Ryohin Keikaku Co., Ltd. (Bunkyo-ku, Tokyo / President and CEO: Satoshi Shimizu) and Mitsubishi Corporation (Chiyoda-ku, Tokyo / President and CEO: Katsuya Nakanishi, hereinafter "Mitsubishi Corporation") have entered into a strategic business alliance agreement with the aim of maximizing the utilization of their business foundations, human resources, expertise, and networks to achieve collaborative initiatives that create new consumer value in the domestic and international retail sectors.

Ryohin Keikaku and Mitsubishi Corporation have deepened their mutual understanding of each other's business domains and strengths through a trading relationship spanning over 25 years. Although their equity ownership relationship, established in 2001, has now been dissolved※, both companies have decided to formalize this agreement to continue and strengthen their collaboration, aiming to organically integrate their management resources for further development of existing joint businesses and the creation of new business opportunities.

This agreement specifically targets ongoing collaboration areas such as joint product development and sales with Lawson, Inc., a Mitsubishi Corporation affiliate, as well as support for product development to increase the overseas sales ratio in Ryohin Keikaku’s food business, further enhancement of logistics functions and services, and the creation of new business fields both domestically and internationally.

Regarding the impact of this agreement on Ryohin Keikaku’s financial performance, it is currently considered negligible. Should any material developments arise in the future, they will be promptly disclosed.

[Overview of the Business Alliance Partner]

Name: Mitsubishi Corporation

Established: 1950 (Founded in 1954)

Headquarters: 2-3-1 Marunouchi, Chiyoda-ku, Tokyo (Mitsubishi Corporation Building)

Representative: President and CEO Katsuya Nakanishi

Business Activities: Operates diversified businesses across a wide range of industries through seven core business groups: Energy & Power Solutions, Materials Solutions, Metal Resources, Social Infrastructure, Mobility, Food Industry, and S.L.C. (Smart-Life Creation).

※Overview of Mitsubishi Corporation’s Share Sale (Reference)

1. Number of shares and ownership ratio prior to sale: 21,566 thousand shares (approximately 3.9% of total issued shares)

2. Number of shares and ownership ratio after sale: 0 shares (0.0%)

FACT BOX

  • Source: PR TIMES
  • Category: Partnership