Editor’s Note
This article outlines Yondoshi Holdings’ strategic acquisition of Rashin Co., a specialist in the luxury watch resale market. The move expands Yondoshi’s brand and retail portfolio into the growing pre-owned luxury segment.
Yondoshi Holdings Co., Ltd. (8008, hereinafter: Yondoshi HD) has decided to acquire shares of Rashin Co., Ltd. (Chuo-ku, Tokyo) and make it a subsidiary.
Yondoshi HD operates brand businesses centered on jewelry, planning, manufacturing, and wholesale businesses centered on apparel and bags, and retail businesses.
Rashin operates a reuse business specializing in luxury brand watches.
The Yondoshi HD Group, as a global fashion creation company centered on the “4℃” brand, aims for sustainable growth and long-term enhancement of corporate value by contributing to the improvement of customers’ lifestyle culture through the fashion business. Its main businesses include the planning, manufacturing, and sales of jewelry, chain operation of general clothing stores “Palette,” and apparel OEM/ODM leveraging planning capabilities and overseas production bases.
In its 7th Mid-Term Management Plan (for the fiscal years ending February 2025 to February 2027), the Yondoshi HD Group changed its business segment from jewelry business to brand business with the aim of expanding into new business areas.
Furthermore, in the simultaneously announced “2030 Vision,” the group set a goal to achieve significant profit growth by expanding the business domain of the brand business through future-oriented growth investments such as new product categories and overseas expansion.
The reuse industry surrounding Rashin, which Yondoshi HD is making a subsidiary, is expected to continue sustainable growth due to changes in consumer values towards realizing a sustainable society, including increased awareness of environmental issues.
Through this M&A, the Yondoshi HD Group aims to strengthen its management foundation.
By leveraging Rashin’s expertise and market positioning, it will be possible to develop a broader range of businesses.
Yondoshi HD judged that it can achieve expansion and added value enhancement in the brand business domain, significant profit growth for the Yondoshi HD Group, and the establishment of a stable and robust business portfolio.
Number of shares owned before the change: 0 shares (Number of voting rights: 0) (Voting rights ownership ratio: 0.0%)
Number of shares acquired: 341,700 shares (Number of voting rights: 341,700)
Acquisition price: Share acquisition price: 10,492 million yen
Advisory fees, etc. (estimated amount): 50 million yen
Total (estimated): 10,542 million yen
Number of shares owned after the change: 341,700 shares (Number of voting rights: 341,700) (Voting rights ownership ratio: 97.2%)
Board of Directors resolution date: October 11, 2024
Contract signing date: October 11, 2024
Share transfer execution date: December 2, 2024 (planned)