Agreements reached under this partnership
Business and Capital Alliances- 1
Analysis of sales data and formulation of product strategies, as well as support for continuously improving product strategies in response to changes in business scale and the operating environment
- 2
Introductions to potential business partners and support for recruiting personnel by leveraging グロースパートナーズ' network
- 3
Analysis of the current business model and cost structure
- 4
Conducting operational diagnostics and proposing efficiency improvements through workflow reductions and the use of IT tools
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).
The impact on consolidated results for the fiscal year ending May 2026 will be immaterial. The specific impact on consolidated results from the fiscal year ending May 2026 onward has not been determined.
| Item | Details |
|---|---|
| Name of alliance partner | Name of alliance partner |
| Alliance partner's business activities | Financial services; support services related to formulating corporate strategies and other matters; management consulting; investment and related consulting services |
| Alliance partner's location | Meguro-ku, Tokyo |
| Alliance partner's capital | ¥9 million |
| Alliance partner's net sales | ¥109.867 million (fiscal year ended June 2025) |
| Alliance partner's operating income | ¥14.873 million (fiscal year ended June 2025) |
| Type of alliance | Business and Capital Alliances |
| Details of the alliance | Analysis of sales data and formulation of product strategies, as well as support for continuously improving product strategies in response to changes in business scale and the operating environment, Introductions to potential business partners and support for recruiting personnel by leveraging グロースパートナーズ' network, Analysis of the current business model and cost structure, Conducting operational diagnostics and proposing efficiency improvements through workflow reductions and the use of IT tools |
| Number of shares acquired | 2,900,100 shares (if all of the stock acquisition rights and convertible bond-type bonds with stock acquisition rights are exercised and converted under their initial terms), equivalent to 36.98% of total shares issued |
| Acquisition price | ¥7,482,430 for the stock acquisition rights and ¥1,000,000,000 for the bonds with stock acquisition rights |
| Shareholding ratio | 0% (no record of the GP fund holding shares in the Company before the offering) → 26.99% (major shareholders after the offering, assuming all securities are exercised and converted) |
| Dispatch of directors and officers | グロースパートナーズ will be granted the right to nominate 1 director of the Company |
| Shareholding Policy | The policy is not to transfer the stock acquisition rights or the bonds with stock acquisition rights to a third party within a short period after their allotment. However, the common shares acquired through exercise or conversion will be sold while taking market conditions and other factors into consideration. From the payment date through 30 April 2031, the prior consent of the GP fund and other approvals will be required for the issuance of the Company's shares or other equity securities. |
| Date of board resolution | 10 April 2026 |
| Contract Date | 10 April 2026 |
| Alliance start date | 30 April 2026 |
| Share Acquisition Date and Payment Date | 30 April 2026 |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending May 2026 will be immaterial. The specific impact on consolidated results from the fiscal year ending May 2026 onward has not been determined. |
| Change in major shareholders | Kikuchi Keiichi (菊地敬一), 21.66% (largest shareholder before the offering) → GP上場企業出資投資事業有限責任組合, 26.99% (largest shareholder after the offering)（5.33 percentage points (from 21.66% to 26.99%)） |
Items this document does not state (4)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To strengthen the financial base and raise the funds needed for store closures, cost reductions, improvements in inventory management, higher repeat purchase rates, store digital transformation, and expansion of the e-commerce and popup businesses, while leveraging グロースパートナーズ' management support and business support expertise and network to improve profitability and enhance corporate value over the medium to long term.