Onward Holdings is set to acquire Cosme de Beaute to enhance its presence in the wellness sector, capitalizing on synergies from the cosmetics market.
Target Company Information
Onward Holdings Co., Ltd. (Ticker: 8016), a leading apparel firm, has announced its decision to acquire the cosmetics planning and development company, Cosme de Beaute, located in Shibuya, Tokyo. This acquisition aims to leverage synergies with Cosme de Beaute's portfolio, particularly in gel nail products, enhancing Onward's presence in the wellness sector. For the fiscal year ending November 2024, Cosme de Beaute reported revenues of JPY 1.76 billion, an operating profit of JPY 453 million, and total net assets amounting to JPY 1.52 billion.
The total acquisition price is approximately JPY 3.6 billion, with the deal expected to close by March 2026. Onward Holdings will gain 100% ownership of Cosme de Beaute through this transaction.
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Industry Overview in Japan
The Japanese cosmetics industry has been experiencing a significant transformation, driven by changing consumer preferences and the growing demand for wellness-focused products. With consu
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Disclosed details
Transaction Size: $36M
Revenue: $2M
EBITDA: $0M
EBIT: $0M
Net Income: $0M
Enterprise Value: $15M
Equity Value: $15M
Multiples
EV/EBITDA: 32.3x
EV/EBIT: 32.3x
EV/Revenue: 8.3x
P/E: 96.9x
P/Revenue: 8.3x