MWT Holdings Co., Ltd.

Based in Japan, MWT Holdings Co. , Ltd. focuses on innovative audio product development and manufacturing, specializing in high-quality wired and wireless earphones that cater to audiophiles and everyday users. MWT Holdings Co.

, Ltd. is engaged in the design and production of audio devices, primarily earphones. The company was founded in 2018 and is headquartered in Tokyo, Japan. In February 2025, MWT was fully acquired by Merry from J-STAR, enhancing its capabilities in wireless research and manufacturing.

Tokyo Sound Co. , Ltd. specializes in the development and manufacturing of audio products, with a primary focus on wired and wireless earphones. The company aims to deliver extraordinary audio experiences to its clientele, catering to audiophiles and everyday users alike who seek high-quality sound reproduction.

Its product lineup includes brands such as 'Acoustune,' 'ANIMA,' and 'MADOO,' which are designed to meet the diverse needs of music enthusiasts and professionals in various settings. These products are available in multiple geographical markets, including Japan and potentially broader international markets, enhancing accessibility for a wide range of consumers seeking premium audio solutions. Tokyo Sound Co. , Ltd.

generates revenue through direct sales of its audio products to both consumers and retailers. The company engages in B2B transactions with distributors and partnerships, facilitating the distribution of its flagship products, such as those under the 'Acoustune' brand. Transactions occur through direct purchases from authorized retailers or online platforms, providing consumers with various purchasing options for their preferred audio devices. The pricing structure for these products reflects their quality and technological advancements, targeting both budget-conscious buyers and premium markets.

The acquisition of MWT Holdings Co. , Ltd. by Merry aims to enhance wireless research, expand mass production, stabilize component procurement, and strengthen OEM and ODM manufacturing capabilities. The company plans to introduce new audio products in the upcoming fiscal year and to expand its presence in new international markets by 2026.