#Japan #healthcare #Tokyo #Convano #Axcellmark

Convano Expands Its Healthcare Business with Axcellmark Acquisition

In a significant move towards the advancement of its healthcare sector, Convano, a Tokyo-based company led by president Ken Motokazu, has announced the acquisition of Axcellmark, a firm listed on the Tokyo Stock Exchange. The decision was taken during a recent board meeting, confirming the execution of a third-party allocation capital increase, which will render Axcellmark a consolidated subsidiary of Convano. With this acquisition, Convano will own 68.9% of the voting rights in Axcellmark, following a commitment to a term loan facility worth ¥30 billion, aimed at catalyzing further growth within the healthcare domain.

Strategic Growth in Healthcare

The acquisition aligns perfectly with Convano's growth strategy, particularly in extending services to medical institutions and the advancement of M&A activities within the healthcare sector. The company has been diversifying its portfolio, positioning healthcare as an essential field for sustainable growth from its foundational nail business. By leveraging Axcellmark’s expansion in the beauty and wellness arena, Convano plans to create synergies that can facilitate broader business opportunities not possible when operating individually.

Key Highlights of the Acquisition

• - Consolidation of Axcellmark as Subsidiary: The acquisition reinforces Convano's position in the healthcare market.
• - Capital Injection: Convano will invest ¥900 million through the third-party allotment.
• - Majority Voting Rights: Following the acquisition, Convano is set to possess 68.9% of the voting rights, enabling greater influence in Axcellmark’s operations.
• - Financing Agreement: A commitment-type term loan agreement of ¥30 billion has been established.
• - Accelerated M&A Activities: The consolidation aims to enhance M&A and business investments in the healthcare space, utilizing a network of over 500 medical institutions.

The Push for Synergy

Through this acquisition, Convano aims to prioritize Axcellmark’s healthcare business as a central pillar of growth, focusing on multiple key initiatives:

• - Strengthening Services for Medical Institutions: Utilizing its expansive network of over 500 medical institutions, Convano plans to enhance service offerings for hospitals and clinics.
• - Advancing M&A in Healthcare: With the experience gained from previous M&A transactions, Convano will leverage its funding capabilities to drive acquisitions in the healthcare sector.
• - Medical DX and AI Solutions: The introduction of digital transformation solutions and AI products developed by Convano will be integrated with Axcellmark’s customer base and brand assets, leading to innovative service offerings.
• - Entry into Medical Loan Business: Through Axcellmark, Convano is poised to launch a medical loan business to broaden its revenue base.

Alignment with Strategic Growth Plans

In alignment with its third medium-term management plan released in May 2026, Convano recognizes the healthcare business as a key driver of growth. The acquisition is deemed a crucial strategy accelerating the expansion of its business base and the diversification of revenue sources. Notably, the expected effects of this acquisition have yet to be incorporated into the numerical targets of the mid-term management plan, potentially serving as a factor that could positively impact future performance based on the initiatives undertaken.

Future Prospects

Looking ahead, Convano aims to integrate its healthcare, consulting, DX/AI, and investment sectors, striving to evolve into a business creation platform. By collaborating with Axcellmark, Convano will foster the enhancement of business opportunities and the elevation of corporate value in the healthcare sector.

About Convano

Established with the philosophy of "creating new value and expanding opportunities," Convano operates the FASTNAIL brand, a nail service chain, across Japan. Harnessing knowledge in digital marketing and AI system development, the company actively engages in the beauty and lifestyle sectors while planning meaningful advancements into WEB3 infrastructure, aspiring to assert itself as a next-generation platform provider originating from Japan.

Business Overview: Management of the nail service chain FASTNAIL, franchise management, product development and sales, new business system development, and media operation (femedia).

Corporate Website: https://convano.com/