Termination of the Capital and Business Alliance with Mitsubishi Corporation
First written in FY2021-Q2. 1 of 2 entries say "Achieved", first in FY2021-Q3. Latest entry: FY2021-Q3.
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- FY2021-Q3AchievedAnnual report
「Following discussions between the two companies, we determined that the capital and business alliance had achieved a certain level of results in light of its objectives and terminated the alliance.」
Regarding the capital and business alliance with Mitsubishi Corporation, termination was completed after determining that a certain level of results had been achieved. The stated termination date of the business alliance is 31 March 2021. - FY2021-Q2First statedAnnual report
「On 13 October 2011, the Company entered into a capital and business alliance agreement with Mitsubishi Corporation (hereinafter, "Mitsubishi Corporation"). The two companies jointly worked to advance product development and procurement, mainly for private-label and national private-label products, enhance the supply chain through logistics efficiency improvements, develop and operate stores, and formulate and implement growth strategies, including the development of new store formats, thereby promoting proactive business expansion. Following discussions between the two companies, we determined that the alliance had achieved a certain level of results in light of its objectives and decided to terminate the capital and business alliance. ③ Date of termination of the business alliance: 31 March 2021」
Regarding the capital and business alliance with Mitsubishi Corporation, the company determined that a certain level of results had been achieved in product development and procurement, supply chain enhancement, store development and operations, and new store format development, and stated that the business alliance would be terminated on 31 March 2021.