D Capital, Inc. ("D Capital") is pleased to announce its share transfer of Francfranc Corporation. ("Francfranc") to AIN HOLDINGS INC.(”AIN HD”) through a limited partnership funded by funds operated or serviced by Japan Growth Investment Alliance, Inc. ("J-GIA").

Francfranc was founded in 1990 and proposes lifestyles through design and sale of interior goods and furniture. Its brand has a high recognition rate of around 95% among women in their 20s to 40s. Following the founder's retirement and the subsequent business succession, JGIA invested in Francfranc in August 2021, and D Capital made a co-investment in November of the same year. Since then, D Capital has been supporting Francfranc's digital transformation initiatives, collaborating with JGIA to enhance e-commerce channels and establish a data infrastructure.

AIN HD is primarily focusing on pharmacy and retail businesses. In particular, its retail division aims to provide a unique total beauty shop, "Ainz & Tulpe," where customers can enjoy selecting from a constantly refreshed assortment of cosmetics and beauty items that meet their needs.

"Ainz & Tulpe" and Francfranc share similarities in their target areas, key customer demographics, and values, while excelling in different product categories, creating a complementary relationship. By positioning Francfranc as the main brand within AIN HD's retail business, we are confident that the strengths of both companies will create business synergies and enhance corporate value further.

Contact for inquiries regarding this matter:
D Capital, Inc.
info@dcapital.jp