今日のボヤキ3/5
今日のボヤキは、M&Aの未来とはどんなものでしょうか？
日本は中小企業が多いですが、出来のいいところは大きくなる前にどこかの会社の一部となってしまうケースが多いようです。
ただ、途中での吸収は会社の成長を促進するのものなのでしょうか？
https://maonline.jp/articles/fitness_industry_ma_2022
スポーツクラブ、スイミングスクールなど「フィットネス」関連のM＆Aがじわり増えている。昨年は年間4件と過去10年で最多を記録し、今年も2カ月足らずで早2件を数える。コロナ禍による利用者の減少などで経営基盤が揺らいでいることが背景にある。
「東進ハイスクール」のナガセ、スイミングスクール買収は2度目
フィットネス関連では2月に入り、M＆Aが連続した。買収に乗り出したのは受験塾「東進ハイスクール」「四谷大塚」などで知られるナガセと、米国生まれの24時間ジム「エニタイムフィットネス」を国内展開するFast Fitness Japan（FFJ）だ。ナガセはブリヂストン傘下で九州を中心にスイミングスクール19校をはじめ、テニススクールやジュニアサッカースクールを運営するブリヂストンスポーツアリーナ（福岡県久留米市）の全株式を取得し、3月末に子会社化すると発表した。
ナガセは塾・予備校のトップ企業の一つだが、実は第2の柱とするのがスイミングスクール部門。2008年に子会社化したイトマンスイミングスクール（東京都新宿区）が首都圏や関西で53校（うち直営35校）を運営する。ブリヂストンスポーツアリーナとは立地上の重複もない。
イトマンスイミングスクールといえば、数々の有力スイマーを輩出した日本水泳界の名門。昨年の東京五輪で女子200メートル、400メートル個人メドレーで金メダルに輝いた大橋悠依選手もその一人だ。
FFJは、「エニタイムフィットネス」のフランチャイズ加盟企業であるドゥワーク（東京都港区）から33店舗を9月に取得することを決めた。ドゥワークは郊外型を中心に35店舗を持つが、その大半を手放す。FFJは日本での本部機能を担い、直営店の出店とフランチャイズ方式による多店舗展開を両輪とし、総店舗数は975。直営店舗事業の強化が狙い。
フィットネス業界はコロナ禍で事業環境が一変した。入会者の減少、会員の退会・休会の増加、利用自粛のトリプルパンチで会費収入などが大きく落ち込み、赤字転落が続出した。こうした中、生き残りをかけて合従連衡の動きも勢いづいている。
コロナにより、自宅で自粛する人が増えた一方、家でできるトレーニングは注目を集めているようだが、トレーニングジムは客同士の距離が必然的に近くなってしまうため、利用者減は仕方のないことなのかもしれない。
この記事で一番驚いたのは、「東進」の親会社の幅の広さ。
予備校以外にも、スイミングスクールなど事業が多くあるようです。
M&Aで大きな会社しか残らないような仕組みになっていくのでしょうか？
English edition
Today's blurbs
Today's blurbs are: What does the future of M&A look like?
There are many small and medium-sized companies in Japan, and it seems that many of the best ones become part of some other company before they grow up.
However, does absorbing a company in the middle of the process promote the growth of the company?
https://maonline.jp/articles/fitness_industry_ma_2022
The number of mergers and acquisitions related to "fitness" such as sports clubs and swimming schools is slowly increasing. Last year saw the highest number of mergers and acquisitions in the past 10 years, with four per year, and this year's number is already two in less than two months. The reason for this is that the business foundation is being shaken by the decline in the number of users due to the Corona disaster.
Tojin High School's Nagase acquires swimming school for the second time
The fitness industry saw a series of mergers and acquisitions in February. The acquisitions were made by Nagase, known for its cram schools for entrance exams such as Toshin High School and Yotsuya Otsuka, and Fast Fitness Japan (FFJ), which operates the American-born 24-hour gym Anytime Fitness in Japan.
Nagase has announced that it will acquire all the shares of Bridgestone Sports Arena (Kurume City, Fukuoka Prefecture), a Bridgestone-affiliated company that operates 19 swimming schools, tennis schools, and junior soccer schools mainly in Kyushu, and make it a subsidiary at the end of March.
Nagase is one of the top cram schools and prep schools in Japan, but its second pillar of business is actually the swimming school sector, where Itoman Swimming School (Shinjuku-ku, Tokyo), which became a subsidiary in 2008, operates 53 schools (35 of them directly managed) in the Tokyo metropolitan area and Kansai region. There is no overlap in location with the Bridgestone Sports Arena.
The Itoman Swimming School is a prestigious name in the Japanese swimming world that has produced a number of leading swimmers. One such swimmer is Yui Ohashi, who won gold medals in the women's 200m and 400m individual medley at last year's Tokyo Olympics.
In September, FFJ decided to acquire 33 fitness clubs from Do Work (Minato-ku, Tokyo), a franchisee of Anytime Fitness. Dewark has 35 stores, mostly in the suburbs, but will sell most of them to FFJ, which is responsible for the headquarters function in Japan and has a total of 975 stores, both directly operated and franchised.
In the fitness industry, the Corona disaster has completely changed the business environment. The triple punch of a decline in the number of members, an increase in the number of members withdrawing or suspending their membership, and refraining from using the fitness center caused a major drop in membership fee income and other revenue, and a number of fitness centers fell into the red. Under these circumstances, the trend of mergers and acquisitions is gaining momentum in order to survive.
While more and more people are refraining from working out at home due to Corona, training at home seems to be attracting attention, but since training gyms are inevitably close to each other, the decline in users may be inevitable.
What surprised me the most in this article was the breadth of the parent company of "Toshin".
It seems that they have many businesses other than prep schools, such as swimming schools.
Is it going to be a system where only the big companies will remain through mergers and acquisitions?
