AXXZIA : Notice Regarding Completion of Acquisition of Shares in Huit Laboratories, Inc. and Executive Appointments
April 01, 2022 at 02:55 pm IST
Share
April 1, 2022
To whom it may concern:
Company name:
AXXZIA Inc.
Representative:
Dan Taku, president and
representative director
Securities code: 4963, TSE
Mothers
Contact person:
Yasuhito Fukui, director
Telephone: +81-3-6911-3899
Notice Regarding Completion of Acquisition of Shares in Huit Laboratories, Inc. and
Executive Appointments
AXXZIA Inc. (the "Company") announces that it has completed the acquisition of shares in Huit Laboratories, Inc., making it a wholly owned subsidiary, on April 1, 2022; the Company announced its intention to acquire these shares in its "Notice Regarding Acquisition of Shares in Huit Laboratories, Inc." issued on March 4, 2022. Details of the acquisition, and of executive appointments, are outlined below.
1. Outline of the acquired subsidiary, as of March 31, 2022
(1)
Name:
Huit Laboratories, Inc.
(2)
Location:
725-1 Shibusawa, Nagasaka-cho, Hokuto City, Yamanashi
(3)Name and title of representative:
Hiroyuki Suzuki, president and representative director
(4)
Business:
Manufacture and sale of cosmetics and quasi-pharmaceutical products, subcontracted manufacturing, etc.
(5)
Capital:
100mn yen
(6)
Established:
July 1, 2016
(7)Major shareholders and their ownership ratios:
Senshukai Co., Ltd. (100%)
2. New management structure at Huit Laboratories, Inc., as of April 1, 2022
Position
Name
Position at AXXZIA Inc.
President and representative director
Dan Taku
President and Representative Director
Director
Masahiro Yoshida
Director and General Manager of Production Department
Director
Ippei Mizota
Head of Corporate Strategy Planning Office
Auditor
Yasuhito Fukui
Director and Manager of Management Department
*All officers in the new management structure have been newly appointed, and are part-time officers.
3. Future outlook
The Company projects that this acquisition (and resulting goodwill) will have negligible impact on its future business performance.
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Disclaimer
Axxzia Inc. published this content on 01 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2022 09:22:10 UTC.
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.