Domestic business expansion through the acquisition of 5 existing hot spring facilities
First written in FY2020-Q1. 1 of 3 entries say "Achieved", first in FY2020-Q2. Latest entry: FY2020-Q3.
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- FY2020-Q3Cited as achievedAnnual report
「Results for the third quarter of the current consolidated accounting period (October to December) benefited from an increase in stores following the business acquisition in July 2019 and the contribution of stores opened in the previous fiscal year. In addition, various collaboration events at directly operated stores and the effective use of newspaper-inserted flyers contributed to increases in revenue and segment profit (operating profit).」
The acquisition of 5 hot spring facilities from Takachiho Co.,Ltd., completed in July 2019, was cited as a factor behind the increase in revenue and operating profit in the Japan segment in the third quarter through the increase in store count. - FY2020-Q2AchievedAnnual report
「In July, we acquired the bathing-facility business comprising 5 stores from Takachiho Co.,Ltd. and opened them as company-operated Gokurakuyu stores.」
The acquisition of 5 hot spring facilities from Takachiho Co.,Ltd. was completed, and the facilities opened in July as directly operated Gokurakuyu stores. - FY2020-Q1First statedAnnual report
「At a board meeting held on 24 April 2019, the Company resolved to enter into a basic agreement with Takachiho Co.,Ltd. for the acquisition of part of its hot spring business and to establish a subsidiary in connection with the acquisition. The acquisition was completed by 2 July 2019.」
The Company acquired 5 of the 6 hot spring facilities operated by Takachiho Co.,Ltd., excluding 1 facility in Nagano Prefecture, for cash consideration, and newly established 合同会社極楽湯東日本 as the operating company.