Virtual Cast) Video production using motion capture, planning, production, and management of AR live events Date of Establishment July 27, 2018 November 1, 2019 Capital 40 million yen 97.5 million yen For more information about this release automatically, so please do not reply. Press release attachments
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