Acquisition of a 40% equity interest in the newly established Tokyu Sports OASIS company
First written in FY2023-Q3. 3 of 7 entries say "Achieved", first in FY2023. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AchievedAnnual report
「Our group merged with Oasis on 1 April 2025.」
Following the 40% capital participation in 2023 and the conversion to a wholly owned subsidiary in 2024, the company completed its absorption-type merger with Oasis on 1 April 2025. - FY2025-H1AchievedAnnual report
「株式会社スポーツオアシス, which became a wholly owned consolidated subsidiary at the end of the previous consolidated fiscal year (the “Oasis”)」
The company progressed from its previous 40% capital participation to making Sports Oasis a wholly owned consolidated subsidiary at the end of the previous consolidated fiscal year. - FY2024-Q3RestatedAnnual report
「In addition, at 株式会社東急スポーツオアシス, an equity-method affiliate, 3 people from our company have been involved in management since April, working to establish a new management structure and enhance the value of its services. During the nine-month period ended 31 December, profitability in the sports club business continued to improve, while the home fitness business, centered on merchandise sales, performed well, driving further improvement in results.」
At Tokyu Sports Oasis, continued improvement in the management structure, service value and results was pursued, based on the involvement of 3 people from our company in management. - FY2024-Q2AdvancedAnnual report
「In addition, at 株式会社東急スポーツオアシス, an equity-method affiliate (the “Tokyu Sports Oasis”), 3 people from our company have been involved in management since April, working to establish a new management structure and enhance the value of its services. During the six-month period ended 30 September, profitability in the sports club business improved, while the home fitness business, centered on merchandise sales, performed well, and results are trending upward.」
3 people from the company became involved in the management of Tokyu Sports Oasis from April, advancing improvements to its management structure and service value. Results were also reported to be trending upward. - FY2024-Q1RaisedAnnual report
「We reached an agreement for our company to acquire all shares in 東急スポーツオアシス held by 東急不動産. In connection with this transfer, 東急スポーツオアシス is scheduled to become our consolidated subsidiary.」
The plan was expanded from the 40% interest acquired in March 2023 to acquiring the remaining 60% held by 東急不動産 on 31 March 2024, as scheduled, and making the company a consolidated subsidiary. We aim to grow the business through collaboration and cooperation between the two companies. - FY2023AchievedAnnual report
「On 31 March 2023, we acquired a 40.0% interest in 株式会社東急スポーツオアシス, the newly established company that succeeded, through a company split, to the fitness operations, home fitness, sports-facility management and operation services, and digital health design businesses of 株式会社東急スポーツオアシス, a subsidiary of 東急不動産株式会社.」
The 40% capital participation in the newly established 東急スポーツオアシス was completed on 31 March 2023. The combined group became one of the largest companies in Japan’s fitness industry by sales, with approximately 140 company-operated locations in Japan. - FY2023-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 10 February 2023, we resolved to acquire, on 31 March 2023, a 40.0% interest in a newly established company that would succeed, through a company split, to the fitness operations, home fitness, sports-facility management and operation services, and digital health design businesses of 株式会社東急スポーツオアシス, a subsidiary of 東急不動産株式会社.」
We resolved to invest 40% in a newly established company succeeding to the fitness operations, home fitness, facility management and operation services, and digital health design businesses. The acquisition was scheduled for 31 March 2023, and the initiative was first presented as an effort to achieve business growth and address health issues through the reciprocal use of the resources and know-how of both companies.