Wacoal Holdings Corp.
Notice Regarding Acquisition of Glamorise Foundations, Inc. through a Consolidated U.S. Subsidiary (Share Acquisition Accompanied by Change in Subsidiaries, etc.)
Acquisition of all shares of the U.S. women's innerwear company Glamorise Foundations, Inc. for approximately JPY 5.2 billion. Scheduled acquisition date: April 1, 2026.
Key Figures
- Acquisition Price: 33,000 thousand USD (approx. JPY 5.2 billion)
- Number of Shares Acquired: 5,261 shares (voting rights: 250 units)
- Earn-Out Consideration: Up to 11,000 thousand USD (approx. JPY 1.7 billion)
AI要約
Overview of M&A
Wacoal Holdings Corp. has entered into a share transfer agreement to acquire all shares of Glamorise Foundations, Inc., a company engaged in the planning, development, and e-commerce sales of women's innerwear, through its U.S. consolidated subsidiary Wacoal International Corp.’s subsidiary, Wacoal Direct Corp. The acquisition price is 33,000 thousand USD (approx. JPY 5.2 billion), with an expected acquisition date of April 1, 2026. Glamorise specializes in the plus-size segment, has a high proportion of D2C sales, and maintains a stable revenue base, which aligns with our overseas business strategy.
Future Outlook and Impact
The impact of this share acquisition on the consolidated financial results for the fiscal year ending March 2026 is expected to be minimal. The impact for the fiscal year ending March 2027 and beyond is currently under review and will be disclosed in the financial summary scheduled for publication in May 2026. Additionally, the acquisition price includes a performance-based contingent consideration (earn-out) of up to 11,000 thousand USD (approx. JPY 1.7 billion), with risk mitigation measures in place.
