WOLVES HAND Co. has acquired See, a veterinary clinic in Sapporo, to strengthen its market presence in Hokkaido.

Target Information

WOLVES HAND Co., Ltd., a prominent operator of animal hospitals, has announced the acquisition of See Co., a veterinary clinic based in Sapporo, Japan. This acquisition marks WOLVES HAND's strategic entry into Hokkaido, with See serving as its flagship location in the region. The financial profile for See includes projected revenues of ¥242 million, operating income of ¥42 million, and net assets totaling ¥235 million for the fiscal year ending November 2024.

Industry Overview in Japan

The veterinary services industry in Japan is well-established, characterized by a significant demand for pet healthcare due to the rising number of pet owners across the country. In recent years, the market has seen steady growth driven by increased spending on pet health and wellness, as pet owners seek specialized veterinary services and high-quality pet products.

Japan's aging population has also contributed to a notable trend of pet companionship, leading to a rise in the number of households owning pets. This demographic sh