Aeon Co (TYO:8267) and five group firms have signed a basic agreement to begin talks on integrating their supermarket businesses in the Tokyo metropolitan and Kinki regions, according to a Monday filing on the Tokyo Stock Exchange.
U.S.M.H. will combine MV Kanto, AEON MARKET and Daiei's Kanto operations, targeting over 1 trillion yen in sales. Daiei will merge with KOHYO to build a 300 billion yen business in the Kinki region.
The final agreement is expected in December, with integration set for March 2026. AEON owns 52.9% of U.S.M.H. and fully owns the other firms.
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