GENDA to Acquire One Karaoke Stores~Expansion of store network through roll-up M&A in karaoke business~

GENDA Inc. (Headquarters: Minato-ku, Tokyo; Chairman of the Board: Nao Kataoka, Representative Director and President; Mai Shin; hereinafter “GENDA”) announced today that Shin Corporation (Headquarters: Minato-ku, Tokyo; President: Susumu Kawaguchi; hereinafter “Shin Corporation”) has agreed to acquire the fixed assets of one karaoke facility (located in Wakabayashi-ku, Sendai, Miyagi Prefecture) operated by ATOM Corporation (Headquarters: Yokohama City, Kanagawa Prefecture; President; Kimihiro Tanaka, hereinafter “ATOM”), which operates a karaoke facility management business, to acquire the store assets and other fixed assets of one karaoke facility. The store is scheduled to open in November 2024 as “Karaoke BanBan Sendai Yamatomachi” under the management of Shin Corporation.

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We will continue to strive to create attractive facilities so that we can offer a more enjoyable entertainment experience to all of our customers who use GENDA’s facilities.

■GENDA Company Profile

「More fun for your days」
To realize this Aspiration, GENDA is an entertainment company that aims to build a global entertainment network and increase the ‘total amount of fun’ distributed in the world. GENDA operates a wide range of businesses in entertainment, including Amusement, Karaoke, Character Merchandising, Food & Beverage, Contents & Promotion (movies, interactive contents, etc.). It operates approximately 800 amusement arcades such as GiGO and the karaoke chain BanBan in Japan and abroad, as well as approximately 1,400 mini-locations (non-staffed gaming corners). It operates in Japan, North America, mainland China, Taiwan, the UK, the Middle East and Vietnam.

Company name: GENDA Inc.
Representative Director and Chairman of the Board Nao Kataoka, Representative Director and President Mai Shin
Established: 5 May 2018.
Location: 17F, Tokyo Shiodome Building, 1-9-1 Higashi-Shinbashi, Minato-ku, Tokyo
Website: https://genda.jp
GENDA IR page: https://genda.jp/ir