|Concluded a business transfer agreement with Sugaidinos Co., Ltd.|
Notice of conclusion of business transfer agreement with Sugaidinos Co., Ltd.
GENDA Co., Ltd. (Headquarters: Ota-ku, Tokyo; Chairman: Nao Kataoka; President: Mai Shin; hereinafter referred to as the Company) group company GENDA GiGO Entertainment Co., Ltd. (Headquarters: Ota-ku, Tokyo; President: Hijiri Ueno, hereinafter GENDA GiGO Entertainment) has announced that Sugaidinos Co., Ltd. (Headquarters: Sapporo City, Hokkaido, President: Naohisa Miura, hereinafter Sugaidinos), which is undergoing civil rehabilitation proceedings, will acquire Sasaki Kogyo Co., Ltd. (Headquarters: Tokyo) We are pleased to announce that we have agreed to jointly support with Toshima Ward, President: Shinichi Sasaki, hereinafter referred to as Sasaki Kogyo), and have signed a business transfer agreement between GENDA GiGO Entertainment and Sugaidinos today.
■ Background and purpose of concluding this business transfer agreement
Sugaidinos was established in 2018 with the transfer of the entertainment business operated in Hokkaido by Sugai Kogyo Co., Ltd. (later renamed to SD Entertainment Co., Ltd.), which was established in 1954. Currently, we operate a total of 26 game arcades, movie theaters, and bowling alleys in Hokkaido, and we are ranked 5th in Hokkaido for arcade business, 4th for movie theater business, and 2nd for bowling business. . On May 30 this year, we applied for the application of the Civil Rehabilitation Law and were considering transferring the business to the sponsor company.
By taking over the business of Sugaidinos to GENDA GiGO Entertainment, we believe that we can share the know-how of both companies, expand the entertainment business in Hokkaido, and contribute to the revitalization of the local economy. We have considered support measures as Among them, by jointly operating Sugai Cinema with Sasaki Kogyo, which operates 14 cinema complexes nationwide under the Cinema Sunshine brand, including Grand Cinema Sunshine Ikebukuro, we will further expand each business dramatically. We are convinced that this is possible, and have concluded the business transfer agreement.
■ Business transfer scheme
First, GENDA GiGO Entertainment will establish Sugai Cinema Co., Ltd. (tentative name, hereinafter Sugai Cinema), which is wholly owned by GENDA GiGO Entertainment. Next, on September 30, 2019, GENDA GiGO Entertainment will take over the game center business and bowling business from Sugaidinos, and Sugai Cinema will take over the movie theater business. On the same day, Sasaki Kogyo will acquire 85.1% of the shares of Sugai Cinema from GENDA GiGO Entertainment.
Representative: Hisashi Kataoka, Chairman and Representative Director
Representative Director and President Mai Shin
Location: 1-6-1 Omori Honcho, Ota-ku, Tokyo Omori Park Building 4F
Established: May 2018
Sasaki Kogyo Co., Ltd.
Representative: Shinichi Sasaki, President and Representative Director
Location: 1-14-3 Higashi-Ikebukuro, Toshima-ku, Tokyo
Established: April 1943
Sugaidinos Co., Ltd.
Representative: Naohisa Miura, President and Representative Director
Location: Norbesa 6F, 5-1-1 Minamisanjo Nishi, Chuo-ku, Sapporo
Established: December 2018