M&A

2024.4.23

Transcript: M&A Progress and FY2025/1 Q1 Outlook

2024.4.23

Presentation: M&A Progress and FY2025/1 Q1 Outlook

Our Growth Strategy

The pillar of our growth strategy is to enhance the shareholder value by "Continuous Transformational Growth" through M&As, in addition to the growth of the existing businesses

Continuous Transformational
Growth through M&A

Continuous Growth in
Domestic Business

Continuous Growth in
Overseas Business

M&A Track Records

Since our incorporation, we have executed numerous M&As and capital transactions, mainly focusing on the operation of amusement arcades. We have been able to implement managerial efficiently, by sucessfully realizing synergies and optimizing resources

Operation of amusement arcades

2018.05

Establishment of GENDA
2018.06

Acquired 100% Stake of SPSS
2019.07

Established a JV in the U.S. with ROUND ONE
2020.12

Acquired 85.1% Stake of SEGA Entertainment
2021.04

Acquired the U.S. business of NAMCO USA
2021.10

Capital alliance with Dynamo Amusement
2021.12

Acquired the business of SEGA AMUSEMENTS TAIWAN LTD.
2022.01

Acquired 100% Stake of SEGA Entertainment

Acquired 100% Stake of Takarajima
2022.06

Capital aliance with Hashilus (VR content provider) and Dynamo Amusement
2022.10

Acquired the business of Sugai Dinos

Acquired the amusement arcade business of Avice
2023.09

Assets transferred from WASD

Kiddleton becomes wholly owned subsidiary (100%)

Making Dynamo Amusement a wholly owned subsidiary (100%)
2023.10

Acquisition of fixed assets, etc. from Amuzy

LEMONADE by Lemonica becomes a consolidated subsidiary

Ares Company becomes a consolidated subsidiary
2023.11

Acquired 78.05% stake of GAGA Corporation

Acquired mini-locations from Global Solutions, Inc.

Acquired 100% stake of INP LLC, the wholly-owning parent company of Japan Popcorn Co.
2023.12

Acquired the amusement arcade business operated by YK corporation Co.,Ltd
2024.01

Making Fukuya Holdings Co., a wholly owned subsidiary (100%)
2024.02

PLABI CORPORATION becomes a consolidated subsidiary

Shin Corporation Co., Ltd. becomes a consolidated subsidiary
2024.05

Acquired 100% Stake of SANDAI (scheduled)

External Evaluation

Top 10 Mergers and Acquisitions Services Companies in APAC

GENDA's corporate actions including our M&A strategy have been well-received externally.

On February 27, 2024, GENDA is selected as the Top 10 Mergers and Acquisitions Services Companies in APAC by Business Management Review Magazine.

Transition of EPS since Incorporation

We have been able to increase our cash EPS by 72 times in 5 years since our incorporation, not only through continuous transformational growth by M&As but also thorough the pursuit of disciplined financing to maximize shareholder value

Sales

¥0.4bn

FY2019/1
(Establishment)

139x

¥0.4bn

FY2024/1

cash EPS

¥1.84

FY2019/1
(Establishment)

72x

¥1.84

FY2024/1