Centralization of Management Resources through Intra-Group Reorganization

「The company has incorporated GIVERS' planning and production capabilities into the group, increasing sales and improving profit margins through the rollout of original products.」

「By incorporating the planning and production capabilities held by GIVERS Co., Ltd. (the “Target Company”) into our group, we expect to increase sales and improve profit margins. In addition, selling products handled by the Target Company through our group will enable us to increase sales, while offering our group's products through the Target Company's sales network serving the beauty salon industry is expected to increase sales and profits for both parties. Accordingly, we determined that the transaction would contribute to expanding the operations and increasing the corporate value of our group, including the Target Company, and Axas, our consolidated subsidiary, acquired all shares of the Target Company, making it our consolidated subsidiary (sub-subsidiary).」

「The target company's planning and production capabilities will enable our group to plan and manufacture original products, which we believe will allow us to increase sales and profit margins.」

「The target company's group is primarily engaged in imported cosmetics and fragrances, but it will become possible to supply domestic cosmetics to the group through our procurement channels. This will enable the group to offer a broad product lineup, including domestic cosmetics, through its e-commerce business, and the company determined that there is sufficient potential for the target company's group to expand its operations.」

「The company determined that incorporating Wall Deco's processing technology and expertise into the group, while making maximum use of Axas's market and product information, would contribute to increasing the corporate value of both companies and the group.」

「The purpose of the merger is to centralize the real estate leasing businesses held by Axas and AC Real Estate, thereby rationalizing and promoting the group's real estate leasing business, while maximizing corporate value through operational rationalization, including faster decision-making in response to changes in market conditions and reductions in administrative costs.」

「The purpose of the merger is to centralize the real estate leasing businesses held by Axas and AC Real Estate, thereby rationalizing and promoting the group's real estate leasing business, while maximizing corporate value through operational rationalization, including faster decision-making in response to changes in market conditions and reductions in administrative costs.」

「The product assortment at Awour Liquor Okinohama (Tokushima, Tokushima) was changed to focus on Western spirits and higher-value alcoholic beverages, while ordinary beer, sake and shochu were relocated to Decor Okinohama (Tokushima, Tokushima), a Home Keeper unit.」

「In April 2018, Plaza Alex (Tokushima, Tokushima) was expanded in one section, and the domestic top-brand furniture previously offered at TOOLS AND DESIGN (Tokushima, Tokushima), in the same Okinohama district, was prominently featured. The store was relocated and renovated as an interior section with a product assortment more closely focused on its core target customers in their 30s and 40s, thereby increasing store loyalty. As a result of this relocation and renovation, TOOLS AND DESIGN was integrated with Plaza Alex.」

「As part of rationalizing the group's operations, the retail business was transferred to Axas in order to consolidate it within the group.」

「Through this business combination, AC Real Estate decided to integrate management with Axas because it would enable the company to implement (1) personnel exchanges to utilize Axas's centralized expertise in various fields, (2) full use of a product supply network better aligned with customer needs, (3) mutual use of information systems, and (4) substantial reductions in administrative costs.」