Takeo Kato

Flagship, Inc. is a wholly-owned subsidiary of es Holdings Co. Ltd., an independent firm formerly affiliated with the outsourcing group Intelligence, and a provider of outsourced business services. Flagship was established in 2007 and is located in Tokyo. The firm manages a venture capital investment fund for institutional clients and provides corporate management consulting services. They operate in close relationship with fellow subsidiaries specialized in payroll, accounting and tax-related services. Their venture capital investment fund, Flagship Fund was established in 2005 in cooperation with Usen Corp. Flagship also cooperates with venture capital specialist Daiwa SMBC Capital Co. Ltd. (formerly NIF SMBC Ventures) on start-up investments and the management of the fund.

Tatsumi Planning KK constructs and develops residential properties and office space. The company was founded in January 1991 and is headquartered in Yokohama, Japan.

JAPAN GALS Co., Ltd. produces and distributes cosmetics and related beauty supplies. It offers beauty devices, cosmetics,beauty facial masks, beauty sundries and a wide selection of beauty goods. The company was founded in November 1992 and is headquartered in Shikoku Chuo, Japan.

Shicata Co. manufactures and retails bags. It operates through the following brands: Monica, marie claire FORUM, OXYGEN, Y’saccs and La Bagagerie. The company was founded in December 1969 and is headquartered in Kyoto, Japan.

Part of RIZAP GROUP, Inc., Miu Cosmetics, Inc. is a Japanese company that manufactures and retails cosmetics online. The company is based in Tokyo, Japan. Miu Cosmetics was acquired by RIZAP GROUP, Inc. on December 27, 2011 for $0.95 million.

Part of RIZAP GROUP, Inc., Auntie Rosa Co., Ltd. retails women's and men's clothing and engages in online shopping business. The company is based in Tokyo, Japan. Auntie Rosa Co. was acquired by RIZAP GROUP, Inc. on May 23, 2014 for $1.48 million.