Through its subsidiary World Investment Network Co., Ltd. (headquartered in Kobe City, Hyogo Prefecture), the Company acquired all shares of Asplund Co., Ltd. (headquartered in Minato-ku, Tokyo; hereinafter referred to as "Asplund") on December 27. , Tokio Marine Capital Co., Ltd. (headquarters: Chiyoda-ku, Tokyo) acquired from TMCAP2011 Investment Business Limited Liability Partnership, etc., and made it a consolidated subsidiary.

1.Reason for share acquisition

Asplund was established in 1991 with the main business of importing and wholesaling furniture and miscellaneous goods, as well as planning and selling OEM furniture and miscellaneous goods. After that, in 1995, as a directly managed business, we opened "TC/TIMELESS COMFORT", a lifestyle proposal store that combines furniture and interiors, mainly clothing, food and housing, in Jiyugaoka, Tokyo. We have 20 stores in Since 2001, we have opened 212 KITCHEN STORE, a store specializing in kitchen miscellaneous goods selected from all over the world. Currently, we have 81 stores mainly in fashion buildings and large shopping centers.

In addition, by leveraging its creative planning and buying capabilities cultivated through the import of furniture and miscellaneous goods from Europe and Southeast Asia, the company sells commercial furniture for hotels, cafes, restaurants, etc., and engages in the wholesale business of interior goods and miscellaneous goods. Our strength lies in our ability to propose lifestyles that make use of our unique worldview created from our identity of “Timeless Value.”

On the other hand, the World Group, under the umbrella of World Lifestyle Creation Co., Ltd. (hereinafter referred to as "WLC"), which bundles the miscellaneous goods business, is a lifestyle store that proposes a wide range of product categories from variety miscellaneous goods to interior goods, mainly in shopping centers. With ONE’S TERRACE Co., Ltd., which operates ONE’S TERRACE, and Fashion Cross Co., Ltd., which operates fashion store ITS’DEMO for women, mainly in locations around stations, in-station stores, and close to stations, all aspects of life are considered fashion. In response to the recent consumer needs, we have strengthened our lifestyle business centered on miscellaneous goods.

Asplund's furniture, interior, and kitchen miscellaneous business have a high affinity with WLC's business. By making full use of our business know-how and platforms that leverage our unique values ​​and insights, we aim to enhance our lifestyle business and achieve further business growth.

In addition, as a platform business of the World Group, collaboration with subsidiaries such as World Production Partners Co., Ltd., which performs OEM for the production business, and World Space Solutions Co., Ltd., which performs space design and fixture manufacturing, will accelerate the growth of new business areas. I also hope to do so.

2.Overview of Asplund

[Trade name] Asplund Co., Ltd. http://www.asplund.co.jp/
[Location] 5F, Mita 43MT Building, 3-13-16 Mita, Minato-ku, Tokyo
[Representative] Shinichi Nishikawa, President and Representative Director (as of December 27, 2017)
*Senior Executive Officer of World Group Co., Ltd. President of World Lifestyle Creation Co., Ltd. and President of One's Terrace Co., Ltd. *Current Representative Director Yoshiji Shimamoto will be appointed Chairman of the Board on the same date [Main Business Contents]

1) Planning, importing and selling commercial furniture
2) Planning, importing and selling of retail furniture and miscellaneous goods
3) Operation of directly managed retail stores (furniture, miscellaneous goods, etc.)
4) Import and sale of ingredients
5) Operation of restaurants (coffee shops) [Date of establishment] November 5, 1991 [Fiscal year end] October

 

<Reference: Store photo>

TC/TIMELESS COMFORT

http://www.timelesscomfort.com
Based on the concept of "TIMELESS COMFORT = timeless comfort", we propose high-quality rice styling that is half a step ahead of the trends from all over the world, based on trends that are not transient. interior shop.

*The photo is of the Jiyugaoka store (2-9-11 Jiyugaoka, Meguro-ku, Tokyo)

212 KITCHEN STORE

http://www.212kitchenstore.com
A kitchen/dining select shop with the theme of "food". With the catchphrase, "The best restaurant in the world. That's the dining table at home," this kitchen shop offers a wide variety of items that make everyday cooking and dining fun.

*The photo is of the Ginza store (Tokyu Plaza Ginza B1, 5-2-1 Ginza, Chuo-ku, Tokyo)