Business Expansion Using M&A
First written in FY2021. 4 of 13 entries say "Advanced", first in FY2022-Q2. Latest entry: 2026-09-14.
- FY2026-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 20 May 2026, the Company resolved to acquire all shares of RIN Beauty株式会社 and make it a wholly owned subsidiary, and entered into a share transfer agreement dated 21 May 2026. The Company subsequently acquired all shares on 29 May 2026.」
Under its policy of increasing capital alliances with external salons, the Company made RIN Beauty株式会社 a wholly owned subsidiary on 29 May 2026. The acquisition consideration was ¥350 million, and 5 directly operated stores were added. - FY2025AdvancedAnnual report
「In June 2025, the Company made est a wholly owned subsidiary. In August 2025, the Company made Arose a wholly owned subsidiary. In September 2025, the Company made SENSE a wholly owned subsidiary.」
The Company made est, Arose and SENSE wholly owned subsidiaries as part of its policy of increasing capital alliances with external salons. It expanded the scope of its strategy from one centered on acquiring franchise companies to include capital alliances with external salons. - FY2025-H1RaisedAnnual report
「Our group has developed more than 1,000 salons, including franchise stores. Building on the store-management expertise cultivated in this process, we intend to enhance corporate value by increasing capital alliances with external hair salons. This share transfer represents a foothold toward that objective. / All shares were acquired on 1 June 2025.」
The scope of the M&A policy was expanded from a focus on acquiring franchise companies to increasing capital alliances with external hair salons. As a first step, the company completed the acquisition of all shares of 株式会社est, paying ¥142 million and adding 13 directly operated stores and 6 franchise stores. - FY2023RestatedAnnual report
「Our group intends to use M&A effectively as one means of accelerating business expansion. In particular, as part of the group's customary practice, it may acquire franchise companies to strengthen governance across the Agu. group and expand the group's revenue and profit,」
The company continues its M&A policy of using acquisitions of franchise companies as a means of strengthening governance and expanding revenue. - FY2023-Q3RestatedAnnual report
「Revenue from beauty services increased in the directly operated salon business, mainly due to new store openings and an increase in directly operated stores following the consolidation of 株式会社BELLTREE and 株式会社KESHIKI as subsidiaries.」
The completed acquisitions of BELLTREE and KESHIKI continued to contribute to revenue growth in the directly operated salon business during the first 3 quarters of the current fiscal year. No new acquisition decision or completion was reported. - FY2022AdvancedAnnual report
「The business combination was carried out as local recognition grew and the business moved onto a stable footing, with the aim of increasing involvement in management. / Acquisition date: 31 May 2022 / Percentage of voting equity interests acquired: 100.0%」
In addition to completing the acquisitions of BELLTREE and KESHIKI, the company acquired 100% of J ISLAND Inc., in which it had previously held an equity-method interest. - FY2022-Q3AchievedAnnual report
「Business combination date: 31 August 2022 / Number of shares acquired, purchase price and ownership interest after acquisition: 株式会社BELLTREE, 30 shares, purchase price of ¥305 million, ownership interest after acquisition of 100% / 株式会社KESHIKI, 30 shares, purchase price of ¥300 million, ownership interest after acquisition of 100%」
The acquisition of all shares of BELLTREE and KESHIKI, for which basic agreements had been signed in the previous quarter, was completed on 31 August 2022. - FY2022-Q2AdvancedAnnual report
「At a board meeting held on 14 June 2022, the company resolved that its consolidated subsidiary B-first株式会社 would acquire all shares of 株式会社BELLTREE and 株式会社KESHIKI, franchisees of the group, making them subsidiaries and thereby making them the company's sub-subsidiaries, and entered into a basic agreement on the share acquisitions. Business combination date: scheduled for September 2022. Purchase price: ¥308 million for 株式会社BELLTREE and ¥303 million for 株式会社KESHIKI. Ownership interest after acquisition: 100%.」
The company signed basic agreements to acquire all shares of BELLTREE and KESHIKI, existing major franchisees. This was treated not as completion of the acquisitions, but as progress to the specific transaction and contracting stage, scheduled for September 2022. - FY2021First statedAnnual report
「Our group intends to use M&A effectively as one means of accelerating business expansion.」
In particular, the group envisages acquiring franchise companies to strengthen governance across the Agu. group and expand revenue and profit.