TOKYO -- Japanese beauty-products maker Fancl will bolster production of its nutritional supplements, aiming for a bigger piece of the fast-growing business.
The Yokohama-based company will invest around 1.5 billion yen ($14.3 million) for additional production equipment at its factory in Chiba Prefecture, to boost output capacity by 60%.
Fancl aims to reach sales of 46 billion yen, roughly 1.6 times the current figure, for its supplements segment in fiscal 2017.
Its pill products, such as those said to be helpful for dieting, will be the main focus for expansion. The supplements are popular among buyers in their 20s to 30s.
The products are sold in Japan as well as Singapore and China.