Entry into the pre-owned luxury watch business through the acquisition of 株式会社羅針 as a subsidiary
First written in FY2025-H1. 4 of 9 entries say "Advanced", first in FY2026-H1. Latest entry: FY2027-H1.
No other company in this theme has enough history to compare yet.
- FY2027-H1AdvancedAnnual report
「At 株式会社羅針, which operates a reuse retail business for luxury branded watches, sales and operating profit both increased substantially as a result of continued efforts to expand its product range.」
For 株式会社羅針’s luxury branded watch reuse business, sales and operating profit increased substantially as a result of expanding the product range. - FY2026AchievedAnnual report
「As a result, consolidated net sales for the fiscal year were ¥69,962 million, up 52.4% year on year, partly because 株式会社羅針, which had been consolidated since the fourth quarter of the previous fiscal year, contributed for the full year.」
株式会社羅針, which had been scheduled to become a subsidiary in December 2024, was consolidated from the fourth quarter of the previous fiscal year and made a full-year contribution in FY2026. Entry into the luxury branded watch reuse business was reflected in consolidated results. - FY2026-H1AdvancedAnnual report
「At 株式会社羅針, which operates a reuse retail business for luxury branded watches, sales increased as a result of expanding its product lineup by leveraging its strong financial base, the opening of its Shinjuku store and steady growth at existing stores.」
For the luxury branded watch reuse business entered through the acquisition of 株式会社羅針 as a subsidiary, the company describes sales growth driven by the expanded product lineup, the opening of the Shinjuku store and growth at existing stores. - FY2025-H1First statedAnnual report
「At a meeting of the Board of Directors held on 11 October 2024, the company resolved to acquire the shares of 株式会社羅針 (hereinafter, “Rashin”) and make it a subsidiary, and entered into a share transfer agreement dated 11 October 2024. By adding Rashin to the group, the company will create new value beyond its existing business domains and establish a structure capable of meeting more diverse needs. The company decided to acquire the shares with the aim of expanding the scope of its brand business and increasing its added value, achieving significant profit growth for the group, and establishing a stable and robust business portfolio.」
The company has disclosed for the first time its plan to acquire 341,700 shares of 株式会社羅針, which sells and purchases luxury branded watches, on 2 December 2024 and make it a subsidiary with a 97.2% ownership interest. The acquisition price is ¥10,492 million, to be financed with internal funds and bank borrowings.