AXXZIA Inc. completed the acquisition of Huit Laboratories, Inc. from Senshukai Co., Ltd..
April 31, 2022
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AXXZIA Inc. (TSE:4936) conclude a share transfer agreement to acquire Huit Laboratories, Inc. from Senshukai Co., Ltd. (TSE:8165) for approximately ¥860 million on March 4, 2022. As part of the transaction, AXXZIA will acquire 10,000 shares in Huit Laboratories. AXXZIA has reached the decision to allocate the capital investment fund it established for the construction of new plant to the acquisition of shares in Huit Laboratories. For the year ended December 31, 2022, Huit Laboratories reported Net assets of ¥727 million, Total assets of ¥858 million, Net sales of ¥717 million, Operating income of ¥11 million. The agreement to acquire Huit Laboratories is resolved by the board of AXXZIA and expected to complete on April 1, 2022. AXXZIA projects that the transaction (and resulting goodwill) will have negligible impact on its future business performance.
AXXZIA Inc. (TSE:4936) completed the acquisition of Huit Laboratories, Inc. from Senshukai Co., Ltd. (TSE:8165) on April 1, 2022.
Axxzia Inc is a Japan-based company mainly engaged in the development of the cosmetics business. The Cosmetics business is engaged in the manufacture and sale of cosmetics and dietary supplements. The Company is engaged in the direct sale of products to beauty salon operators and wholesale to beauty salon operators through wholesalers. In addition, the Company is also engaged in the direct sale of products to general consumers and wholesale to Internet mail-order businesses through electronic commerce (EC) sites operated by domestic and overseas Internet mail-order businesses. The Company is also engaged in the direct sale to department store operators, cosmetics retail store operators, domestic tax exemption store operators and mass retailer operators.
AXXZIA INC. 
