5pb.'s New Name is "Mages"
Chiyomaru Shikura to remain as CEO of newly merged entity.
We reported earlier that 5pb. was being merged with its parent company AG-One and would be dissolved on paper, meaning AG-One would be the surviving entity. It turns out that AG-One's name won't survive the change either. The online edition of the Mainichi Shimbun newspaper reports that AG-One's name will be changed to "Mages" (in Japanese, "メージス").
Current 5pb. CEO Chiyomaru Shikura will be CEO of the post merger Mages. Current AG-One CEO Takashi Nakanishi will be vice president.
It's still unclear if the 5pb. brand will survive. With past mergers or absorptions, such as Atlus being absorbed into parent company Index, the recognizable name of the brand remained.
As reported earlier, the changes will take effect on June 1 following shareholder approval on May 13.