Expansion of the women's wig business through making NAO-ART株式会社 a subsidiary
First written in FY2020-Q1. 2 of 5 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2021.
- FY2021RestatedAnnual report
「In 2019, we made NAO-ART株式会社 a subsidiary to enter the relatively low-priced wig business and launched “LABOMO Hair Grow Minoxi 5” to enter the pharmaceutical sales business. In 2020, we established Art Medical to enter the medical support business, and in 2021 invested in シンクランド株式会社, which is advancing research and development on hollow microneedles, among other initiatives, as we continue to pursue businesses in new fields.」
The expansion of businesses in new fields, including NAO-ART株式会社, pharmaceutical sales and medical support, continues. - FY2020AdvancedAnnual report
「Sales of ready-made wigs for women amounted to ¥3,982 million, up 24.5% year on year. In addition to various measures to strengthen store sales capabilities in the Julia Auge business, including opening new stores, detailed store-by-store promotions and introducing the new “unit system” store operating structure to respond rapidly to issues at individual stores, the company made a company selling ready-made wigs for women a subsidiary.」
Measures including the acquisition of NAO-ART株式会社 as a subsidiary were consolidated for the full fiscal year, and sales of ready-made wigs for women increased 24.5% year on year. - FY2020-Q3AdvancedAnnual report
「Sales of ready-made wigs for women amounted to ¥2,758 million, up 23.5% year on year. In addition to various measures to strengthen store sales capabilities in the Julia Auge business, including opening new stores, detailed store-by-store promotions and introducing the new “unit system” store operating structure to respond rapidly to issues at individual stores, the company made a company selling ready-made wigs for women a subsidiary.」
Following the acquisition of NAO-ART株式会社 as a subsidiary, its results from October to December 2019 were consolidated, and sales of ready-made wigs for women increased 23.5% year on year. - FY2020-Q2AchievedAnnual report
「In addition, on 16 October 2019, the company acquired all of its shares. The voting rights acquisition ratio was 100%.」
Following the decision and execution of the agreement concerning NAO-ART株式会社, the company acquired all of its shares and made it a wholly owned subsidiary. - FY2020-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 30 July 2019, the company resolved to acquire the shares of NAO-ART株式会社 and make it a subsidiary, and entered into a share transfer agreement on the same date.」
The company decided to acquire NAO-ART株式会社, which sells women's wigs, medical wigs and other products, as a subsidiary through a share acquisition. The business combination was scheduled for 1 October 2019, the voting rights acquisition ratio was 100%, and the company stated that it intended to expand its business by acquiring a new product brand in the women's market.