Japan Enterprise has announced the acquisition of SME, a second-hand trading company, aiming to expand its reuse services to individual customers.

Information on the Target

Japan Enterprise, listed under the ticker symbol 4829, specializes in developing applications for smartphones and comprehensive systems for corporate clients. As part of its adjunct business operations, the company also offers a service that involves purchasing and selling used devices tailored for corporate clients.

In a strategic move, Japan Enterprise has acquired SME, a business engaged in second-hand trading, based in Takayama, Gifu Prefecture. This acquisition enables Japan Enterprise to broaden its reuse services to include individual customers, while SME operates as a franchisee under the brand "Brand Lab"—offering gold and luxury brand goods to its clientele.

Industry Overview in Japan

The second-hand goods industry in Japan has seen significant growth in recent years, driven by an increasing consumer focus on sustainability and cost-efficiency. This segment caters t