RAKSUL strengthens packaging portfolio with acquisition of Marutama and Marutama Wel

JAPAN – Japanese packaging solutions provider RAKSUL has announced its intention to acquire 100% ownership of Marutama and its affiliated company Marutama Wel, following a share purchase agreement with current shareholders Yoshitaka Yamashita and Sayaka Yamashita.

The acquisition, approved during RAKSUL’s investment committee meeting, is aimed at bolstering the company’s position in the packaging sector—specifically the paper shopping bag market.

This move aligns with RAKSUL’s Medium-Term Financial Policy unveiled in March 2024, which emphasizes growth through strategic mergers and acquisitions.

Marutama, headquartered in Gifu City, Japan, specializes in the design, production, import, and sale of original paper shopping bags.

These offerings complement RAKSUL’s existing operations, especially its core cardboard packaging segment within its procurement platform.

By integrating Marutama’s manufacturing expertise and customer base, RAKSUL expects to unlock synergies that will expand its market reach and enhance customer value.

The acquisition is also notable for its inclusion of Marutama Wel, an organization that supports employment for individuals with disabilities.

RAKSUL plans to leverage Marutama Wel’s structured manufacturing systems and inclusive employment model, further reinforcing its commitment to social value alongside business growth.

RAKSUL believes this acquisition will give the company a competitive edge in the increasingly sustainability-driven packaging market.

Paper-based solutions, such as those offered by Marutama, continue to gain popularity as eco-conscious alternatives to plastic.

While the official share transfer is scheduled for 1 August 2025, RAKSUL has confirmed that the acquisition will not affect its consolidated financial results for the fiscal year ending 31 July 2025.

For the fiscal year ending 30 June 2024, Marutama and Marutama Wel reported a combined revenue of ¥983 million (US$6.8m) and a net income of ¥55 million (US$0.38m).

Their total assets stood at ¥958 million (US$6.64m), with common equity of ¥803 million (US$5.57m), indicating a stable financial foundation that supports growth potential within the RAKSUL group.

By absorbing Marutama’s operational strengths and aligning with its paper-focused product offering, RAKSUL is poised to expand its footprint in Japan’s packaging market—one that increasingly values customization, sustainability, and local manufacturing excellence.

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