Central Sports Co., Ltd. cancelled the acquisition of 10% stake in Fuji Sports & Fitness Co., Ltd. from Fuji Co., Ltd..
May 15, 2020
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Central Sports Co., Ltd. (TSE:4801) signed share transfer agreement to acquire 10% stake in Fuji Sports & Fitness Co., Ltd. from Fuji Co., Ltd. (TSE:8278) on May 16, 2019. Post completion, Central Sports Co., Ltd. and Fuji Co., Ltd. will hold 10% and 90% stake in Fuji Sports & Fitness Co., Ltd. respectively. Completion is expected on June 5, 2019.
Central Sports Co., Ltd. (TSE:4801) cancelled the acquisition of 10% stake in Fuji Sports & Fitness Co., Ltd. from Fuji Co., Ltd. (TSE:8278) on May 16, 2020.
CENTRAL SPORTS CO., LTD. is a Japan-based company mainly engaged in the sports club and related business. The Company operates membership-based gyms under the names Central Swim Club, Central Sports Club, Central Fitness Club and Central Wellness Club. The Company is also engaged in the operation of golf clubs through its subsidiaries in Colorado, the United States. The Company generates its revenue mainly from membership fees of gyms with machines, studios, pools and spa facilities, as well as sports schools for children and adults, such as swimming schools and gymnastics schools. The Company also sells various types of sports products through its specialty retail stores and vending machines in its clubs. Other activities include the travel business, such as the sale of travel products, and the facility leasing business.