33-576: Oricon Inc. ( 株式会社オリコン , Kabushiki-gaisha Orikon ) , established in 1999, is the holding company at the head of a Japanese corporate group that supplies statistics and information on music and the music industry in Japan and Western music. It started as Original Confidence Inc. ( 株式会社オリジナルコンフィデンス , Kabushiki-gaisha Orijinaru Konfidensu ) , which was founded by Sōkō Koike in November ;1967 and became known for its music charts . Oricon Inc.
66-495: A " corporation , partnership , association, joint-stock company , trust , fund , or organized group of persons , whether incorporated or not, and (in an official capacity) any receiver, trustee in bankruptcy, or similar official, or liquidating agent , for any of the foregoing". Less common types of companies are: When "Ltd" is placed after the company's name, it signifies a limited company, and "PLC" ( public limited company ) indicates that its shares are widely held. In
99-492: A 33-month battle. A settlement was reached under which the publisher of Saizo magazine, who intervened in the lawsuit from the High Court, apologized to Ugaya for "publishing inaccurate comments without permission" and paid him 5 million yen, and also apologized to Oricon for discrediting the chart. Oricon waived its claim for damages and Ugaya, who had also filed a counterclaim for damages, waived his counterclaim. No criminal charge
132-577: A company is a body corporate or corporation company registered under the Companies Acts or under similar legislation. Common forms include: In the United Kingdom, a partnership is not legally a company, but may sometimes be referred to (informally) as a "company". It may be referred to as a "firm" . In the United States , a company is not necessarily a corporation. For example, a company may be
165-554: A managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies;
198-573: A matter of broadcast regulation . In the United States, a personal holding company is defined in section 542 of the Internal Revenue Code . A corporation is a personal holding company if both of the following requirements are met: A parent company is a company that owns enough voting power in another firm (or subsidiary ) to control management and operations by influencing or electing its board of directors . The definition of
231-425: A parent company differs from jurisdiction to jurisdiction, with the definition normally being defined by way of laws dealing with companies in that jurisdiction. When an existing company establishes a new company and keeps majority shares with itself, and invites other companies to buy minority shares, it is called a parent company. A parent company could simply be a company that wholly owns another company, which
264-408: A tending subsidiary of the purchasing company, which, in turn, becomes the parent company of the subsidiary. (A holding below 50% could be sufficient to give a parent company material influence if they are the largest individual shareholder or if they are placed in control of the running of the operation by non-operational shareholders.) In the United Kingdom, the term holding company is defined by
297-458: Is defined by Part 1.2, Division 6, Section 46 of the Corporations Act 2001 (Cth) , which states: A body corporate (in this section called the first body) is a subsidiary of another body corporate if, and only if: Toronto-based lawyer Michael Finley has stated, "The emerging trend that has seen international plaintiffs permitted to proceed with claims against Canadian parent companies for
330-453: Is sometimes done on a per- market basis. For example, in Atlanta both WNNX and later WWWQ are licensed to "WNNX LiCo, Inc." (LiCo meaning "license company"), both owned by Susquehanna Radio (which was later sold to Cumulus Media ). In determining caps to prevent excessive concentration of media ownership , all of these are attributed to the parent company, as are leased stations , as
363-493: Is then known as a " wholly owned subsidiary ". Company A company , abbreviated as co. , is a legal entity representing an association of legal people, whether natural , juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and
SECTION 10
#1732858797679396-428: Is to own stock of other companies to form a corporate group . In some jurisdictions around the world, holding companies are called parent companies , which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders , and can permit the ownership and control of a number of different companies. The New York Times uses
429-473: The Companies Act 2006 at section 1159. It defines a holding company as a company that holds a majority of the voting rights in another company, or is a member of another company and has the right to appoint or remove a majority of its board of directors, or is a member of another company and controls alone, pursuant to an agreement with other members, a majority of the voting rights in that company. After
462-653: The Old French term compagnie (first recorded in 1150), meaning "society, friendship, intimacy; body of soldiers", which came from the Late Latin word companio ("one who eats bread with you"), first attested in the Salic law ( c. AD 500) as a calque of the Germanic expression gahlaibo (literally, "with bread"), related to Old High German galeipo ("companion") and to Gothic gahlaiba ("messmate"). By 1303,
495-613: The financial crisis of 2007–2008 , many U.S. investment banks converted to holding companies. According to the Federal Financial Institutions Examination Council 's website, JPMorgan Chase , Bank of America , Citigroup , Wells Fargo , and Goldman Sachs were the five largest bank holding companies in the finance sector, as of December 2013 , based on total assets. The Public Utility Holding Company Act of 1935 caused many energy companies to divest their subsidiary businesses. Between 1938 and 1958
528-455: The United Kingdom, is generally held that an organisation holding a 'controlling stake' in a company (a holding of over 51% of the stock) is in effect the de facto parent company of the firm, having overriding material influence over the held company's operations, even if no formal full takeover has been enacted. Once a full takeover or purchase is enacted, the held company is seen to have ceased to operate as an independent entity but to have become
561-492: The allegedly wrongful activity of their foreign subsidiaries means that the corporate veil is no longer a silver bullet to the heart of a plaintiff's case." The parent subsidiary company relationship is defined by Part 1, Section 5, Subsection 1 of the Companies Act, which states: 5.—(1) For the purposes of this Act, a corporation shall, subject to subsection (3), be deemed to be a subsidiary of another corporation, if — In
594-496: The charts. For example, the debut single of NEWS , a pop group, was released only through 7-Eleven stores, which are not covered by Oricon, and its sales were not reflected in the Oricon charts. Oricon's rankings of record sales are therefore not completely accurate. Before data was collected electronically, the charts were compiled on the basis of faxes that were sent from record shops. In 2006, Oricon sued journalist Hiro Ugaya when he
627-455: The interview, Ugaya questioned the validity of Oricon's hit chart on the grounds that its statistical methods were not transparent. Many NGOs , including Reporters Without Borders , denounced the lawsuit as a violation of free expression. A Tokyo District Court initially ordered Ugaya to pay one million yen in damages, but Ugaya appealed to the Tokyo high court. Oricon later dropped the charges, after
660-648: The late 1970s. The company shortened its name to Oricon in 1992 and was split into a holding company and several subsidiaries in 1999. Since Sōkō Koike's death, Oricon has been managed by the founder's relatives. Oricon monitors and reports on sales of CDs, DVDs, video games, and entertainment content in several other formats; manga and book sales were also formerly covered. Charts are published every Tuesday in Oricon Style and on Oricon's official website. Every Monday, Oricon receives data from outlets, but data on merchandise sold through certain channels does not make it into
693-597: The legal context, the owners of a company are normally referred to as the "members". In a company limited or unlimited by shares (formed or incorporated with a share capital), this will be the shareholders . In a company limited by guarantee , this will be the guarantors. Some offshore jurisdictions have created special forms of offshore company in a bid to attract business for their jurisdictions. Examples include segregated portfolio companies and restricted purpose companies. However, there are many sub-categories of company types that can be formed in various jurisdictions in
SECTION 20
#1732858797679726-571: The number of holding companies declined from 216 to 18. An energy law passed in 2005 removed the 1935 requirements, and has led to mergers and holding company formation among power marketing and power brokering companies. In US broadcasting , many major media conglomerates have purchased smaller broadcasters outright, but have not changed the broadcast licenses to reflect this, resulting in stations that are (for example) still licensed to Jacor and Citicasters , effectively making them such as subsidiary companies of their owner iHeartMedia . This
759-471: The original Oricon company, was founded by the former Snow Brand Milk Products promoter Sōkō Koike in 1967. That November, the company began publishing a singles chart on an experimental basis. Entitled Sōgō Geinō Shijō Chōsa ( 総合芸能市場調査 , surveys of total entertainment markets ) , this went official on January 4, 1968. Like the preceding Japanese music charts provided by Tokushin Music Report which
792-423: The reputation of the exchange or particular market of an exchange. Private companies do not have publicly traded shares, and often contain restrictions on transfers of shares. In some jurisdictions, private companies have maximum numbers of shareholders. A parent company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors;
825-441: The resulting entities are often known as corporate groups . A company can be defined as an "artificial person", invisible, intangible, created by or under law, with a discrete legal capacity (or "personality"), perpetual succession , and a common seal . Except for some senior positions, companies remain unaffected by the death, insanity, or insolvency of an individual member. The English word, " company ", has its origins in
858-540: The stock of Company B, Company A will not pay taxes on dividends paid by Company B to its stockholders, as the payment of dividends from B to A is essentially transferring cash within a single enterprise. Any other shareholders of Company B will pay the usual taxes on dividends, as they are legitimate and ordinary dividends to these shareholders. Sometimes, a company intended to be a pure holding company identifies itself as such by adding "Holding" or "Holdings" to its name. The parent company–subsidiary company relationship
891-511: The term parent holding company . Holding companies can be subsidiaries in a tiered structure . Holding companies are also created to hold assets such as intellectual property or trade secrets , that are protected from the operating company. That creates a smaller risk when it comes to litigation . In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits such as tax-free dividends can be claimed. That is, if Company A owns 80% or more of
924-533: The word company referred to trade guilds . The usage of the term company to mean "business association" was first recorded in 1553, and the abbreviation "co." dates from 1769. According to the Company Law of the People's Republic of China , companies include the limited liability company and joint-stock limited company which founded in the mainland China. In English law and in legal jurisdictions based upon it,
957-406: The world. Companies are also sometimes distinguished for legal and regulatory purposes between public companies and private companies . Public companies are companies whose shares can be publicly traded, often (although not always) on a stock exchange which imposes listing requirements / Listing Rules as to the issued shares, the trading of shares and future issue of shares to help bolster
990-439: Was laid against the journalist. Dropping a lawsuit is rare in Japan; for example, only 0.1% of cases that ended in 2007 being done by the plaintiff ceasing the case. ( as of March 31, 2012 ) Holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose
1023-782: Was originally set up as a subsidiary of Original Confidence and took over the latter's Oricon record charts in April ;2002. The charts are compiled from data drawn from some 39,700 retail outlets (as of April 2011) and provide sales rankings of music CDs, DVDs, electronic games, and other entertainment products based on weekly tabulations. Results are announced every Tuesday and published in Oricon Style by subsidiary Oricon Entertainment Inc. The group also lists panel survey-based popularity ratings for television commercials on its official website. Oricon started publishing Combined Chart, which includes CD sales, digital sales, and streaming together, on December 19, 2018. Original Confidence Inc. ,
Oricon - Misplaced Pages Continue
1056-463: Was quoted in a Saizo (or Cyso ) magazine article as suggesting that Oricon was manipulating its statistics to benefit certain management companies and labels, specifically Johnny and Associates . Ugaya condemned the lawsuit as an example of a strategic lawsuit against public participation (SLAPP) in Japan. The lawsuit, filed by Oricon on November 17, 2006, accused Ugaya of "mendacious comments" and demanded 50 million yen (318,000 euros) in damages. In
1089-458: Was started in 1962, early Original Confidence was an exclusive information magazine only for the people who worked in the music industry. In the 1970s, Koike advertised his company's charts to make its existence prevail among the Japanese public. Thanks to his intensive promotional efforts through multiple media including television programs, the hit parade became known by its abbreviation "Oricon" by
#678321