Notice Concerning the Partial Business Transfer and Absorption Merger of Eggs Inc. - Aiming for the Further Revitalization of the Music Market
RecoChoku Inc. announced that it will transfer the "Platform Business (Eggs Media, GIGGS)" and "Agent Business" of its subsidiary, Eggs Inc., to Tokyu Corporation, effective March 31, 2026. Following this, RecoChoku will absorb the remaining Eggs Inc. on April 1, 2026, and will directly operate the "Distribution Business (Eggs Pass)". This strategic move aims to optimize management resources and further develop the indie music scene.
📋 Article Processing Timeline
- 📰 Published: March 26, 2026 at 23:07
- 🔍 Collected: March 28, 2026 at 21:59 (46h 52m after Published)
- 🤖 AI Analyzed: April 14, 2026 at 23:05 (409h 5m after Collected)
RecoChoku Inc. (Headquarters: Shibuya-ku, Tokyo; President: Toru Itabashi) resolved at its board of directors meeting on March 24, 2026, to transfer the "Platform Business (Eggs Media, GIGGS)" and "Agent Business" of its subsidiary, Eggs Inc. (Headquarters: Shibuya-ku, Tokyo; President: Eitaro Shibasaki), to Tokyu Corporation (Headquarters: Shibuya-ku, Tokyo; President: Masahiro Horie) as of March 31, 2026.
As announced on February 26, 2026, in the "Notice Concerning the Absorption Merger of Eggs Inc.," RecoChoku will absorb Eggs Inc. after the aforementioned business transfer on April 1st. The "Distribution Business ('Eggs Pass')" will be operated by RecoChoku as the main entity.
Through this, we will accelerate the optimal allocation of our company's management resources and business efficiency, contributing to the sustainable development of the entire music industry and the creation of multifaceted value within the indie culture.
■ Background of the Transfer Decision
RecoChoku, with its vision of "Designing a new relationship between people and music," and Eggs, with its vision of "Creating as many encounters as possible between artists and fans," have operated various businesses to support indie artists in multiple ways.
Meanwhile, Tokyu Corporation has long positioned music as a key category in its entertainment business and has promoted various projects to support the creative and expressive activities of indie artists.
During discussions with various potential transferee companies, we found that Tokyu and Eggs share the philosophy of "contributing to the development of music culture by supporting indie artists." Furthermore, we concluded that the "Platform Business" and "Agent Business" have a high degree of mutual complementarity with the live performance, promotion, and fan interaction opportunities provided by Tokyu's physical venues. We decided to sell to Tokyu because we believe that entrusting the business to them is the most effective way to realize Eggs' vision of "Creating as many encounters as possible between artists and fans."
After April 1st, the "Platform Business (Eggs Media, GIGGS)" and "Agent Business" will be commissioned by Tokyu to RecoChoku. A new business division will be established within RecoChoku, and the current staff will continue to operate the business.
■ Overview of the Business Transfer
Content of the Target Business
Platform Business: The operation of "Eggs," a platform connecting indie artists and listeners, and "GIGGS," a platform that aggregates live information.
As announced on February 26, 2026, in the "Notice Concerning the Absorption Merger of Eggs Inc.," RecoChoku will absorb Eggs Inc. after the aforementioned business transfer on April 1st. The "Distribution Business ('Eggs Pass')" will be operated by RecoChoku as the main entity.
Through this, we will accelerate the optimal allocation of our company's management resources and business efficiency, contributing to the sustainable development of the entire music industry and the creation of multifaceted value within the indie culture.
■ Background of the Transfer Decision
RecoChoku, with its vision of "Designing a new relationship between people and music," and Eggs, with its vision of "Creating as many encounters as possible between artists and fans," have operated various businesses to support indie artists in multiple ways.
Meanwhile, Tokyu Corporation has long positioned music as a key category in its entertainment business and has promoted various projects to support the creative and expressive activities of indie artists.
During discussions with various potential transferee companies, we found that Tokyu and Eggs share the philosophy of "contributing to the development of music culture by supporting indie artists." Furthermore, we concluded that the "Platform Business" and "Agent Business" have a high degree of mutual complementarity with the live performance, promotion, and fan interaction opportunities provided by Tokyu's physical venues. We decided to sell to Tokyu because we believe that entrusting the business to them is the most effective way to realize Eggs' vision of "Creating as many encounters as possible between artists and fans."
After April 1st, the "Platform Business (Eggs Media, GIGGS)" and "Agent Business" will be commissioned by Tokyu to RecoChoku. A new business division will be established within RecoChoku, and the current staff will continue to operate the business.
■ Overview of the Business Transfer
Content of the Target Business
Platform Business: The operation of "Eggs," a platform connecting indie artists and listeners, and "GIGGS," a platform that aggregates live information.