As a result, Takara will be disolved & Tomy will be the surviving company since Tomy will have the majority of the shares. Tomy's Toyama Mikitarou president will assume the position of the President & Representative Director, Chairman Keita Sato of Takara will assume the position of the Representative Director Vice President & Chairman Masami Ochiai will assume the position from the index of the director. On September 1, there will also be a new strategic joint venture company established with the tentative name "Takara Tomy Network" which will concentrate on media aspects such as television, cellular phones & procurement of projects of animation production companies & new content.
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