TANAAKK Acquires 100% Share of Lecien Corporation from Wacoal Holdings Corp.
Tokyo, Japan – 26th Feb 2025 – TANAAKK K.K. (“TANAAKK”), a leading innovator in digital transformation platform, “GAAS™(Growth-as-a-Service™)”, announced today that it has acquired 100% of the shares of Lecien Corporation (“Lecien”) from Wacoal Holdings Corp. (TYO Code No. 3591).
This acquisition marks a strategic expansion of TANAAKK’s business portfolio and enhances its capabilities in the consumer discretionary and lifestyle sectors. Lecien, a company with a rich history in textile manufacturing and intimate apparel, has been a wholly owned subsidiary of Wacoal Holdings Corp. Prior to this transaction, Lecien had built a strong reputation for quality and innovation in the lingerie, enbroidary and lace textile industries. Under TANAAKK’s ownership, Lecien will undergo a transformation aimed at leveraging digital technologies to modernize its business model and expand its market presence.
“We are thrilled to welcome Lecien into the TANAAKK family,” said Shoichiro Tanaka, CEO of TANAAKK “This acquisition aligns with our “GAAS” mission to drive digital value chain innovation. Lecien’s traditional procurement power in textiles and intimate apparel, combined with our expertise in AI-driven SaaS products models, creates a powerful synergy that will unlock new growth opportunities.”
By integrating Lecien’s established brand and product lines with TANAAKK’s proprietary digital frameworks, the company aims to enhance Lecien’s operational efficiency, expand its digital sales channels, and introduce new subscription-based and data-driven offerings.
The acquisition will be finalized on April 1st 2025, and both parties have agreed to a seamless transition to ensure business continuity. Lecien will continue to operate under its existing brand while undergoing digital transformation initiatives spearheaded by TANAAKK.
For further inquiries, please contact:
Dr. Taro Shimizu, JD
VP, Corporate Strategy
TANAAKK K.K.
1F 2-3-2 Marunouchi Chiyoda Tokyo 1000005 Japan
info@tanaakk.com
+81 3 5533 8771
About TANAAKK K.K.
TANAAKK K.K. is a Tokyo-based firm specializing in the development and licensing of its digital transformation platform, GAAS™ (Growth-as-a-Service™). The company partners with leading enterprises to launch AI-driven SaaS products, leveraging its proprietary frameworks and infrastructure to drive competitive capital performance, including earnings growth and operating leverage.
About Lecien Corporation
Lecien Corporation is a long-standing manufacturer of intimate apparel and textiles, founded in Kyoto 1933. With a heritage of quality craftsmanship and innovative designs, Lecien has established a strong presence in the Japanese and international markets.
Basic information
| (1) | Trade Name: | Lecien Corporation |
| (2) | Location: | 29 Nakajima-cho, Kisshoin, Minami-ku, Kyoto |
| (3) | Name and Title of Representative: | Representative Director, President and CEO, Tsuneo Matsui |
| (4) | Business Description: | Manufacture and sale of innerwear”LECIEN”, handicraft supplies”COSMO”, and lace materials |
| (5) | Capital Amount: | 90 million yen |
| (6) | Date of Incorporation: | April 1, 2015 (Founded in February 1933; predecessor, Nomura Shoten Co., Ltd., established in August 1946) |
Financials
| Operating Results and Financial Condition for Past Three Fiscal Years | |||
| Fiscal Year Ending | Fiscal Year Ending March 2022 | Fiscal Year Ending March 2023 | Fiscal Year Ending March 2024 |
| Net Assets | 2,872 million yen(2,787 million yen) | 2,796 million yen (2,904 million yen) | 2,837 million yen (2,747) million yen |
| Gross Assets or Total Assets | 3,823 million yen (3,782 million yen) | 3,858 million yen (3,913 million yen) | 3,660 million yen (3,733) million yen |
| Net Asset per Share | 2,871,563 yen | 2,795,544 yen | 2,837,429 yen |
| Net Sales or Revenue | 4,883 million yen (5,116 million yen) | 4,873 million yen (5,324 million yen) | 4,058 million yen (4,542) million yen |
| Operating Income | (142) million yen ((593) million yen) | (60) million yen (111 million yen) | (223) million yen ((167) million yen) |
| Ordinary Income or (Loss) Profit Before Income Taxes and Equity in Net Profit of Affiliated Companies | (36) million yen ((556) million yen) | (17) million yen (111 million yen) | (122) million yen ((118) million yen) |
| Net Income or (Loss) Profit | (182) million yen ((524) million yen) | (78) million yen (127 million yen) | 14 million yen ((166) million yen) |
| Net Income per Share | (181,949) yen | (78,339) yen | 13,708 yen |
| Dividend per share | － | － | － |