USMH announces Greater Tokyo area business integration

United Super Markets Holdings (USMH), Maxvalu Kanto, Daiei, and Aeon Market have signed agreements for a business integration effective March 1, 2026. This transaction will see Maxvalu Kanto succeed Daiei's supermarket business in the Kanto region through an absorption-type company split, and absorb Aeon Market through an absorption-type merger. Following these, USMH will become the wholly owning parent company of Maxvalu Kanto through a share exchange.

The integration aims to accelerate USMH's growth into a supermarket group with over JPY 1 trillion in sales and 1,000 stores in the Greater Tokyo area. This strategic move is designed to enhance regional adaptability, improve supply chain efficiency, and leverage combined resources to boost overall operational efficiency and profitability.

For the absorption-type merger, one share of Maxvalu Kanto common stock will be allotted for every 0.000044 shares of Aeon Market common stock. In the share exchange, one share of Maxvalu Kanto common stock will convert into 741.042 shares of USMH common stock. Maxvalu Kanto will issue an estimated 2,156 shares for the merger and 11,516,533 shares of USMH common stock will be delivered for the share exchange.