[Industry Restructuring] Provision of Advisory Services on Management Integration of Maruetsu, Kasumi and MaxValu Kanto

The Maruetsu, Inc. (headquarters: Toshima-ku, Tokyo), Kasumi Co., Ltd. (headquarters: Tsukuba, Ibaraki Prefecture), and MaxValu Kanto Co., Ltd. (headquarters: Koto-ku, Tokyo), jointly swapped shares to establish a joint holding company, United Super Market Holdings, Inc. (U.S.M.H) (date of establishment: March 2, 2015). DBJ provided its support as advisor to Maruetsu.

By coming together, the three companies formed a Tokyo metropolitan area supermarket alliance. Maruetsu has its base of operations mainly in Tokyo and chiefly operates small-scale stores. Kasumi, meanwhile, has the No. 1 share in the supermarket industry in Ibaraki. MaxValu Kanto, a subsidiary of Aeon Co., Ltd., has a store network in the Tokyo metropolitan area. This alliance is likely to become No. 1 in sales in the Tokyo metropolitan area owing to benefits from its mutual supplementing.

DBJ served as advisor to Maruetsu, offering comprehensive advice on areas including development of the management integration scheme, calculation of the integration ratio, and establishment of the governance system, holding company functions, and basic strategy.