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Business alliance6036KeePer Technical Laboratory Co.,Ltd.Information and Communications, Services and Others

Notice Regarding the Renewal of the Strategic Business Partnership Agreement between KeePer技研 and Idemitsu Kosan

KeePer Technical Laboratory and Idemitsu Kosan have renewed their strategic business partnership agreement concerning the opening of KeePer LABO locations. They will continue expanding the network by using Idemitsu Kosan's service stations and former service station sites.

Worth reading
49Recurring
Scored from 4 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
150
Stores (through 2030)
Wording
Conditional
How definitive the wording is.

Agreements reached under this partnership

Business alliance
6036KeePer Technical Laboratory Co.,Ltd.
Alliance partnerIdemitsu Kosan Co.,Ltd.
Details of the alliance
  1. 1

    Continue opening KeePer LABO locations alongside service stations and by using former service station sites

  2. 2

    In the future, the companies will also work to develop Mobility Base, a new mobility hub that will provide a range of services tailored to customer needs in addition to car coating and car-washing services, as an evolution of KeePer LABO.

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Numerical targets under the alliance

The number of stores is expected to increase to 20 by March 2027. The companies aim to expand the network to 150 stores by 2030.

About the partner
Business DescriptionFuel oil business, basic chemicals business, high-performance materials business, power and renewable energy business, and resources business
LocationChiyoda-ku, Tokyo
Contract DateAugust 2024 (date of renewal agreement: Not disclosed)Alliance start dateAugust 2024 (start of original partnership)
Agreements reached under this partnership
ItemDetails
Name of alliance partnerIdemitsu Kosan Co.,Ltd.
Alliance partner's business activitiesFuel oil business, basic chemicals business, high-performance materials business, power and renewable energy business, and resources business
Alliance partner's locationChiyoda-ku, Tokyo
Type of allianceBusiness alliance
Details of the allianceContinue opening KeePer LABO locations alongside service stations and by using former service station sites, In the future, the companies will also work to develop Mobility Base, a new mobility hub that will provide a range of services tailored to customer needs in addition to car coating and car-washing services, as an evolution of KeePer LABO.
Numerical targets under the allianceThe number of stores is expected to increase to 20 by March 2027. The companies aim to expand the network to 150 stores by 2030.
Contract DateAugust 2024 (date of renewal agreement: Not disclosed)
Alliance start dateAugust 2024 (start of original partnership)
Items this document does not state (15)
Alliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodShareholding PolicyDate of board resolutionShare Acquisition Date and Payment DateImpact on Business PerformanceChange in major shareholders

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To advance the opening of KeePer LABO locations by combining KeePer Technical Laboratory's store-management expertise with Idemitsu Kosan's service station network.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Renewal of the Strategic Business Partnership Agreement between KeePer技研 and Idemitsu Kosan | KeePer Technical Laboratory Co.,Ltd. (6036) timely disclosure | Komori