Retail partners' Marukyu to acquire Nagano Co., Ltd.

Retail Partners Co., Ltd. (TSE: 8167) announced today that its consolidated subsidiary, Marukyu Co., Ltd., has signed an agreement to acquire all outstanding shares of Nagano Co., Ltd. The acquisition aims to bolster Retail Partners' supermarket operations in the Kyushu region, adding Nagano's six Naganoya and two Umekoji stores to Marukyu's existing network of 276 stores. Nagano, known for its private-brand products and regional recognition, reported net assets of JPY895 million and total assets of JPY2.463 billion for the fiscal year ended May 31, 2024. The share transfer is scheduled to be completed on June 30, 2025. Retail Partners expects the acquisition to generate synergies through leveraging Nagano's brand and Marukyu's management resources.