Worth reading
72In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
2999898000
¥Wording
Conditional
How definitive the wording is.Agreements reached under this partnership
Capital and Business Alliance7516KOHNAN SHOJI CO.,LTD.
Alliance partnerVALOR HOLDINGS CO.,LTD.
Details of the alliance
- 1
Mutual supply of PB (private-label) products
- 2
Collaboration in deepening market penetration, primarily in the Kansai and Kanto regions
- 3
Joint research and sharing of know-how concerning the following matters
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
Capital and personnel relationships
This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).
2.07%Our ownership stake in the partner’s shares
Number of shares acquired719,400 common shares of the Company (ownership interest as a percentage of total shares issued: 2.07%)
Acquisition price¥2,999,898,000
Dispatch of directors and officersNo arrangements concerning the mutual dispatch of directors and officers or the outsourcing of operations have been finalized as of today.
Shareholding PolicyThe proposed allottee intends to hold the Company’s shares acquired through this disposal of treasury shares over the medium to long term. The Company plans to obtain an undertaking regarding the reporting and public disclosure of any transfer made within 2 years from the payment date.
Change in major shareholdersNot disclosed → VALOR HOLDINGS CO.,LTD. 2.41% (included in the list of major shareholders after the disposal)
About the partner
Business DescriptionManagement of the business activities of companies engaged in chain-store operations and related businesses through the ownership of shares in those companies
LocationEna, Gifu Prefecture
Share capital¥13,609 million
Net Sales¥924,114 million (fiscal year ending March 2026, consolidated operating revenue)
Operating profit¥27,580 million (fiscal year ending March 2026, consolidated operating profit)
Impact on Business Performance
The impact of this capital and business alliance on the Company’s earnings forecast for the fiscal year ending February 2027 is expected to be immaterial.
Date of board resolution30 June 2026Contract Date30 June 2026Share Acquisition Date and Payment DateShare acquisition date: 10 July 2026 (planned); payment date for the disposal of treasury shares: 16 July 2026
| Item | Details |
|---|---|
| Name of alliance partner | VALOR HOLDINGS CO.,LTD. |
| Alliance partner's business activities | Management of the business activities of companies engaged in chain-store operations and related businesses through the ownership of shares in those companies |
| Alliance partner's location | Ena, Gifu Prefecture |
| Alliance partner's capital | ¥13,609 million |
| Alliance partner's net sales | ¥924,114 million (fiscal year ending March 2026, consolidated operating revenue) |
| Alliance partner's operating income | ¥27,580 million (fiscal year ending March 2026, consolidated operating profit) |
| Type of alliance | Capital and Business Alliance |
| Details of the alliance | Mutual supply of PB (private-label) products, Collaboration in deepening market penetration, primarily in the Kansai and Kanto regions, Joint research and sharing of know-how concerning the following matters |
| Number of shares acquired | 719,400 common shares of the Company (ownership interest as a percentage of total shares issued: 2.07%) |
| Acquisition price | ¥2,999,898,000 |
| Shareholding ratio | 0% (not applicable before the capital alliance) → 2.07％（2.07％） |
| Dispatch of directors and officers | No arrangements concerning the mutual dispatch of directors and officers or the outsourcing of operations have been finalized as of today. |
| Shareholding Policy | The proposed allottee intends to hold the Company’s shares acquired through this disposal of treasury shares over the medium to long term. The Company plans to obtain an undertaking regarding the reporting and public disclosure of any transfer made within 2 years from the payment date. |
| Date of board resolution | 30 June 2026 |
| Contract Date | 30 June 2026 |
| Share Acquisition Date and Payment Date | Share acquisition date: 10 July 2026 (planned); payment date for the disposal of treasury shares: 16 July 2026 |
| Impact on Business Performance | The impact of this capital and business alliance on the Company’s earnings forecast for the fiscal year ending February 2027 is expected to be immaterial. |
| Change in major shareholders | Not disclosed → VALOR HOLDINGS CO.,LTD. 2.41% (included in the list of major shareholders after the disposal) |
Items this document does not state (5)
Overview of the joint ventureOwnership ratioContract PeriodNumerical targets under the allianceAlliance start date
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 pursue a new growth strategy that transcends the boundaries of business formats and maximize the corporate value of コーナン商事, VALOR HOLDINGS CO.,LTD. and アレンザホールディングス. In addition, the companies determined that a capital alliance involving mutual shareholdings was necessary to strengthen their relationship over the medium to long term.
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