Dynam Japan to acquire pachinko hall operator Yume Corp

Pachinko hall operator Dynam Japan has entered into an agreement to acquire Yume Corp, a real estate company, which operates nearly 40 pachinko halls in Japan.

The acquisition will involve acquiring 100 percent of the entire issued share capital of Yume, which is the holding company of two real estate companies, Japan Real Estate and Pattes Co., Ltd. The number of shares to be purchased is 38,805,336 at a closing price of HK$9.95 per share, or HK$386.1 million.

For the year ended March 31, 2015, Yume reported revenue of HK$4.92 billion, down from HK$4.98 in the same period the year before.

Yume operates 39 pachinko halls in Japan and is one of the largest pachinko hall operators among about 3,700 in Japan. It ranks in the top 20 in terms of number of pachinko halls and ranks in the top 50 in terms of gross pay-ins.

Dynam said the acquisition is “based upon the same conclusion that their values will further improve if they expand the market share and maximize the use of their resources through, among others, sharing the infrastructure such as hall operation, playing machine management and information system.”

“[Yume] operates pachinko halls with the aim of establishing pachinko halls loved by the local community. They strongly believe that with more chain stores, they can reach out to more customers and provide them with more satisfactory service.”

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