JINS Holdings Completes Acquisition of Suyen Corp's Philippine Franchise Operations

TOKYO, Jul 31 (Pulse News Wire) – JINS Holdings Inc. (3046.T) completed the acquisition of Suyen Corporation’s franchise operations in the Philippines through its subsidiary, JINS Philippines Inc.

The deal was finalized on July 31, 2026, with the total consideration amounting to ¥115.76 million Philippine pesos (approximately $2.2 million). Under the agreement, JINS Philippines Inc. acquired eight optical retail stores operating under the JINS brand in the Philippines. The transaction marks a strategic move towards direct management of these outlets to accelerate local expansion. Suyen Corporation, based in Pasay City, had operated these franchises since 2018 under a franchise agreement with JINS Holdings.

Key details of the acquisition include: - Total consideration: ¥115.76 million Philippine pesos (about $2.2 million) - Completion date: July 31, 2026 - Number of stores acquired: Eight Additionally, JINS Holdings simultaneously transferred a portion of its shares in JINS Philippines Inc. to Suyen Corporation as part of the deal. JINS Philippines Inc., established on August 29, 2025, operates in the manufacturing and sales of eyewear and lenses in the Philippines. The capital structure of JINS Philippines Inc. includes a 95% stake held by JINS Holdings and a 5% stake held by Suyen Corporation post-acquisition.

The company expects the impact on its consolidated performance to be minor.