TOKYO, May 22 (Pulse News Wire) – Cross Plus Inc. (3320.T) announced today that its board of directors decided, to acquire shares in apparel maker Charuz Co., Ltd., making it a subsidiary.
Charuz was established in 1996 and specializes in the planning, manufacturing, and sales of licensed brands such as ScoLar. The acquisition aims to enhance Cross Plus's brand assets, customer engagement in direct-to-consumer channels, and IP content creation capabilities. Additionally, integrating Charuz’s creative expertise and e-commerce operations with Cross Plus’s extensive distribution network is expected to boost online sales, expand distribution routes, and optimize supply chain costs, thereby enhancing profitability. Key details of the transaction include: - Acquisition price determined through external due diligence and negotiations; undisclosed due to confidentiality agreements.
- Shareholding ratio post-acquisition: 100%. - Capital increase: ¥80 million. - Expected impact on fiscal 2027 performance is currently deemed minor but will be disclosed promptly if significant changes occur. Cross Plus seeks to leverage this investment to drive higher value-added apparel operations, strengthen revenue structures, and achieve sustainable growth and increased enterprise value.
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