Beauty Clinics Land $700 Million Fortune for Japanese Founder

One of the most valuable Japanese companies to debut in the US recently is a chain of clinics offering plastic surgery, laser spot removal and liposuction. Thanks to that deal, its 54-year-old founder Yoshiyuki Aikawa — who started out two decades ago printing and delivering brochures by hand — is now worth around $700 million.

SBC Medical Group Holdings Inc., the country’s largest operator of beauty clinics, is riding growing interest in low-cost cosmetic surgery in an age where social media posts increasingly promote the procedures’ benefits and safety. The company went public in a SPAC deal that valued ...