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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Lawson, Inc.    2651   JP3982100004

LAWSON, INC.

(2651)
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Lawson : Japan regulator tells convenience stores to stop forcing 24-hr rule on franchises

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09/02/2020 | 04:32am EDT

Japanese anti-monopoly regulators on Wednesday told convenience store chains to stop forcing franchises to stay open 24 hours a day, after complaints from franchise owners struggling to find late-night staff and make a profit during quiet business hours.

"We indicated that it could be a problem under the anti-monopoly laws. We requested immediate improvements and asked that improvements be reported to us," the Fair Trade Commission said in a report.

The directive by the regulator, based on a survey of more than 12,000 convenience stores and 8,423 franchise owners, was aimed at Japan's eight major convenience store operators, including Seven & i Holdings' 7-Eleven chain and Lawson Inc..

The issue of convenience stores' hours became a hot topic last year after franchise owners, struggling with the tightest labour market in more than 40 years, launched a campaign to change their contracts with the operators.

Stories of owners forced to work amid massive snowstorms or in the wake of a family death attracted national attention, putting operators under pressure to loosen franchise contracts and allow for shortened hours.

Japanese convenience stores began expanding in the 1970s as their 24-hour accessibility proved a perfect match with the country's dense population and late-night work culture.

But many analysts say the industry now looks saturated, in light of Japan's ageing population, slow economic growth and new competitors such as Amazon Prime.

(Reporting by Tim Kelly and Ritsuko Ando; Editing by Clarence Fernandez & Shri Navaratnam)


Stocks mentioned in the article
ChangeLast1st jan.
LAWSON, INC. -0.40% 5000 End-of-day quote.-19.22%
SEVEN & I HOLDINGS CO., LTD. -0.76% 3404 End-of-day quote.-14.96%
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Financials
Sales 2021 676 B 6 460 M 6 460 M
Net income 2021 7 390 M 70,6 M 70,6 M
Net Debt 2021 168 B 1 605 M 1 605 M
P/E ratio 2021 67,8x
Yield 2021 3,00%
Capitalization 500 B 4 771 M 4 781 M
EV / Sales 2021 0,99x
EV / Sales 2022 0,91x
Nbr of Employees 10 572
Free-Float 44,4%
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Technical analysis trends LAWSON, INC.
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 5 000,00 JPY
Last Close Price 5 000,00 JPY
Spread / Highest target 28,0%
Spread / Average Target 0,00%
Spread / Lowest Target -18,0%
EPS Revisions
Managers
NameTitle
Sadanobu Takemasu President & Representative Director
Satoshi Nakaniwa CFO, Director & Senior Managing Executive Officer
Katsuyuki Imada Director & Senior Managing Executive Officer
Emi Osono Independent Outside Director
Yutaka Kyoya Director
Sector and Competitors
1st jan.Capitalization (M$)
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ALIMENTATION COUCHE-TARD INC.3.40%36 289
SEVEN & I HOLDINGS CO., LTD.-14.96%28 660
SM INVESTMENTS CORPORATION-5.94%24 422
AVENUE SUPERMARTS LIMITED16.64%18 786