At a meeting of New Japan Pro-Wrestling’s board of directors April 22, it was determined that NJPW will fully acquire all stakes in Bushiroad Fight Co. Ltd. (henceforth “Bushiroad Fight”, due to rename itself STARDOM Co. Ltd. from June 28) from parent company Bushiroad Inc. With this acquisition, Bushiroad Fight will become a fully owned subsidiary of New Japan Pro-Wrestling effective June 28.

Goal of acquisition

To improve operating efficiency and reduce redundancies within Bushiroad’s sports unit.

Transfer of stock date

Friday, June 28

tl;dr: Bushiroad (primary owner of NJPW) owned Stardom (having bought it from Rossy years ago). NJPW itself has now acquired Stardom from it’s parent company, as a part of company restructuring and will now be a subsidiary of NJPW. No other major changes expected.

Quote from NJPW commentator Chris Charlton:

“While this isn’t a ‘front of house’ affecting situation, it is great news for fans indirectly. Operational efficiency = no tripping over one another with big events on the same day, better/more effective cross promotion, and better ways for the whole family to experience pro wrestling.”