What was the purpose of T&S Co., Ltd. acquiring Ad Co., Ltd. as a subsidiary?

The purpose was to leverage Ad's high bag development capabilities and production expertise, combining the strengths of both companies to enhance product development related to 'mobility'.

Will Ad Co., Ltd. continue to exist after being acquired as a subsidiary?

Yes, Ad Co., Ltd. will continue to operate as an independent legal entity.

What kind of business collaboration do the two companies plan to undertake in the future?

They plan to collaborate on joint development in the bag and accessory sector, coordinate OEM business, and combine sample development and small-lot production in Japan with mass production in China for product expansion.

What is the future of the 'FULLCLIP' brand?

The plan is to further develop new products and expand distribution channels while leveraging the strengths of both companies.

When was the acquisition completed?

The acquisition was completed on May 29, 2026, with the acquisition of all shares.

T&S Co., Ltd. Acquires AD Co., Ltd. as a Wholly Owned Subsidiary

Published May 30, 2026 1:56 AM ・ Updated Jun 14, 2026 4:40 PM ・ 3 min read ・ Source: PR TIMES

T&S Co., Ltd. has acquired AD Co., Ltd., which operates the 'FULLCLIP' brand, as a wholly owned subsidiary. By integrating their technical expertise and production systems, the companies aim to accelerate the development of 'mobility' related products.

T&S Co., Ltd. Acquires AD Co., Ltd. as a Wholly Owned Subsidiary

T&S Co., Ltd. (HQ: Koshigaya, Saitama; Representative Director: Maki Hitoshi) announced the acquisition of 100% of the shares of AD Co., Ltd. (Misato, Saitama), the operator of the bag brand 'FULLCLIP,' effective May 29, 2026, making it a wholly owned subsidiary.

AD Co., Ltd. will continue to operate as an independent entity. Through this acquisition, both companies will leverage their respective expertise and branding to strengthen product development related to 'mobility' as equal partners.

Moving forward, the companies aim to expand their product offerings by collaborating on joint developments and OEM projects in the bag and accessories sector, while combining small-lot sample production in Japan with mass production in China. Efforts will also be made to advance product development and channel expansion for the 'FULLCLIP' brand.

### About T&S Co., Ltd. Founded in 2002, T&S is a comprehensive travel goods manufacturer featuring the suitcase brand 'LEGEND WALKER,' as well as 'LW' and 'PETiCO.'

### About AD Co., Ltd. Founded in 1984, AD operates the fishing and outdoor bag brand 'FULLCLIP,' known for its proprietary 'JETGLIDE' mechanism.

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Source: PR TIMES
Category: Partnership
Products / services: FULLCLIP / LEGEND WALKER

T&S Co., Ltd. Acquires AD Co., Ltd. as a Wholly Owned Subsidiary

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T&S Co., Ltd. Acquires AD Co., Ltd. as a Wholly Owned Subsidiary

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