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Business

Universal Studios Japan operator looking to relist on TSE

OSAKA -- The operator of Universal Studios Japan is looking to relist on the Tokyo Stock Exchange in fiscal 2015, which starts next April.

     The move is aimed at raising funds for large investments as the Osaka-based company, USJ, expects a sharp rise in visitor numbers after the opening on July 15 of a new attraction based on the popular "Harry Potter" series of books and movies.

     "There are both positives and negatives about relisting, but we are considering," a USJ executive said.

     The company opened the movie-themed park in the city of Osaka as a public-private operation in 2001 and listed its shares on the TSE's Mothers market for venture companies in 2007. However, a steep fall in the number of visitors dealt a serious blow to the company's performance.

     In 2009, Goldman Sachs Group and others launched a takeover bid, acquiring USJ's shares and delisting the company.

     USJ restructured itself under Goldman Sachs and has been on an upward trajectory recently, with the number of visitors hitting 10.5 million in fiscal 2013, close to the 11 million recorded in fiscal 2001 when it opened.

(Nikkei)

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