May 26, 2018 2:34 AM ET

Food and Staples Retailing

Company Overview of Odakyu Shoji Co., Ltd.

Company Overview

Odakyu Shoji Co., Ltd. owns and operates supermarkets in Japan. The company is based in Tokyo, Japan. Odakyu Shoji Co., Ltd. operates as a subsidiary of Odakyu Electric Railway Co. Ltd.

2 chome

Changjiro Setagaya ku

Tokyo,  

Japan

Key Executives for Odakyu Shoji Co., Ltd.

Odakyu Shoji Co., Ltd. does not have any Key Executives recorded.

Odakyu Shoji Co., Ltd. Key Developments

Seven & i Holdings Co., Ltd. Announces Agreement with Odakyu Electric Railway Co., Ltd. and Odakyu Shoji Co., Ltd. for Business Alliance in the Supermarket, Train Station Store, and Convenience Store Businesses

Seven & i Holdings Co., Ltd. ("the company") announced that it has concluded a basic agreement with Odakyu Electric Railway Co., Ltd. (hereinafter "Odakyu Electric Railway") and its subsidiary Odakyu Shoji Co., Ltd. ("hereinafter "Odakyu Shoji") regarding a business alliance in the supermarket, train station store, and convenience store businesses operated by Odakyu Shoji (hereinafter "the Business Alliance"). The companies will now undertake detailed discussions with a view to concluding a final agreement regarding the Business Alliance. In light of the situation, the Seven & i Group aims to establish a dominant market presence by expanding openings of 7-Eleven stores along the Odakyu Line and through concentrated business development. The Group also means to further develop its business through mutual sharing of business expertise aimed at strengthening the supermarket business. For, the Odakyu Group, in the supermarket business (Odakyu OX) operated by Odakyu Shoji, the group aims to acquire the Seven & i Group's operating expertise and establish a dominant position in the market by strengthening its business foundation and expanding its store network. At the same time, in the train station store and convenience store business the group will strengthen its retail business by converting its stores to 7-Eleven franchised stores. The two groups judged that mutual cooperation to achieve these goals would contribute to raising corporate value for both of them, resulting in today's conclusion of the basic agreement regarding the Business Alliance between the company, Odakyu Electric Railway, and Odakyu Shoji. Going forward, the two groups will continue discussions regarding the details of the alliance and proceed towards conclusion of the formal agreements by August 2018.

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