Searcher Yutaro Miwa, backed by Search Fund Japan, acquired K Group

Investment company Search Fund Japan, one of the 2 main “accelerators of SFs” in Japan, supported Yutaro Miwa in the acquisition of K Group, which operates hair salons in Kanagawa Prefecture. This is the 3^rd investment realized with its second fund launched in March 2023 and is also a co-investment by the Tokyo Search Fund, established at the end of 2023.

Yutaro Miwa began his career at Mitsui & Co., a global trading and investment company, where he was involved in the export of steel products. He then worked at Revamp and subsequently joined GU of the Fast Retailing Group as an assistant to the president, where he led overall corporate planning and profit improvement projects. He joined Search Fund Japan at the end of 2023, and in less than 8 months, he succeeded in acquiring K Group.

K Group operates under the brand “hair make ONE” and has expanded its business from its first Totsuka store to seven locations, including one each in Chigasaki, Higashi-Totsuka, Yokohama, and Tsujido, and two in Ofuna. The group also has a subsidiary, Color Work, which runs a coloring specialty store in Kameari. The objective is to grow the company and transform it into a leader in the beauty industry.