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CERES INC. ( (JP:3696) ) has issued an update.
CERES INC. has announced the acquisition of M Corporation, a company specializing in cosmetic products, to strengthen its D2C business. This strategic move aims to enhance CERES INC.’s vertically integrated model by incorporating M Corporation’s differentiated beauty brand, ‘Stem beauté,’ which uses advanced stem cell technology. The acquisition is expected to bolster the company’s revenue base and foster sustainable growth through collaboration in product development and distribution, although it is not anticipated to significantly impact financial results for the fiscal year ending December 31, 2025.
More about CERES INC.
CERES INC. operates in the internet media industry, focusing on smartphone-optimized platforms. Their primary services include ‘Moppy,’ a major point-reward website in Japan, the affiliate advertising platform ‘AD.TRACK,’ and a Direct-to-Consumer (D2C) business. The company has a strong presence in the beauty and healthcare sectors, with products like ‘Pitsole’ insoles and the ‘PHOEBEE BEAUTY UP’ beauty brand.
Average Trading Volume: 679,404
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen29.36B
For a thorough assessment of 3696 stock, go to TipRanks’ Stock Analysis page.