Feature: The Option of Selling a Company There are various reasons why top executives choose to sell their companies, including business succession, growth strategies, fundraising, IPOs, poor performance, lack of successors, and employees' life plans. However, from the perspective of modern economic common sense, it is rather inevitable that M&A will become the standard for restaurant management, and it also means that the top executive must abandon a certain ego. The editorial department is convinced that this will definitely benefit the restaurant industry. From this perspective, this issue's feature articles include a solo interview with Tomoyoshi Nishiyama, the founder of REINS International Co., Ltd., who has experienced several M&As, explanations and opinions on sales case studies by funds and M&A intermediaries, a report on the M&A strategy of CREATE Restaurants Holdings Inc., and finally, the inside story of the bankruptcy of a rapidly growing new restaurant company. Direct Interview The Decisions of Executives Who Chose to Sell Their Companies President Hiroyasu Kato, Bloom Dining Service President Wataru Shimotono, Spice Works Holdings President Chihiro Ebato, Iroha Nihoheto Kenichi Inamoto, Founder of ZETTON The Ability of Funds as a Management Brain Special Interview Chairman Tomoyoshi Nishiyama, Dining Innovation Fund × Top Management 5 Questions J-STAR × Section Eight Ant Capital Partners × Sprout Investment Japan Industrial Solutions Co., Ltd. × SORA GROUP CREATE Restaurants HD Adopting Different Cultures and Denying the Past: M&A Strategy Ask the M&A Professionals 1 When to Decide on an Exit: 8 Sales Cases Ask the M&A Professionals 2 What Exit Strategies Mean for Top Executives Senior Deal Manager Kyosuke Eto, Japan M&A Center President Hiromichi Miyake, Wit President Toya Ota, Spiral Consulting and more