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GENDA Stock 9166.T

GENDA Inc. · EDINET filings · Reporting currency JPY · Half-year reporting · Figures as of H1 FY2027 (Feb to Jul 2026) · updated 2026-10-28 · ISIN JP3386890002

GENDA is a Japanese entertainment and amusement conglomerate operating GiGO-branded amusement facilities centered on crane game arcades, karaoke venue chains including the Karaoke BanBan brand, film distribution through GAGA Co., character-goods planning and sales, and VR attraction development and operation. GENDA stock (9166.T): Half-year and annual results since 2024 from Half-Year Report and EDINET filings: revenue, earnings, balance sheet, cash flow and management guidance, every figure with its source. As of 09/2026, half-year reporting. Stock analysis by NadirAlpha. GENDA stock (9166.T): listed on JPX. NadirAlpha has evaluated 9 original documents, cross-checked every figure automatically and linked each to its source; sources as of 09/2026. Revenue H1 FY2027 (Feb to Jul 2026): JPY 103.7 billion (+40% year on year). Latest reading: Net income turned negative, Revenue decelerating, New market.

Net income turned negative Revenue decelerating strategy: New market

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Not investment adviceNeutral financial information, no recommendation, no investment research within the meaning of MiFID II.
Verify yourselfFigures are extracted automatically, errors are possible. Every figure is clickable with its source; the issuer's original documents are always authoritative.
EditorialThe texts (business model, current status, development and others) are written AI-editorially from the original reports alone, cross-checked automatically and backed with sources; the company's own account, no assessment of our own. Methodology
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GENDA Current Status

The current state of GENDA at a glance, figures as of H1 FY2027, with core figures and the key management statements from the latest filing. NadirAlpha methodology

Assessment by NadirAlpha, as of H1 FY2027 (Feb to Jul 2026).

GENDA reported first-half revenue of 103,664 million yen, up 40.1% year-on-year, and adjusted EBITDA of 11,206 million yen, up 21.1% year-on-year 9. The period ended with a net loss attributable to parent shareholders of 322 million yen 9. During the half, GENDA formed ENNE by integrating three karaoke equipment dealers, renamed and consolidated its North American amusement operations under GENDA Americas, Inc., and brought Toshinpack and Ottotree Entertainment into the consolidated group 9.
Revenue · 2027-H1103,664¥ million+40.1 % vs. 2026-H1
Net profit · 2027-H1-322¥ million−196.1 % vs. 2026-H1
Revenue trend
Profitability
GENDA posted adjusted EBITDA of 11,206 million yen for the first half, up 21.1% year-on-year 9. The period resulted in a net loss attributable to parent shareholders of 322 million yen 9. No operating income, operating cash flow, or free cash flow figure for the first half is stated in the available inputs.
Leverage
As of the end of the first half, GENDA held cash of 31,277 million yen and carried net debt of 30,452 million yen. Net debt at the half-year point was lower than the FY2026 fiscal year-end level of 45,533 million yen. No Net-Debt/EBITDA ratio for the period is stated in the available inputs.
Management view
Five of GENDA's domestic amusement stores that completed conversion to the GiGO Crane Game Oasis format posted materially higher sales relative to their pre-conversion levels, and the company opened four additional locations under the same format, including at Aeon Mall Kuwana 9. The Karaoke BanBan app surpassed three million members as of 2026, and GENDA's foreign currency exchange machine installations exceeded 1,000 units in 2026, with approximately 330 additional units added year-on-year through 2026 9. GAGA Co., a film distribution subsidiary, released 13 titles during the period including the recipient of the 98th US Academy Award for International Feature Film, and distributed the animated title Umamusume Pretty Derby: New Generation's Gate to more than 600 theaters across the US and Canada 9.
Change
GENDA completed an overseas public offering that increased paid-in capital from 7,211 million yen to 16,860 million yen during the first half 8. Adjusted EBITDA expanded at a slower rate than revenue for the period, with both growth rates as reported by the company 9. No specific segment-level revenue decline, write-off, or impairment amount is stated in the available inputs.
Risks (current)
GENDA faces post-merger integration execution risk, with integration progress described as delayed and rounders' patrol frequency reported at approximately 40% below prior levels 8. Key-person risk arises from the company's material dependence on its representative director and CEO, with potential for significant business impact if that individual were unable to continue in the role 8. Acquisition-related risks include potential business plan shortfalls, goodwill impairment, contingent liabilities, and special losses from integration-related asset disposals; operations are also subject to multiple regulatory frameworks including entertainment-facility licensing laws, fire codes, and financial settlement regulations 7 8.
New this reporting period
GENDA opened two GiGO amusement locations in Shanghai during the first half and held GiGO EXPO 2026 in June 2026, while domestically VR BASE TOKYO launched at Tobu Zoo in March 2026 as the first permanent VR attraction base in the Kanto region, followed by a temporary site at Tokyo Tower in July 2026 9. ENNE was established through the integration of three karaoke equipment dealers in February and March 2026, North American operations were consolidated under a renamed entity, GENDA Americas, Inc., in March 2026, and Shin Corporation absorbed Mero Works in April 2026 9. Toshinpack, a character-goods business, was brought into the consolidated group in May 2026 and Ottotree Entertainment, which operates karaoke venues in Malaysia, was consolidated in July 2026; GENDA also opened six new photography studio locations and a new food and beverage outlet in Harajuku during the half 9.

GENDA Stock: Key Figures (¥ million)

Revenue, margin, earnings and EPS of GENDA per fiscal year, half-year and quarter in ¥ million, as of H1 FY2027, as reported in the filing; restatements show the most recent filing version. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology

All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.

Revenue (¥ million) · annual basis, as reported
Net income (¥ million) · annual basis, as reported
EPS (¥) · annual basis, as reported
Operating cash flow (¥ million) · annual basis, as reported
Revenue (¥ million) · half-year basis, as reported
Net income (¥ million) · half-year basis, as reported
EPS (¥) · half-year basis, as reported
Operating cash flow (¥ million) · half-year basis, as reported
Revenue (¥ million) · quarterly basis, as reported
Net income (¥ million) · quarterly basis, as reported
EPS (¥) · quarterly basis, as reported
Cash (¥ million) · annual basis, as reported
Debt (¥ million) · annual basis, as reported
Net Debt (¥ million) · annual basis, as reported
Capex (¥ million) · annual basis, as reported
FCF (¥ million) · annual basis, as reported
D&A (¥ million) · annual basis, as reported
Cash (¥ million) · half-year basis, as reported
Debt (¥ million) · half-year basis, as reported
Net Debt (¥ million) · half-year basis, as reported
Capex (¥ million) · half-year basis, as reported
FCF (¥ million) · half-year basis, as reported
D&A (¥ million) · half-year basis, as reported
Cash (¥ million) · quarterly basis, as reported
Debt (¥ million) · quarterly basis, as reported
Net Debt (¥ million) · quarterly basis, as reported
Shown: the most recent fiscal years. Full history since FY2023 is on record.

Fiscal years

Amounts in ¥ million · EPS in ¥ per share · as reported
GENDA stock: key figures on annual basis, FY2024 to FY2026, in ¥ million. Compiled by NadirAlpha from EDINET filings.
PeriodCalendar quarterRevenueOp. incomeNet incomeEPS (¥)OCFSource
FY2026Q1/2025–Q1/2026170,7877,6953,82620.8913,9198
FY2025Q1/2024–Q1/2025111,7777,9133,25220.837,8906
FY2024Q1/2023–Q1/202455,6975,3704,17829.22~7,6023

Half-years

Amounts in ¥ million · EPS in ¥ per share · as reported
GENDA stock: key figures on half-year basis, 2024-H1 to 2027-H1, in ¥ million. Compiled by NadirAlpha from EDINET filings.
PeriodCalendar quarterPublishedRevenueOp. incomeNet incomeEPS (¥)FCFCashNet DebtSource
2027-H1*Q1–Q3/20262026-09-11103,6642,252-322–-3,58831,277–9
2026-H2*Q3/2025–Q1/20262026-04-2896,8144,481~3,516~–-4,20231,84845,5338
2026-H1*Q1–Q3/20252025-09-1273,9733,2393351.93~-8,020~26,449–7
2025-H2*Q3/2024–Q1/20252025-04-2562,2464,729~1,847~–-71225,53314,1826
2025-H1*Q1–Q3/20242024-09-1249,5313,1841,4059.45-2,698~25,0553,9765
2024-H2*Q3/2023–Q1/20242024-04-2631,1822,6032,20315.41*≈1,85312,3291,7543
2024-H1*Q1–Q3/20232023-09-1224,5152,7671,97528.691,02710,903-2,6361

Quarters

Amounts in ¥ million · EPS in ¥ per share · as reported
GENDA stock: key figures on quarterly basis, 2024-Q1 to 2025-Q2, in ¥ million. Compiled by NadirAlpha from EDINET filings.
PeriodCalendar quarterPublishedRevenueOp. incomeNet incomeEPS (¥)CashNet DebtSource
2025-Q2*Q2–Q3/20242024-09-1224,8461,1251821.22*≈25,0553,9765
2025-Q1Q1–Q2/20242024-06-1224,6852,0591,22316.48––4
2024-Q4*Q4/2023–Q1/20242024-04-2616,8891,2068545.97*≈12,3291,7543
2024-Q3*Q3–Q4/20232023-12-1314,2931,3971,349–––2
2024-Q2*Q2–Q3/20232023-09-1212,5211,097390–10,903-2,6361
2024-Q1Q1–Q2/20232024-06-1211,9941,6701,585–––4
Japan abolished mandatory quarterly reports in 2024. Quarters appear as reported; half-year and annual balance-sheet dates fill the Q2 and Q4 columns. The continuous series is shown in the half-year table.
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.
Columns not reported in this reporting cadence are hidden: Op. income (adj.), EBITDA (adj.), EPS adj., FCF (not reported in any source for these periods).

GENDA Balance Sheet & Cash Flow (¥ million)

Point-in-time balance sheet items of GENDA (cash, financial debt) and cash flow items per fiscal year, half-year and quarter, derived values with their formula in the popover. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology

Fiscal years

Amounts in ¥ million · as reported
GENDA stock: balance sheet and cash flow on annual basis, FY2024 to FY2026, in ¥ million. Compiled by NadirAlpha from EDINET filings.
PeriodCalendar quarterPublishedCashDebtNet DebtD&AOCFCapexFCFSource
FY2026Q1/2025–Q1/20262026-04-2831,84877,38145,5339,76613,91926,141-12,2228
FY2025Q1/2024–Q1/20252025-04-2525,53339,71514,1824,9347,89011,300-3,4106
FY2024Q1/2023–Q1/20242024-04-2612,32914,0831,7542,5497,6024,7222,8803

Half-years

Amounts in ¥ million · as reported
GENDA stock: balance sheet and cash flow on half-year basis, 2024-H1 to 2027-H1, in ¥ million. Compiled by NadirAlpha from EDINET filings.
PeriodCalendar quarterPublishedCashDebtNet DebtD&AOCFCapexFCFSource
2027-H1Q1–Q3/20262026-09-1131,27761,729~–6,1796,55610,144-3,5889
2026-H2Q3/2025–Q1/20262026-04-2831,84877,38145,5336,009~8,99513,197-4,2028
2026-H1Q1–Q3/20252025-09-1226,44934,347~–3,7814,92412,944~-8,020~7
2025-H2Q3/2024–Q1/20252025-04-2525,53339,71514,1822,9316,1806,892-7126
2025-H1Q1–Q3/20242024-09-1225,05529,0313,9762,0031,7104,408~-2,698~5
2024-H2Q3/2023–Q1/20242024-04-2612,32914,0831,7541,4734,4692,6161,8533
2024-H1Q1–Q3/20232023-09-1210,9038,267-2,6361,0763,1332,1061,0271

Quarters

Amounts in ¥ million · as reported
GENDA stock: balance sheet and cash flow on quarterly basis, 2024-Q2 to 2027-Q2, in ¥ million. Compiled by NadirAlpha from EDINET filings.
PeriodCalendar quarterPublishedCashDebtNet DebtSource
2027-Q2Q2–Q3/20262026-09-1131,27761,729~30,452~9
2026-Q4Q4/2025–Q1/20262026-04-2831,84877,38145,5338
2026-Q2Q2–Q3/20252025-09-1226,44934,347~7,898~7
2025-Q4Q4/2024–Q1/20252025-04-2525,53339,71514,1826
2025-Q2Q2–Q3/20242024-09-1225,05529,0313,9765
2025-Q1Q1–Q2/20242024-06-12–29,732–4
2024-Q4Q4/2023–Q1/20242024-04-2612,32914,0831,7543
2024-Q3Q3–Q4/20232023-12-13–8,132–2
2024-Q2Q2–Q3/20232024-06-1210,9038,267-2,6364
Japan abolished mandatory quarterly reports in 2024. Quarters appear as reported; half-year and annual balance-sheet dates fill the Q2 and Q4 columns. The continuous series is shown in the half-year table.
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.

GENDA Stock: Price & Chart

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GENDA Event Timeline

NadirAlpha sorts 30 events of GENDA by quarter, most recent first, each with source number and event type, management quotes as direct quotes at the start of the quarter. NadirAlpha methodology

Overview: one dot per event · click jumps to the period
earningsrevenuemarginstrategyfinancials2024-Q22024-Q32024-H12024-H22025-Q12025-Q22025-Q32025-Q42026-Q12026-H12027-Q12027-H1
2027 · 7 events

Net income turned negative 2026-09-11
Net loss attributable to parent company shareholders of 322 million yen recorded for the interim period 9
revenue 2026-09-11
First-half revenue of 103,664 million yen, up 40.1% year on year; adjusted EBITDA 11,206 million yen, up 21.1% 9
New market 2026-09-11
Ottotree Entertainment Sdn Bhd consolidated as subsidiary in July 2026, marking first overseas karaoke expansion into Malaysia 9
Revenue decelerating 2026-09-11
Revenue growth decelerated to +40.1% YoY (prior period +55.5%). 9

Operational disruption 2026-04-28
Post-merger integration challenges emerged in North America after NEN and Player One were brought into the group, with prize merchandise replenishment gaps delaying operational progress 8
Acquisition 2026-04-28
26 M&A deals executed in FY2026 including Indigo Newco Limited (approximately 100 UK holiday-park amusement venues and 125 mini-locations) and Karat (photo studio chain); total assets grew 93.7% to 222,643 million yen 8
Strategic pivot 2026-04-28
After announcing a cumulative 60 M&A transactions, GENDA signalled a shift toward stricter deal selection focused on capital efficiency and financial discipline 8
2026 · 8 events

revenue 2025-09-12
H1 revenue rose 49.3% year-on-year to 73,973 million yen, with EBITDA before M&A-related costs up 50.5% 7
Acquisition 2025-09-12
15 M&A deals executed in H1 including the acquisition of Player One (Pixel Intermediate Holding Corporation) on 2 July 2025, bringing consolidated subsidiaries to 37 and expanding North America amusement and mini-location operations 7
New market 2025-09-12
SMART EXCHANGE (formerly Actopro) consolidated via share exchange on 3 March 2025, adding a Tourism segment for foreign currency exchange services; the segment recorded an all-time monthly revenue high in April 2025 7
Net income halved 2025-09-12
Net income more than halved YoY (1,405.0 to JPY 335.0 million, -76%). 7
Revenue decelerating 2025-09-12
Revenue growth decelerated to +49.3% YoY (prior period +99.6%). 7
Cash flow inflection 2025-09-12
Operating cash flow reached JPY 4,924.0 million vs JPY 1,710.0 million in 2025-H1 (×2.9). 7

Free cash flow turned negative ◦ 2025-04-25
Free cash flow turned negative at 3,410 million yen as capex rose to 11,300 million yen from 4,722 million yen in the prior year, against operating cash flow of 7,890 million yen versus 7,602 million yen previously 6
Margin compressing 2025-04-25
Net income attributable to shareholders fell 79.0% year-on-year to 3,252 million yen; return on equity declined 44.9 percentage points to 12.0% 6
2025 · 7 events

Acquisition 2025-04-25
National Entertainment Network (approx. 10,000 US mini-locations) consolidated as a subsidiary in November 2024 through Kiddleton, lifting the global mini-location network to approx. 11,800 sites 6

Strategic pivot 2025-04-25
New corporate logo adopted in September 2024 alongside a stated long-term vision to become the world's No. 1 entertainment company by 2040; member ID unified under the GENDA ID brand 6

Acquisition 2024-09-12
Kiddleton resolved to acquire 100% of Claw Holdings, parent of National Entertainment Network (approx. 8,000 US mini-locations), targeting completion within 2024; Onton (karaoke equipment sales and rental) fully consolidated via tender offer and Sitram (liquor import and wholesale) added as subsidiary, bringing total subsidiaries to 24 5

Revenue accelerating ◦ 2024-06-12
Revenue rose 105.7% year-on-year to 24,685 million yen in Q1, with newly consolidated subsidiaries Shin Corporation and Purebee contributing to the expansion 4
Acquisition 2024-06-12
Shin Corporation (karaoke BanBan, 368 stores) and Purebee (47 amusement facilities, 357 mini-locations) consolidated in February 2024, expanding the domestic amusement facility count to 323 stores and mini-location sites to 998 4
Revenue accelerating ◦ 2024-04-26
Full-year revenue reached 55,697 million, up 20.8% year on year, with operating income at 5,370 million, up 26.5% 3
Acquisition 2024-04-26
M&A activity over FY2024 brought 13 new consolidated subsidiaries including Preby, Shin Corporation, Gaga, Fukuya Holdings, and Kiddleton, expanding the group to 19 subsidiaries and 273 domestic amusement facilities 3
2024 · 8 events

Net cash to net debt 2024-04-26
Net debt position flipped (-2,636.0 to +JPY 1,754.0 million vs 2024-H1). 3

Net debt to net cash 2023-09-12
Net debt position flipped (+1,185.0 to -JPY 2,636.0 million vs 2023-H2). 1

Acquisition 2023-12-13
GENDA added five new consolidated subsidiaries in the quarter through M&A, including Kiddleton, Dynamo Amusement, Lemonade Lemonica, and Ares Company 2
Strategic pivot 2023-12-13
GENDA restructured its reporting from a single segment into two segments: Entertainment Platform Business and Entertainment Content Business 2
Sector shift 2023-12-13
GENDA acquired a 78.05% stake in independent film distributor Gaga Corporation on November 30, 2023, entering the film distribution business 2

Strategic pivot 2024-04-26
GENDA listed on the TSE Growth Market on July 28, 2023, completing a public offering of 2,200,000 shares and a third-party allotment of 323,000 shares; capital and capital surplus each increased by 1,800 million yen 3
Revenue accelerating ◦ 2023-09-12
First-half cumulative revenue exceeded the prior-year period, driven by higher urban foot traffic, strong prize game sales, and new store openings including a dedicated oshi-katsu specialty shop opened in July 1
New market 2023-09-12
Subsidiary Wucaihui Industry (Guangzhou) Trading opened amusement facility Qigong in June 2023, the group's first amusement venue in mainland China 1

GENDA Business Model

How GENDA (9166.T) makes its money, summarised from the filings up to H1 FY2027, neutral and without forecast. NadirAlpha methodology

GENDA is a Japanese entertainment and amusement conglomerate operating GiGO-branded amusement facilities centered on crane game arcades, karaoke venue chains including the Karaoke BanBan brand, film distribution through GAGA Co., character-goods planning and sales, and VR attraction development and operation. GENDA earns revenue from direct venue operations, equipment leasing and sales to karaoke operators, foreign currency exchange machine deployments at amusement sites, and theatrical content licensing and distribution. GENDA has expanded through acquisitions across Japan and extended its amusement and karaoke brands into North America, mainland China, and Southeast Asia.

GENDA Stock: Share-Price Drivers

The drivers of GENDA stock from the company's perspective: demand, prices, costs and capacity as the investor relations reports describe them. NadirAlpha methodology

Acquisition-led consolidation of amusement and entertainment-platform businesses in Japan and overseas
GENDA has consolidated a large number of businesses across FY2026, including Player One Amusement Group and Premier Amusements (about 123 stores and roughly 2,300 mini-location sites) 7 and further subsidiaries such as Indigo Newco, Pixel Intermediate Holding and Newo Enterprises amusement facilities 8, with Malaysia karaoke operator Ottotree added in 2026-Q3 9; this roll-up is the main lever behind reported revenue and the expanded asset and debt base 8.
Entertainment Platform segment (amusement facilities and related operations)
GENDA reports Entertainment Platform revenue of 95,690 million yen for 2027-H1, up 41.5% (9); the company's platform footprint has been widened by consolidations of overseas and domestic operators 7 8.
Entertainment Content segment (characters, karaoke, film and related content)
GENDA reports Entertainment Content revenue of 12,455 million yen for 2027-H1, up 42.1% (9); the company added content assets such as the consolidation of eiga.com 8 and character-goods maker Toshin Pack 9.
International expansion of amusement and entertainment operations
GENDA took in North American operations via Player One Amusement Group and Premier Amusements 7 and Newo Enterprises amusement facilities 8, renamed Kiddleton to GENDA Americas 9, and consolidated Malaysia's Ottotree karaoke operation in 2026-Q3 9, indicating the cross-border rollout is gaining traction.
New venues and formats (VR BASE TOKYO, GiGO stores)
GENDA opened VR BASE TOKYO with Tokyo Tower 6 and continues to roll out GiGO-branded locations including GiGO Roppongi with GiGO POKER and the GiGO Shanghai site 8 9, pointing to continued format expansion.
Balance-sheet leverage from the acquisition programme
GENDA funded expansion partly through unsecured bonds with early-redemption options of 3.3 billion yen and 8.0 billion yen 8; net debt stands at JPY 30,452 million at 2027-Q2 against JPY 7,898 million a year earlier, while cash is JPY 31,277 million.

Sector trend: GENDA's reported amusement and entertainment-platform volumes are heading higher, with both the Entertainment Platform and Entertainment Content segments growing at reported rates of 41.5% and 42.1% for 2027-H1 (9). Demand for in-person amusement facilities, karaoke and content-led venues appears supportive, with the company adding capacity through new openings and consolidations rather than reporting a specific margin or utilisation KPI.

GENDA Revenue by Type (as of 2027-H1 · JPY million · 4/7)

Where the revenue of GENDA comes from: segments and product types with share, growth and margin, as of H1 FY2027, older structures remain in the expandable part. NadirAlpha methodology

GENDA: revenue by segment, as of 2027-H1, in JPY million. Compiled by NadirAlpha from EDINET filings.
SegmentSinceRevenueGrowthSource
Period 2027-H1 (6M)
エンタメ・プラットフォーム2025-H195,640–9
エンタメ・コンテンツ2025-H18,001–9
エンタメ・プラットフォーム事業2024-Q395,69041.5%9
エンタメ・コンテンツ事業2024-Q312,45542.1%9
Period 2024-Q2 (6M)
アミューズメント施設運営2024-Q222,795–1
オンラインクレーンゲーム運営2024-Q2772–1
Other2024-Q2478–1

GENDA Products & announcements (9/45 active+recent)

Product announcements of GENDA from the reports: market launches, approvals, partnerships, with first mention and source; discontinued products are shown in grey. NadirAlpha methodology

Status: LaunchedPlanned

GENDA: product announcements from the filings, 45 entries. Compiled by NadirAlpha from EDINET filings.
Product/LineSinceStatusSource
2026
GiGO EXPO 20262026-069
スタジオコフレ有松スタジオを含む合計６店舗の新規出店2026-039
LEMONICA/UNI DONUTS 原宿店2026-039
GiGO上海百聯ZX創趣場2026-039
Important renovation: Amusement facility equipment (GENDA GiGO Entertainment) (3×)2026-016
Important equipment installation: Karaoke facility equipment (Shin Corporation)2026-016
Important equipment installation: Karaoke equipment (Onetsu Entertainment)2026-016
2025
VR BASE TOKYO (2×)2025-069
2023
GiGO総本店2023-099
2025
VR BASE TOKYO / XR CENTER GAME SPACE福岡店2025-128
GiGO六本木（GiGO POKERを併設）2025-128
映画「栄光のバックホーム」配給・公開2025-118
スタジオコフレ宇都宮インターパークスタジオ2025-108
LEMONADE by Lemonica/HillValley イオンモール沖縄ライカム店2025-097
VSING渋谷2025-088
映画「サブスタンス」配給・公開2025-058
GENDA Europe Ltd.（英国ロンドンのGiGOブランドミニロケ2箇所開業）2025-057
Stock split (1:2 ratio)2025-046
GiGO富士急ハイランド（VRアトラクション併設）2025-038
GiGO富士急ハイランド内VRアトラクション「ほぼほぼジェットコースターV」2025-037
第２回期限前償還条項付無担保社債（80億円）20258
第１回期限前償還条項付無担保社債（33億円）20258
C'traum Asia Pte.Ltd.をシンガポール設立20258
2024
GiGO桑名（カラオケBanBanとGiGOの複合型店舗）開業2024-126
カラオケBanBanアプリをGENDA IDへ移管・リニューアル2024-116
ギャガによる映画「侍タイムスリッパー」配給拡大（全国350館以上）2024-086
海外公募増資2024-078
新株式発行2024-076
株主優待制度導入2024-066
普通株式１株につき２株の割合で株式分割2024-066
FLIPS新宿2024-035
GENDA Capital１号投資事業有限責任組合設立2024-024
映画「落下の解剖学」配給20245
映画「デッドデッドデーモンズデデデデデストラクション」配給20245
ギャガによる映画「落下の解剖学」配給（パルムドール受賞作品）20246
ギャガによるアニメ映画「デッドデッドデーモンズデデデデデストラクション」配給20246
カラオケBanBan蒲田駅東口店20248
GiGO Arcade Café KITTE大阪20245
2023
GiGO新12店舗出店2023-122
fanfancy+ with GiGO会員アプリ2023-096
第三者割当増資（オーバーアロットメント関連）2023-081
東京証券取引所グロース市場への上場2023-073
アミューズメント施設「奇恭」の出店（中国広州）2023-061
株式分割（普通株式1株につき400株）2023-043
GENDA GiGO総本店オープン20233

GENDA Transactions & Events (80)

All recorded acquisitions, divestitures and exits of GENDA, plus partnerships, contracts and regulatory events affecting the business, each with date and source. NadirAlpha methodology

Acquisitions · 79Divestitures/exits · 1
202420252026

Acquisitions by GENDA

GENDA: Acquisitions, 79 entries. Compiled by NadirAlpha from EDINET filings.
Transaction / stakeDateTypeSource
2026
Ottotree Entertainment Sdn Bhd（マレーシアでのカラオケ施設運営）を連結子会社化2026-09Completed9
株式会社トーシンパック（キャラクターグッズ企画・製造・販売）を連結子会社化2026-05Completed9
シン・コーポレーションがメロ・ワークスを吸収合併2026-04Completed9
株式会社エーセツを連結子会社化2026-03Completed8
フィリコ・ジャパン株式会社を連結子会社化2026-03Completed8
カラオケ機器レンタル・販売業を行うディーラー３社の統合により株式会社ENNEを発足2026-02Completed9
2025
米国のNewo Enterprises, Inc.が展開するアミューズメント施設を譲受2025-12Completed8
HEAD ROCK VR JAPAN in 東武動物公園を譲受2025-12Completed8
株式会社メロ・ワークスを連結子会社化2025-11Completed8
株式会社カジ・コーポレーション買収2025-11Completed8
株式会社カジ・コーポレーションを連結子会社化2025-11Completed8
Indigo Newco Limited買収2025-11Completed8
株式会社レモネード・レモニカを吸収合併2025-10Completed8
株式会社キャラット買収2025-10Completed8
株式会社キャラットの完全子会社化2025-10Completed7
キャラット（フォトスタジオ事業）を連結子会社化2025-10Completed8
映画.com株式会社の連結化2025-08Completed8
VENUplus, Inc.のミニロケ事業譲受2025-07Completed8
Player One Amusement Group Inc.の連結化 (2×)2025-07Completed8
Pixel Intermediate Holding Corporation買収2025-07Completed8
PLAYER ONE acquisition by Kiddleton subsidiary2025-07Completed6
Barberio Music Companyを連結子会社化2025-07Completed8
株式会社ユーイング（13店舗、86箇所ミニロケ）2025-05Completed7
株式会社ユーイングを連結子会社化2025-05Completed8
エスアイアミューズメント株式会社を連結子会社化2025-05Completed8
株式会社ゲームグースを連結子会社化2025-04Completed8
株式会社ハローズ（53店舗アミューズメント施設、63箇所ミニロケ）2025-03Completed7
株式会社ハローズを連結子会社化2025-03Completed8
株式会社アトム（カラオケ施設23店舗）2025-03Completed8
株式会社SMART EXCHANGE2025-03Completed8
ディー・エイト株式会社を連結子会社化2025-03Completed8
ディー・エイト2025-03Completed7
ActPro acquisition (stock exchange with cash consideration)2025-03Completed6
株式会社ドラマより6店舗のアミューズメント施設を譲受2025-02Completed8
2024
National Entertainment Network, LLC（NEN）買収2024-11Completed8
Claw Holdings持分取得 (2×)2024-11Completed6
音通（株式会社音通）連結子会社化2024-10Completed6
音通公開買付け実施2024-08Completed6
株式会社シトラムとの株式交付2024-07Completed6
シトラム追加取得2024-07Completed6
株式分割（1株–2株）2024-06Completed6
株式会社ゲームグース（1店舗）2024-06Completed7
株式会社アメックス2024-06Completed5
プレビの吸収合併2024-06Completed5
VRゲーム事業2024-06Completed5
株式会社シトラム2024-05Completed5
有限会社サンダイ2024-05Completed5
シトラム連結子会社化2024-05Completed6
シトラム株式取得（支配獲得）2024-05Completed6
株式会社フクヤホールディングス買収2024-03Completed3
株式会社フクヤホールディングスの連結子会社化2024-03Completed3
株式会社シン・コーポレーション買収2024-02Completed3
プレビ株式会社連結子会社化2024-02Completed4
プレビ株式会社買収2024-02Completed6
プレビ株式会社2024-02Completed5
シン・コーポレーション連結子会社化2024-02Completed6
シン・コーポレーション株式取得2024-02Completed6
シン・コーポレーション2024-02Completed5
株式会社音通（カラオケ・スポーツ・IP事業）の完全子会社化2024Completed5
新株の発行2024Completed3
フクヤホールディングス全株式取得2024Completed3
Claw Holdings（National Entertainment Network傘下）の持分100%取得2024Completed5
2023
レモネード・レモニカ 連結子会社化2023-12Completed2
アレスカンパニー 連結子会社化2023-12Completed2
日本ポップコーン株式会社の連結子会社化2023-11Completed3
ギャガ株式会社買収2023-11Completed3
ギャガ株式会社の連結子会社化2023-11Completed3
ギャガ株式会社 株式取得2023-11Completed2
株式会社レモネード・レモニカの連結子会社化2023-10Completed3
株式会社アレスカンパニー買収2023-10Completed3
株式会社アレスカンパニーの連結子会社化2023-10Completed3
株式会社ダイナモアミューズメントの全株式取得2023-09Completed3
ダイナモアミューズメント 連結子会社化2023-09Completed2
Kiddleton株式の譲渡 (2×)2023-09Completed9
公募増資2023-07Completed3
レモネード・レモニカ の株式66.0%取得2023Completed3
ダイナモアミューズメント全株式取得2023Completed3
ギャガ株式会社の株式78.05%取得2023Completed3
アレスカンパニー全株式取得2023Completed3

Divestitures and exits by GENDA

GENDA: Divestitures / exits, 1 entries. Compiled by NadirAlpha from EDINET filings.
Transaction / stakeDateTypeSource
2024
連結子会社株式会社エスピーエスエス及び株式会社トーキョー キャラクター メーカーズの全株式売却2024Divested3

GENDA Risks (42 since the annual report of 2026-04-28, 124 tracked in total)

Risk factors GENDA itself names in its reports, merged by topic across periods, with category, first mention and source; new risks of the latest period come first. NadirAlpha methodology

Category: FinancialSupply chainOperationsPeopleLegalRegulatoryStrategyCustomersMacroMarketCyber

GENDA: risk factors as reported, 42 since the last annual report, 124 tracked. Compiled by NadirAlpha from EDINET filings.
RiskCategoryLast reported
GENDA: first mention in Annual report (EDINET) of 2026-04-28 (FY2026), source 8
海外公募増資による資本金大幅増加（7,211百万円から16,860百万円）=
各年度の決算期における経常損益が2期連続して損失とならないようにする財務制限条項=
税務上の繰越欠損金消滅時に通常税率適用による法人税負担増加=
半導体需給ひっ迫、中国製造業の政治経済情勢変化による納期遅れ、仕入価格高騰=
PMI進捗遅延、ラウンダー巡回頻度が従来比４割減=
代表取締役社長CEOである片岡尚への依存、同氏の経営継続が困難になった場合の影響=
連結貸借対照表上の純資産の部の金額を直前の決算期末日における同額の80%以上に維持する必要がある財務制限条項=
風営法対応不備による許認可取消、営業停止処分、業績悪化=
店舗運営において風営法の厳守が重要な要件=
買収後の事業計画未達、のれん減損、偶発債務、統合に伴う資産整理による特別損失=
従業員の悪意や重大過失による内部統制機能不全、法令違反の発生リスク=
賃料大幅増加、賃貸更新不合意による移転強要、敷金保証金回収不能=
新株予約権行使による既存株主の株式価値及び議決権割合の希薄化=
複数企業結合によるのれん総額23,232百万円。最長18年の均等償却予定。=
税務上の繰越欠損金4,664百万円。評価性引当額2,601百万円で大部分が制限。=
景品の滞留、陳腐化による在庫廃棄、評価減の実施可能性=
為替相場変動、海外法令変更、労使関係、政治的要因による海外事業リスク=
地震、豪雨、感染症等による店舗営業停止、本社機能停止の可能性=
過去の影響による市場規模減少を経験した=
業界全体の不況やゲーム市場の多様化、少子化による子会社業績悪化の可能性=
税務上の制約可能性がある=
取引先及び顧客からの訴訟提起による財政状態・経営成績への影響=
複数の企業結合に伴う取得原価配分が年度末時点で未完了。Pixelおよびインディゴについて暫定的会計処理。=
2026年4月1日以降、防衛特別法人税の課税開始。法定実効税率を30.62%から31.52%に変更。=
新規出店時の売上予測未達、投資回収不能、出店余地減少による計画未達=
店舗契約先の経済状況悪化、預託金回収不能、取引停止による営業影響=
GENDA: first mention in Half-year report (EDINET) of 2025-09-12 (2026-H1), source 7
風俗営業規制、消防法、特定商取引法、資金決済法等多数の法令による規制を受ける=
GENDA: first mention in Annual report (EDINET) of 2025-04-25 (FY2025), source 6
セガ企業年金基金の基礎率変更、年金資産運用損益による退職給付費用の増減FY2026
2026-04-28 8
急拡大する事業環境での優秀な人材採用の継続が必須FY2026
2026-04-28 8
インターネット上の風評被害、従業員の不適切行為によるブランドイメージ損傷FY2026
2026-04-28 8
筆頭株主ミダスキャピタルとの関係悪化、経営方針変更による株主総会決議への影響FY2026
2026-04-28 8
純粋持株会社体制での子会社業績変動がグループ全体成績に大きく影響FY2026
2026-04-28 8
事業継続・拡大に必要な優秀人材の確保困難、少子高齢化による人手不足FY2026
2026-04-28 8
飲食物提供施設での食中毒、誤表示による食の安全信用低下FY2026
2026-04-28 8
風営法等多数の法的規制への対応不備による許認可取消、営業停止処分のリスクFY2026
2026-04-28 8
GENDA: first mention in Annual report (EDINET) of 2024-04-26 (FY2024), source 3
ECサイト事業でのクレジットカード不正利用による売上消失、手数料負担FY2026
2026-04-28 8
個人情報流出による損害賠償、信用失墜の可能性FY2026
2026-04-28 8
サーバーダウンによるサービス提供停止、コンピューターウイルス対策の不備FY2026
2026-04-28 8
M&A実施時に一時的に有利子負債が増加する可能性FY2026
2026-04-28 8
事業環境変化によるキャッシュフロー悪化時に継続的配当ができない可能性FY2026
2026-04-28 8
消費税率引き上げ時に価格転嫁できない場合の利益悪化FY2026
2026-04-28 8
顧客嗜好の急激な変化への対応困難によるアミューズメント施設来客減少FY2026
2026-04-28 8
= last mention identical with the first mention (same source)

GENDA Reported KPIs (as disclosed) (1)

The story KPIs of GENDA that standard databases usually miss, grouped by publication, most recent first, with source number. NadirAlpha methodology

Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.
GENDA: reported KPIs as disclosed, 1 entries. Compiled by NadirAlpha from EDINET filings.
KPIValue / changeSource
GENDA, published 2024-04-26, period FY2024
tax loss carryforward2,004 (JPY 百万円)3

GENDA Development

A condensed summary of GENDA per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. NadirAlpha methodology

FY2027: GENDA

GENDA reported first-half FY2027 revenue of 103,664 million yen, up 40.1% year on year, while adjusted EBITDA reached 11,206 million yen, up 21.1% 9. The company recorded a net loss attributable to parent company shareholders of 322 million yen for the interim period 9. Genda continued to expand through acquisitions, consolidating character goods manufacturer Toshin Pack as a subsidiary in May 2026 and Malaysian karaoke operator Ottotree Entertainment Sdn Bhd in July 2026, marking the company's first overseas karaoke presence 9. At the end of the second quarter, cash stood at 31,277 million yen with net debt of 30,452 million yen.

FY2026: GENDA

GENDA's FY2026 revenue reached 170,787 million yen, reflecting expansion driven by 26 M&A transactions completed during the year that brought consolidated subsidiaries to 45 companies 8. Operating income was 7,695 million yen and net income attributable to the parent totalled 3,826 million yen, with diluted earnings per share of 20.89 yen 8. Operating cash flow of 13,919 million yen was exceeded by capital expenditure of 26,141 million yen, resulting in negative free cash flow, while net debt reached 45,533 million yen at year-end as acquisitions and related financing substantially enlarged the balance sheet 8. Post-merger integration challenges in North America following the NEN and Player One acquisitions affected operational progress, and GENDA indicated a shift toward stricter investment selection with emphasis on capital efficiency 8.

FY2025: GENDA

GENDA reported full-year revenue of 111,777 million yen in FY2025, up 100.2% from the prior year, driven by ten acquisitions that roughly doubled the company's operating footprint across amusement facilities, karaoke, and mini-locations 6. Operating income reached 7,913 million yen, while net income attributable to shareholders fell 79.0% year-on-year to 3,252 million yen and return on equity declined 44.9 percentage points to 12.0% 6. The largest transaction was the consolidation of National Entertainment Network in November 2024, adding approximately 10,000 US mini-locations and lifting the global mini-location network to approximately 11,800 sites 6. Capex rose to 11,300 million yen, producing negative free cash flow of 3,410 million yen, while year-end cash stood at 25,533 million yen and net debt reached 14,182 million yen as long-term borrowings rose by 25,310 million yen 6.

FY2024: GENDA

GENDA reported full-year revenue of 55,697 million for FY2024, up 20.8% year on year, with operating income of 5,370 million, up 26.5%, and net income attributable to shareholders of 4,178 million, up 19.6% 3. GENDA completed its IPO on the Tokyo Stock Exchange Growth Market on July 28, 2023 and expanded its consolidated group through M&A activity that added 13 new subsidiaries over the year, bringing the total to 19 companies 3. Domestic amusement facilities reached 273 locations with 298 mini-location units in the United States, while GENDA entered film distribution through the acquisition of independent film distributor Gaga Corporation and opened its first GiGO-branded amusement facility in mainland China 3. The GiGO app gained approximately 670,000 new members, 2.4 times the prior year level, and digital transformation initiatives reduced in-store operational time by approximately 62% 3.

Glossary

  • Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
  • Op. income: The operating line of the income statement; EBIT only as a marked fallback, never pre-tax or ordinary income.
  • Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
  • EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
  • FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
  • OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
  • Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
  • Net Debt: Net debt = financial debt excluding lease liabilities minus cash at the same reporting date; the company's own net position may differ.
  • *: derived, the formula is in the hover
  • ≈: calculated, approximation
  • ~: uncertain; the value stays visible, verdicts do not use it
  • °: repaired by a targeted query against the document, or curated with documentary evidence
  • EBIT: EBIT as a fallback: the income statement carries no operating line
  • basic: basic earnings per share as a fallback when diluted is missing

Sources: quarterly reports, annual reports and investor relations documents

All original documents NadirAlpha used for this report on GENDA stock: quarterly and annual reports, earnings releases and investor relations documents, sorted by publication, the document type is the link. Note on EDINET (Japan): direct retrieval via the EDINET API requires a free API key; alternatively all documents are freely available via the EDINET search (disclosure2.edinet-fsa.go.jp). NadirAlpha methodology

9 documents · 2023 to 2026 · EDINET (Japan)
Sources for GENDA stock: 9 original documents, 2023 to 2026. Compiled by NadirAlpha.
#Document typePublished
#1 / #101Quarterly report (EDINET)2023-09-12
#2 / #102Quarterly report (EDINET)2023-12-13
#3 / #103Annual report (EDINET)2024-04-26
#4 / #104Quarterly report (EDINET)2024-06-12
#5 / #105Half-year report (EDINET)2024-09-12
#6 / #106Annual report (EDINET)2025-04-25
#7 / #107Half-year report (EDINET)2025-09-12
#8 / #108Annual report (EDINET)2026-04-28
#9 / #109Half-year report (EDINET)2026-09-11

GENDA Stock FAQ

Where can I find the official investor relations documents of GENDA?

NadirAlpha links all 9 original filings used (EDINET filings) in the sources chapter: annual report, half-year report, quarterly report, each with type, publication date and a direct link; every figure in the report carries a source number.

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