Lawson, Inc.

2651

JP3982100004

Food Retail & Distribution

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-26 am EDT			5-day change	1st Jan Change
10,330 ^JPY	0.00%		-0.14%	+41.84%

Apr. 25	KDDI Corporation completed the acquisition of additional 47.88% stake in Lawson, Inc. from its shareholders for ¥400 billion.	CI
Apr. 11	Lawson's Attributable Profit Up 75.5% in Fiscal 2024 On Higher Sales	MT

KDDI Plans to Start Multi-Billion Dollar Tender Offer for Lawson

February 06, 2024 at 01:46 am EST

By Kosaku Narioka

KDDI plans to start a multi-billion-dollar tender offer for Lawson to run the convenience-store operator jointly with its current parent Mitsubishi Corp.

The Japanese telecom company said Tuesday that it would start the tender offer around April to buy shares of Lawson at 10,360 yen a share.

KDDI plans to spend a total of Y496.50 billion ($3.34 billion) for the share acquisition.

Lawson shares closed 2.2% higher at Y8,913 on Tuesday.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

02-06-24 0145ET

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
LAWSON, INC.	10,330 JPY	0.00%	-0.14%	6.57B
KDDI CORPORATION	4,380 JPY	+0.76%	+3.01%	57.97B
MITSUBISHI CORPORATION	3,529 JPY	+0.92%	+2.23%	91.85B

Latest news about Lawson, Inc.

KDDI Corporation completed the acquisition of additional 47.88% stake in Lawson, Inc. from its shareholders for ¥400 billion.	Apr. 24	CI
Lawson's Attributable Profit Up 75.5% in Fiscal 2024 On Higher Sales	Apr. 11	MT
Lawson, Inc. Announces Dividend for the Fiscal Year Ended February 29, 2024	Apr. 11	CI
Tech shares drag Nikkei lower, outweighing boost from Toyota, Mitsubishi	Feb. 07	RE
Mitsubishi, KDDI Target Full Ownership of Convenience Store Operator Lawson	Feb. 06	MT
Tech stocks drag Japan's Nikkei; Toyota and Mitsubishi jump on strong outlook	Feb. 06	RE
KDDI Plans to Acquire Further Stake in Japan Convenience-Store Operator Lawson for $3.3 Billion -- Update	Feb. 06	DJ
Transcript : KDDI Corporation, Lawson, Inc., Mitsubishi Corporation - M&A Call	Feb. 06
KDDI Plans to Start Multi-Billion Dollar Tender Offer for Lawson	Feb. 06	DJ
Japan's KDDI, Mitsubishi Corp plan tender offer to take Lawson private	Feb. 06	RE
Jefferies Adjusts Lawson’s Price Target to 8,500 Yen From 7,800 Yen, Keeps at Hold	Jan. 25	MT
Lawson’s Attributable Profit Up 38.1% in Fiscal Nine Months on Higher Sales, Profit of Investments Using Equity Method	Jan. 12	MT
Lawson, Inc. Provides Dividend Guidance for the Full Year Ending February 29, 2024	Jan. 12	CI
Lawson, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024	Jan. 12	CI
Jefferies Adjusts Lawson’s Price Target to 7,800 Yen From 7,000 Yen, Keeps at Hold	Nov. 16	MT
Japan lobby head urges BOJ to normalise policy to live with interest rates	Nov. 09	RE
Japanese Shares Close Over 2% Lower On Escalating Middle East Tensions, Fears of Hawkish Central Banks	23-10-16	MT
Japan's Nikkei falls as Middle East tensions hurt risk appetite	23-10-16	RE
Lawson’s Attributable Profit up 38.5% in Fiscal H1 on improved Operating Revenue; Shares Up 3%	23-10-15	MT
Japanese shares trade sharply lower as Middle East tension rises	23-10-15	RE
Lawson, Inc. Reports Earnings Results for the Half Year Ended August 31, 2023	23-10-13	CI
Lawson, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024	23-10-13	CI
Lawson, Inc. Declares Dividend for the First Half Ended August 31, 2023, Payable on November 10, 2023; Provides Dividend Guidance for the Full Year Ending February 29, 2024	23-10-13	CI
Jefferies Adjusts Lawson’s Price Target to 7,000 Yen From 6,500 Yen, Keeps at Hold	23-10-06	MT
Nomura Adjusts Lawson's Price Target to 7,000 Yen From 5,900 Yen, Keeps at Neutral	23-08-17	MT

Lawson, Inc. is a company mainly engaged in the operation of convenience stores. The Company operates in four segments. The Domestic Convenience Store segment operates chains of convenience stores under the names LAWSON, NATURAL LAWSON, and LAWSON STORE 100. The Seijoishii segment operates the supermarkets. The Entertainment related segment sells tickets for concerts, music and video software, as well as operate complex cinemas. The Finance related segment operates the banking business.

Sector

Food Retail & Distribution

Calendar

2024-05-20 - Shareholders Meeting

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Mean consensus

HOLD

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10,330 JPY

Average target price

9,298 JPY

Spread / Average Target

-9.99%

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Company calendar

Sector Supermarkets & Convenience Stores

	1st Jan change	Capi.
LAWSON, INC.	+41.84%	6.57B
FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.	-7.21%	38.45B
AVENUE SUPERMARTS LIMITED	+11.52%	35.53B
SEVEN & I HOLDINGS CO., LTD.	+9.36%	33.86B
SM INVESTMENTS CORPORATION	+9.52%	20.2B
COLES GROUP LIMITED	+1.92%	14.29B
JERÓNIMO MARTINS, SGPS, S.A.	-17.40%	12.77B
ICA GRUPPEN	-.--%	11.82B
CASEY'S GENERAL STORES, INC.	+16.48%	11.85B
CARREFOUR	-3.89%	11.75B

Supermarkets & Convenience Stores

Lawson, Inc.

Equities

2651

JP3982100004

Food Retail & Distribution

KDDI Plans to Start Multi-Billion Dollar Tender Offer for Lawson

Stocks mentioned in the article

Latest news about Lawson, Inc.

Chart Lawson, Inc.

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Analysts' Consensus

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Sector Supermarkets & Convenience Stores