Unbanked Co., Ltd. has announced the acquisition of Maru, a luxury brand resale company, to diversify its revenue and enter the growing Japanese luxury reuse market.

Information on the Target

Unbanked Co., Ltd. is primarily focused on the gold bullion and non-banking sectors. As part of its strategic initiatives to diversify revenue sources and enter growth markets, the company has decided to acquire まーる (Maru), a firm headquartered in Shibuya, Tokyo. The acquisition of Maru will enable Unbanked to step into the expanding market for luxury brand reuse, emphasizing particularly on high-end wristwatch resale.

Maru operates a brand intermediary business specializing in the purchase and resale of luxury brand items, particularly high-end watches, and runs stores under its "Buy Tiger" brand. For the fiscal year ending May 2025, Maru is projected to generate sales of ¥7.97 billion, an operating profit of ¥230 million, and net assets of ¥191 million.

Industry Overview in Japan

The luxury goods market in Japan has been experiencing robust growth, particularly in the resale segment, propelled by increasing consumer interest in sustainable and circular economies. The tr