FY2022-Q2First statedAnnual report
「At a board meeting held on 13 August 2021, the company resolved to terminate its franchise agreement with Chateraise Co., Ltd. for the operation of a directly operated Japanese and Western confectionery store and to transfer the business to Takasawa Co., Ltd., and entered into a business transfer agreement on 9 September 2021. / The business transfer was completed on 1 October 2021 under the agreement. / Transfer of the operation of the Japanese and Western confectionery store Chateraise Nagano Higashiwada Store and the assets and other items necessary for continuing the business.」
The company terminated the franchise agreement for Chateraise Nagano Higashiwada Store and completed the business transfer to Takasawa Co., Ltd. on 1 October 2021. Revenue for the fiscal year ended March 2021 was ¥235.303 million and operating profit was ¥29.088 million. The reasons given were improved profitability, including management costs, and the concentration of management resources on core businesses.