Japan Sōhatsu Group has acquired Suzuki Matsufu-do, a historic packaging manufacturer, to diversify its offerings and enhance value in response to growing creative requirements in the packaging industry.

Information on the Target

The target of this acquisition is Suzuki Matsufu-do, a long-established manufacturer of cosmetic boxes and confectionery containers located in Kyoto, Japan. Founded in 1893, Suzuki Matsufu-do has built a solid reputation over its 130-year history, specializing in creating original packaging solutions for both Japanese and Western confections. As of the fiscal year ending September 2024, the company reported substantial financial metrics, including revenues of 1.55 billion yen, an operating profit of 18 million yen, and net assets amounting to 180 million yen.

With a deep understanding of packaging demands and a commitment to high-quality materials, Suzuki Matsufu-do is well-positioned in the market. The acquisition provides Japan Sōhatsu Group with an opportunity to broaden its portfolio within the packaging sector, as well as increase its capabilities to meet the diverse creative needs of its clientele.

Industry Overview in Japan

The packaging industry in Japan is experiencing robust growth, driven by rising consumer demand for innovative and aesthetically pleasing packaging solutions. This trend reflects consumers’ increasing expectations aro

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日本創発グループ

invested in

鈴木松風堂

in 2025

in a Buyout deal

Disclosed details

Transaction Size: $120M

Revenue: $14M

EBITDA: $1M

EBIT: $0M

Net Income: $0M

Enterprise Value: $96M

Equity Value: $10M


Multiples

EV/EBITDA: 117.6x

EV/EBIT: 602.9x

EV/Revenue: 6.8x

P/E: 82.4x

P/Revenue: 0.7x

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