Komehyo to acquire iShopShops, expanding global reach in reuse market

Komehyo Holdings announced today that it will acquire 100% of iShopShops, Inc., a U.S.-based cross-border live commerce app operator, making it a wholly-owned subsidiary. The acquisition, approved by Komehyo's board of directors, is set to be executed via a reverse triangular merger, with the basic agreement signed on November 25, 2025, and the acquisition scheduled for December 16, 2025. This move aligns with Komehyo’s mid-term management plan, "Beyond the 80th year milestone," targeting JPY 260 billion in sales and JPY 13 billion in operating profit by March 2028.

iShopShops operates the "ShopShops" live commerce app, boasting approximately 1.4 million registered users globally, primarily in the U.S. In the fiscal year ended December 2024, iShopShops reported $32,251 thousand in sales, $-3,750 thousand in operating profit, and $-3,691 thousand in ordinary profit. The acquisition aims to diversify Komehyo’s revenue streams through increased commission income from the platform business and expand its sales channels in global markets.

Komehyo will acquire all 9,238,665 common shares and 26,485,102 preferred shares of iShopShops. The consideration for the acquisition of iShopShops' common shares is not disclosed, but advisory and other related expenses are estimated at JPY 220 million. Komehyo plans to consolidate iShopShops into its financial results starting from the third quarter of the fiscal year ending March 2026.