Heiwado (TYO:8276) will sell all shares in YU-ING, its amusement facility subsidiary, to Genda GiGO Entertainment, aiming to focus on core retail and enhance mall appeal through a specialist operator, according to a Thursday filing on the Tokyo Stock Exchange.
YU-ING runs game centers and bowling alleys inside Heiwado malls.
The transfer, set for May 8, follows rising costs, labor shortages, and shifting consumer trends. Genda GiGO, backed by Genda Inc., is expanding aggressively through store launches and M&A.
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