April 23, 2024
To Our Valued Stakeholders
Company Name

GENDA Inc.

Name ofRepresentative Director

Representativeand President

Mai Shin(Code No.: 9166 Tokyo Stock Exchange Growth Market)
Contact information

Taiju

Director, CFO

Watanabe(for inquiries)(TEL 03-6281-4781)(Progress of Disclosure) Acquisition of All Shares of PLABI CORPORATION
by a Consolidated Subsidiary of GENDA(Making it into a Wholly-Owned Subsidiary)
GENDA Inc. (Headquarters: Minato-ku, Tokyo; Representative Director and Chairman of theBoard: Nao Kataoka; Representative Director and President: Mai Shin; hereinafter "GENDA")
announced in the "Notice of Acquisition of Shares in PLABI CORPORATION by a Consolidated
Subsidiary (Making it a Consolidated Sub-subsidiary) and Change of Specified Subsidiary" dated
December 19, 2023 that GENDA GiGO Entertainment (Headquarters: Minato-ku, Tokyo;
Representative Director and President: Kazuhiro Ninomiya; hereinafter "GENDA GiGOEntertainment"), a consolidated subsidiary of GENDA, acquires 82.45% of the outstanding sharesof PLABI CORPORATION (Headquarters: Hitachi City, Ibaraki Prefecture; RepresentativeDirector and President: Nobuaki Kaji; hereinafter "PLABI"), which operates amusement facilities
and other businesses,

on February 1, 2024, and to make PLABI a subsidiary of GENDA GiGOEntertainment.
After disclosing the above, GENDA GiGO Entertainment has conducted negotiations with eachshareholder holding the remaining 17.55%. As a result, GENDA GiGO Entertainment has enteredinto the following share transfer agreement and will acquire all shares issued by PLABI.
1. Outline of the consolidated subsidiary conducting the acquisition
(1)

Name

GENDA GiGO Entertainment Inc.

(2)

Location

1-9-1 Higashi-Shinbashi, Minato-ku, Tokyo(3)

Title and name ofRepresentative Director and President Kazuhiro Ninomiya

representative
Planning and operation of amusement arcade(4)

Business

Planning and operation of restaurant facilities
Mini-location business, etc.

(5)

Capital stock

50 million yen(6)Date of Establishment

April 1, 2004

(7)

Shareholders andShareholding Ratio

GENDA Inc.: 100%.

2. Outline of the Sub-Subsidiary to be Acquired (as of the disclosure of December 19, 2023)
(1)

Name

PLABI CORPORATION(2)

Location

3-1-16 Benten-cho, Hitachi City, Ibaraki Prefecture, Japan(3)

Title and name ofrepresentative

Representative Director and President Nobuaki Kaji
Amusement Arcade Operations(4)

Business

Indoor Playground Project
Amusement café business, etc.

(5)

Capital stock

50 million yen(6)Date of Establishment

September 9, 1965.

(7)

Major Shareholders andShareholding Ratio

2 individuals and 1 corporation: 82.45%.
Other corporations and individuals: 17.55%.
*Shareholding Ratio as of the date of submission of this document
Capital ties

(8)

Listed companies andPersonalRelationship with therelationsCompanyBusiness
relations(9)

NANANA

Operating results and financial condition of the company for the past three years
Year ending March

Year ending March

Year ending March

31, 2021

31, 2022

31, 2023

Net assets

987 million yen

1,110 million yen

1,084 million yen

Total assets

6,354 million yen

6,076 million yen

5,808 million yen

307.13 yen

345.37 yen

337.34 yen

3,832 million yen

4,496 million yen

4,907 million yen

76 million yen

209 million yen

358 million yen

Accounting period

Net assets per share
Net sales
Operating income

Ordinary income

56 million yen

229 million yen

312 million yen

Net income (loss)-57 million yen

125 million yen-15 million yen

Earnings per share-17.87 yen

38.99 yen

-4.95 yen

Dividend per share--5.00 yen* PLABI expects to return to profitability in the fiscal year ending March 31, 2024.
3. Outline of the counterparty of the acquisition
Shares will be acquired from an Employee Stock Ownership Association, two individuals and 19corporations.
Neither the Employee Stock Ownership Association nor the two individuals have any business
relationship with GENDA that should be noted.
Of the corporations, there are no companies with which GENDA has a personal or capital
relationship. The business relationship with GENDA is as follows.
[Borrowings]
Mizuho Bank, Ltd.
Sumitomo Mitsui Trust Bank, Limited[No transactions]
Nippon Life Insurance Company
The Toho Bank, Ltd.
The Mito Shinkin Bank, Ltd.
Asahi Mutual Life Insurance Company
Tsukuba Bank, Ltd.
Meiji Yasuda Life Insurance Company
SEGA CORPORATIONTAITO CORPORATION
Aioi Nissay Dowa Insurance Co.,Ltd.
Mizuho Capital Co., Ltd.
Bandai Namco Amusement Inc.
SHIMAMURA Co., Ltd.
TOYO SECURITIES CO.,LTD.
Mito Securities Co., Ltd.
ORIX Corporation
Okasan Securities Co., Ltd.
KOEI TECMO GAMES CO., LTD.

4. Date of share acquisition
Number of shares
held before theDate of SigningchangeNumber of shares

Number of shares held
Number of shares

after the changeacquired

Number of shares
held

held
December 19,
2023

January 22,
2024

February 27,
2024

February 27,
2024

March 18,
2024

April 23,2024

2,650,380 shares
0 shares2,650,380 shares(Ownership ratio:82.45%)

2,650,380 shares(Ownership ratio:

3,021,380 shares
371,000 shares(Ownership ratio:82.45%)

93.99%)

3,021,380 shares

3,131,380 shares(Ownership ratio:

110,000 shares(Ownership ratio:93.99%)

97.42%)

3,131,380 shares

3,151,380 shares(Ownership ratio:20,000 shares(Ownership ratio:97.42%)

98.04%)

3,151,380 shares

3,211,380 shares(Ownership ratio:

60,000 shares(Ownership ratio:98.04%)

99.01%)

3,211,380 shares

3,214,380 shares(Ownership ratio:99.01%)

3,000 shares(Ownership ratio:100.00%)

5. Future outlook
The impact of this matter on our group's business performance and financial position isexpected to be minor. However, if a significant change in business conditions results in afinancial impact, we will disclose such information as soon as it becomes clear.

SharesAcquisition
Date

February 1,
2024

February 1,
2024

March 1,2024

March 5,2024

March 27,2024

April 26,2024