Expansion of the One-Price General Merchandise Business Through Making Can Do a Consolidated Subsidiary
First written in FY2022-Q2. 6 of 9 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「Can Do Co., Ltd. posted substantial increases in revenue to ¥87,057 million, up 104.4% year on year, and operating profit to ¥1,532 million, up 180.3% year on year. In addition to expanding sales channels through collaboration with the AEON Group, the company worked to differentiate its products and brands.」
Following the consolidation of Can Do as a subsidiary, collaboration progressed toward expanding sales channels, differentiating products and brands, and operating profit of ¥1,532 million, up 180.3% year on year. - FY2026-H1AdvancedAnnual report
「As a result of opening 69 new stores and closing 37 stores, the number of stores at the end of the interim consolidated accounting period reached 1,372.」
Following the consolidation of Can Do as a subsidiary, collaboration progressed toward a 1,372-store network through 69 store openings and 37 store closures, as well as the transformation to New Can★Do. - FY2024-Q3AdvancedAnnual report
「Can Do Co., Ltd. set out to maximize synergies from collaboration with our group by pursuing the expansion of sales channels, differentiation of products and brands, and enhancement of corporate value. … The number of stores at the end of the third quarter of the fiscal year reached 1,272.」
Following the consolidation of Can Do as a subsidiary, collaboration progressed toward expanding the store network to 1,272 stores, differentiating products and brands, and opening new-format stores in Marunouchi and Otemachi. - FY2024-Q2AdvancedAnnual report
「In expanding sales channels, accelerating store openings, primarily through our group, resulted in the number of stores at the end of the second quarter of the fiscal year reaching 1,260.」
Following the consolidation of Can Do as a subsidiary, collaboration progressed through accelerated store openings centered on the group, bringing the store count to 1,260. - FY2024-Q1AdvancedAnnual report
「In expanding sales channels, accelerating store openings, primarily through our group, resulted in the number of stores at the end of the first quarter of the fiscal year increasing by 12 to 1,257.」
Following the consolidation of Can Do as a subsidiary, collaboration progressed toward a 1,257-store network through the addition of 12 stores and the expansion of sales channels. - FY2023-Q3AdvancedAnnual report
「Can Do Co., Ltd. became our subsidiary on 5 January 2022. … As a result of accelerating store openings, primarily at directly operated and commissioned stores, the number of stores during the cumulative third quarter of the fiscal year increased by 72 to 1,252.」
Following the consolidation of Can Do as a subsidiary, collaboration progressed toward a 1,252-store network through the addition of 72 stores, as well as coordination in sales channels, products and WAON, among other areas. - FY2022AchievedAnnual report
「The company's voting-rights ratio in Cando became 51.18%, and Cando and K Corporation became consolidated subsidiaries of the company.」
Regarding Can Do, consolidation as a subsidiary with a 51.18% voting rights ratio was completed on 5 January 2022 following a tender offer and other transactions. - FY2022-Q3AchievedAnnual report
「On 5 January 2022, Cando and K Corporation became consolidated subsidiaries of the company following the acquisition of all issued shares of K Corporation, Cando's major shareholder.」
For Cando, consolidation as a subsidiary was completed after the first tender offer, the second tender offer and the acquisition of shares in K Corporation, with an ownership voting-rights ratio of 51.16% after the acquisition. - FY2022-Q2First statedAnnual report
「On 14 October 2021, the company decided to acquire common shares of Cando Co., Ltd. through a tender offer under the Financial Instruments and Exchange Act and a series of transactions planned thereafter, with the aim of making Cando a consolidated subsidiary. The transaction was intended to bring the company's direct or indirect ownership ratio of Cando shares to 51% or more, make Cando a consolidated subsidiary, and provide shareholders with an opportunity to sell their Cando shares.」
The company first outlined plans to make Cando a consolidated subsidiary through a tender offer and other measures, and to leverage its potential for new stores in the uniform-price variety-goods format, combinations with existing formats, and expertise in product development, design and social-media marketing. The planned number of shares to be purchased in the tender offer was 5,936,100, the planned purchase price was ¥2,700 per share, and the target ownership ratio for making Cando a consolidated subsidiary was 51% or more.