Acquisition of 9 stores through the transfer of 西友’s Hokkaido GMS business
First written in FY2024. 2 of 5 entries say "Advanced", first in FY2025. Latest entry: FY2026.
0 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「This was due in part to the Company assuming 9 stores from Seiyu on 1 October 2024.」
Reconfirmed that the assumption of 9 stores from Seiyu contributed to full-year results as a factor behind increased market share in the Sapporo area and record-high sales. - FY2026-H1AdvancedAnnual report
「Under our store strategy, we revitalized 2 of the stores changed from Seiyu to us in October 2024, and both are generating sales in line with plan.」
Regarding the utilization of the 9 stores assumed from Seiyu, the Company advanced the revitalization of 2 stores and demonstrated that sales were progressing in line with the plan. - FY2025AdvancedAnnual report
「At the 9 general merchandise stores assumed from Seiyu on 1 October 2024, we steadily and effectively converted equipment and product assortments within the limited timeframe while prioritizing the resumption of operations. 2 stores were fully renovated and reopened.」
For the 9 stores assumed from Seiyu, operations were resumed and renovations and reopening were completed by December, including full renovations at 2 stores. - FY2025-H1AchievedAnnual report
「At a meeting of the Board of Directors held on 2 April 2024, the Company resolved to assume Seiyu Co., Ltd.'s general merchandise store business in Hokkaido through an absorption-type company split and entered into an absorption-type company split agreement with Seiyu Co., Ltd. on the same date. The business was transferred to the Company on 1 October 2024. We intend to enhance corporate value further by acquiring 9 general merchandise stores in prime locations in Sapporo, securing talented personnel and store assets, renovating each store into the optimal format using our multi-format capabilities to maximize store value, and pursuing synergies including economies of scale.」
The Company assumed 9 stores from Seiyu's general merchandise store business in Hokkaido on 1 October 2024. The acquisition consideration was ¥17 billion in cash, with plans to renovate the stores and use multi-format capabilities and synergies. - FY2024First statedAnnual report
「We intend to enhance corporate value further by acquiring 9 general merchandise stores in prime locations in Sapporo, securing talented personnel and store assets, renovating each store into the optimal format using our multi-format capabilities to maximize store value, and pursuing synergies including economies of scale.」
On 2 April 2024, the Company entered into an absorption-type company split agreement with Seiyu and scheduled the transfer of its general merchandise store business in Hokkaido for 1 October 2024. The consideration was scheduled to be ¥17 billion in cash, with plans to renovate the 9 stores individually and use multi-format capabilities and synergies.