MC and KDDI agreed on the deal related to Lawson delisting after public tender offer, and KDDI is planning to conduct a public tender offer for shares of Lawson. After the deal is completed, MC and KDDI will own 50% of Lawson shares each, and the companies will commit to enhance corporate value of Lawson as business partners.
1.Vision
In the convenience store business of Lawson, MC and KDDI aim to realize the "Hub of refreshment in every community" which integrates "Real, Digital, and Green" to create new consumer values.
Through this partnership, MC, KDDI and Lawson aim to provide sustainable services addressing various societal challenges including "Green" (reduction of environmental footprints) by combining the functionalities and services of KDDI and Lawson with one of the
2.Considerations in this Partnership
(1) Real
Lawson and KDDI will merge their real touchpoints (Lawson stores: approximately 14,600, au Style/au shop stores: approximately 2,200) to establish large real-store networks in
Example
- Handling Lawson Products/Services(PB, Loppi, Lawson Bank ATM etc.) in au Style/au Shop.
- Handling KDDI products/services in Lawson stores (telecommunication-related products, Bank/Insurance services, Healthcare services, Entertainment services, Mobility services, etc.).
- Providing services supporting everyday lives of Lawson customers by installing online remote customer service.
(2) Digital
KDDI's customer attribute data and location data, along with Lawson's customer purchase data, will be integrated leading to establishment of one of the largest customer data platforms in
Example
- Developing services for KDDI and Lawson customers to provide good shopping deals, expanding customer visits to Lawson stores.
- Optimizing Lawson's store operations through the provision of KDDI's digital transformation insights and technology.
(3) Green
We aim to realize green and sustainable consumer society by contributing to Lawson's Environmental Vision "Lawson Blue Challenge 2050!"(Note), as making the most of our business foundations.
Example
- Reducing CO2 emissions by installation of solar panels at Lawson Stores.
- Circular economy businesses, such as manufacturing biodiesel from oil waste disposed at Lawson Stores.
- Reducing plastic use by replacing plastic containers and PET bottle materials with biomass materials at Lawson stores.
(Note) "Lawson Blue Challenge 2050!" was formulated in 2019 as the Lawson's environmental vision that focuses on three areas: (i) reduction of C02 emissions, (ii) reduction of food waste, and (iii) reduction of plastic use (e.g. containers and shopping bags)
3. Background about this Partnership
(1) Overview of business environment
We anticipate the increasing significance of convenience stores as essential regional infrastructure based on the projection of accelerated population decline and aging demographics. Meanwhile, utilization of "digital technology" will be essential to supplement labor shortages due to declining working populations and regional disparities. Furthermore, with increase of societal demands for "green", we anticipate that there will be more significant shifts in consumer consciousness for "green," and changes in external environment.
Moreover, in the retail sector in recent years, companies are expanding businesses areas, developing cross-industry operations and services, constructing their respective economic zone. In such an environment, we believe it is crucial to provide convenience and profitability suited to customer preferences to continue being chosen by customers.
(2) Purpose of the Partnership
The convenience store industry has become an indispensable part of society as a stable supplier of food and daily necessities. After diversification of customer lifestyles, consumption behaviors, and values, triggered by COVID 19, Lawson has been addressing these changes by enhancing products and services such as in-store kitchens, frozen foods, and delivery services to adapt to the "new normal."
Meanwhile, Lawson aims to strengthen collaboration with KDDI, which has a customer base built on telecommunications-related businesses and various digital services to respond to the accelerating changes in the business environment. This led to the signing of the partnership agreement.
KDDI is expanding into a wide range of business areas including mobile telecommunications as core business, as well as banking, insurance, education, travel, and delivery services. Additionally, KDDI operates one of
Lawson has a broad range of customer touchpoints with approximately 14,600 convenience stores in
By developing real-digital hybrid services as leveraging each other's customer bases and services, we aim to expand our store networks, enhance service offerings at Lawson stores such as telecommunication, finance, healthcare, and education, and expand economic zones of loyalty point program. Additionally, we work towards achieving Lawson's long-term goal of realizing a decarbonized society by environmental reduction measures.
4. Overview of the public tender offer
KDDI is planning to conduct a public tender offer for shares of Lawson. If the offer is completed, we plan to conduct series of procedures to make MC and KDDI the only major shareholders of Lawson. After the deal, MC and KDDI will hold 50% of voting rights in Lawson. If the procedures are conducted, it is expected to result in Lawson being delisted from the stock exchange.
We consider that this transaction will allow us to deal with environmental changes more flexibly and accelerate the strengthening of our partnership as outlined above by making the most of MC and KDDI's business foundations, human resources, expertise, and networks, leading to enhancement of Lawson's corporate value.
About
Head office address: 2-3-1 Marunouchi, Chiyoda-ku, Tokyo,Japan
Business: MC is a global integrated business enterprise that develops and operates businesses together with its global network of around 1,700 group companies. MC has 10 Business Groups that operate across virtually every industry(
About KDDI CORPORATION
Head Office address:
Business: Telecommunications business
About
Head Office address: 11-2, Osaki 1-chome, Shinagawa-ku,
Business: Franchise chain development of "LAWSON"
Inquiry Recipient:
KDDI CORPORATION : +81-3-6678-0690
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