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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.