TSI Holdings is acquiring Waterfront, a Tokyo-based umbrella manufacturer, to expand its brand portfolio and increase market presence.

Target Information

TSI Holdings, a major apparel company, has announced its intention to acquire Waterfront, a Tokyo-based manufacturer of umbrellas, as part of its strategy to expand its brand portfolio and enter new market sectors. Waterfront specializes in stylish and functional umbrellas, including its flagship brand, 'Waterfront', and has reported sales of 3 billion yen, an operating profit of 241 million yen, and net assets of 1.56 billion yen for the fiscal year ending December 2024.

The acquisition will be finalized with the purchase of all shares from a fund managed by the Japan Industrial Partners, the specific purchase price for this acquisition remains undisclosed. The anticipated completion date for this transaction is December 1, 2025.

Industry Overview

The umbrella manufacturing industry in Japan is characterized by a strong emphasis on design and functionality, catering to a diverse customer base that values both aesthetic appeal and pr