GENDA Group, operator of GiGO game centers, acquires Otodori, a karaoke equipment company.

GENDA Corporation, known for its amusement machine rentals and "GiGO" game center operations, announced the acquisition of Ondori Corporation, a karaoke machine rental and sales company, through a tender offer (TOB).

GENDA Group acquires Ondori

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GENDA has Shin Corporation, which operates "BanBan" karaoke machines, under its umbrella, and is expected to collaborate with Ondori, which seeks to improve the user experience through the distribution of karaoke machines, with a view to creating synergies.

GENDA's acquisition of the Ondori Group will...

• Ondori Group's promotion of equipment installation for BanBan karaoke
• Economies of scale in the night market
• Expansion of the network and increase in the number of machines handled due to roll-up M&A of competitors

The company expects to achieve the following. The details of the tender offer are disclosed in a timely manner.