TRENDERS Inc. has acquired Shiru-Shi, an e-commerce operations provider, to expand its marketing capabilities into consumer goods and apparel sectors.
Target Information
TRENDERS Inc. (Ticker: 6069), a company specializing in social media marketing, has announced the acquisition of Shiru-Shi, a firm based in Shibuya, Tokyo, that offers e-commerce mall operation services. This strategic move allows TRENDERS to expand its marketing support capabilities by integrating social media with e-commerce malls, broadening its focus beyond the beauty sector to include consumer goods and apparel. Previously, TRENDERS commenced a collaboration with Shiru-Shi in April aimed at enhancing beauty-related marketing, and now aims to solidify this partnership through the acquisition.
Shiru-Shi reported revenue of ¥909 million, operating profit of ¥323 million, and net assets of ¥160 million for the fiscal year ending February 2025. The parent company of Shiru-Shi manages two subsidiaries: “EC no Shiru-Shi,” which handles e-commerce mall operations, and “EC no Soudan Shitsu,” a web media management entity, both located in Shibuya, Tokyo.
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Industry Overview
Japan's e-commerce industry has seen considerable growth, driven by an increase in online shopping habits among consumers, especially post-COVID-19. With mobile commerce on the rise and a tech-savvy population,
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Disclosed details
Transaction Size: $32M
Revenue: $8M
EBITDA: $3M
EBIT: $2M
Net Income: $0M
Enterprise Value: $8M
Equity Value: $8M
Multiples
EV/EBITDA: 2.8x
EV/EBIT: 4.1x
EV/Revenue: 1.0x
P/E: 56.5x
P/Revenue: 1.0x