Kirin Holdings completed its tender offer for the shares and stock acquisition rights of FANCL, making it a wholly owned subsidiary under the Financial Instruments and Exchange Act.WHO: Kenji Ikemori founded FANCL in 1982. For over 35 years, Fancl has been a pioneer in the field of preservative-free, safe, reliable cosmetics, skincare, and supplements. They have adhered to three unchanging values to maintain the quality and freshness of their products: small bottles, hermetically sealed containers, and freshness-dated boxes. The company is comprised of four brands (FANCL, Boscia, Attenir, Branchic).Japan Brewery Co., Ltd. (the forerunner of Kirin Brewery Co., Ltd.) was established in 1885. Today Kirin Holdings Co., Ltd. is Japan’s second-biggest beer maker. The company’s portfolio includes beer and spirits, non-alcoholic beverages, and a pharmaceutical business.WHY: Kirin Holdings and FANCL will create various synergies beyond the framework of the previous capital and business alliance. As a core operating company of the Kirin Group's health science business, FANCL will further enhance the "FANCL-ness" of its brand without changing its founding philosophy, which is the source of its strength. Kirin Holdings and FANCL will work closely together, also with Blackmores, to promote their businesses in order to grow into one of the largest health science companies in the Asia-Pacific region, thereby achieving growth for the Kirin Group as a whole and further enhancing corporate value.