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A Tokyo-Based Manufacturer and Distributor of Beauty Equipment, Cosmetics, and Supplements Has Filed for Bankruptcy. While Its Peak Sales Exceeded 400 Million Yen, Sales Declined Due to the Impact of COVID-19. Despite Relocating Its Headquarters to Nagano, Sales Did Not Recover. Total Liabilities Amount to 112.68 Million Yen.
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According to Tokyo Shoko Research, a private credit research company, FLOW Yakuhin, a cosmetics and health food retailer based in Nagawa-machi, Nagano Prefecture, received a bankruptcy commencement order from the Ueda Branch of the Nagano District Court on October 14th. The company was established in April 2010 in Toshima-ku, Tokyo, and primarily engaged in the planning and sales of beauty devices, cosmetics, and supplements. In addition to hand…
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