Please tell us about your overseas expansion.

Currently, the GENDA Group has consolidated subsidiaries in the U.S., China, and Taiwan, respectively.

In the U.S., Kiddleton, Inc. (“Kiddleton”) is focusing on amusement arcade for children, amusement complexes including food and beverage, and mini-location operations. In particular, for mini-location operations, we are accelerating the monthly opening of new locations, as noted in our monthly store development report; since opening our first location in 2021, we have expanded to 205 locations (as of the end of October 2023) in approximately two years. Although we do not currently plan to disclose our annual target number of locations, we will proceed with even greater speed.

In China, Five Colors Inc. (hereinafter referred to as “Five Colors”) is engaged in amusement machine rentals, sales of goods, and purchase and sales of prizes and amusement machines. Just as prize game sales are on the rise in Japan, prize games are becoming increasingly popular in China due to the popularity of Japanese animation. Since Five Colors provides prizes and other items purchased from Japanese manufacturers to Chinese facility operators, we believe we will be able to capture the growing demand for prize games. In addition, amusement machines used in Kiddleton’s mini-location operations are developed and exported by Five Colors. By conducting transactions among the group companies in this way, it is possible to promote efficient business development for both parties.

We entered Taiwan in December 2021 with the acquisition of three SEGA-brand amusement arcades, and on November 20, 2023, we changed our company name to “GiGO Taiwan Inc.”. We intend to continue to aggressively open new amusement centers in the future.

As for overseas expansion in new regions, there are no facts that we can disclose at this time, but we are discussing and examining the matter internally.

Tag: 2023/11/28