GENDA Inc. (Headquarters: Minato-ku, Tokyo; Representative Director, President and CEO: Nao Kataoka; hereinafter collectively referred to as “GENDA,” including its group companies) has resolved at a meeting of the Board of Directors held today to acquire 100% of the shares outstanding of CARATT, Inc. (Headquarters: Kashiba city, Nara; Representative Director and President: Takashi Sano; hereinafter “CARATT”).

With the philosophy of creating communication that enriches lives and brings happiness to society through the heartwarming experience of “photo shoots,” CARATT operates 108 photography studios including “Studio CARATT,” “Studio Coffret” and “Self-portrait Studio Original,” across Japan (as of August 27, 2025). CARATT’s strength lies in its photographers’ ability to capture a client’s natural, fleeting expressions using handheld cameras. This technique allows them to provide modern, stylish photos that are perfect for social media. Besides, CARATT is not limited to traditional commemorative photography for events like Shichi-Go-San (a Japanese traditional celebration for children turning 3, 5 or 7) and Coming-of-Age ceremonies. They are capturing the needs of younger generations and families by expanding their offerings to include diverse photo studio concepts, such as casual, everyday self-photo studios, tailored to different age groups and purposes. By comprehensively handling everything from on-location photography and costume rentals to studio space design, they have developed a service that uses photography to support their clients through all of life’s moments. Instead of being a simple photography service, CARATT provides photography itself as an “experiential entertainment.” They create new connections and communication between people, and between people and society, that emerge from this unique experience.
Through CARATT joining GENDA, we will strengthen the collaboration between GENDA’s existing businesses and CARATT’s photography business and maximize the value of the entertainment experience for both companies.
With the Aspiration of “More fun for your days,” GENDA will keep delivering a variety of entertainment experiences.

■ For more details, please refer to this timely disclosure.

■ CARATT Corporate outline
Company name: CARATT, Inc.
Representative: Representative Director and President Takashi Sano
Establishment: December 2004
Location: Kashiba city, Nara
Web site: https://caratt.studio/system/

■ GENDA Corporate outline
“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 throughout the world. We operate a wide range of businesses in entertainment, including Amusement, Karaoke, Character Merchandising, Food & Beverage and Contents & Promotions (movies, interactive contents, etc.). We operate approximately 1,000 amusement arcades such as “GiGO” and the karaoke chain “Karaoke BanBan” in Japan and abroad, as well as approximately 14,000 mini-locations (mainly a gaming corner with 30 or less game machines installed). We operate in Japan, the United States, mainland China, Hong Kong, Taiwan, the United Kingdom, Vietnam, the Netherlands and Canada.

Company name: GENDA Inc.
Representative: Representative Director, President and CEO Nao Kataoka
Established: May 2018
Location: 6F Tokyo Shiodome Building, 1-9-1 Higashi-Shinbashi, Minato-ku, Tokyo
Web site: https://genda.jp/en
GENDA IR page: https://genda.jp/en/ir