Japan’s Kirin Aims to Buy All of Fancl by End of This Year (2)

Kirin Holdings Co. is looking to buy all of Fancl Corp. by the end of this year, as the Japanese brewer looks to grow through more acquisitions.

The company aims to more than double its revenue from the health science division to 20% of total in about 10 years, its President and Chief Operating Officer Takeshi Minakata said in an interview. He was speaking after Kirin gained majority control of the skincare and supplement brand.

Growing the company’s current businesses, including Fancl, will be the “first priority” to boost revenue, he said, adding that there will be limitations to how ...