NTT Docomo, Japan’s leading mobile operator and provider of integrated services centered on mobility, Lawson Inc, one of the largest Japanese convenience store chains, and Radishbo-ya Co, Japan’s premium home-delivery service for organic and preservative-free foods, on Monday announced plans for business and capital alliances in connection with completion of Docomo’s intended acquisition of Radishbo-ya’s outstanding common shares and stock acquisition rights through a public tender offer, which was stated in a separate announcement today.
The agreements attempt to create strong business synergy among the three companies by leveraging their respective assets and business know-how, aiming to capitalize on Japanese consumers’ growing demands for food safety and environmental awareness.
Under the envisioned agreements, Lawson will acquire a maximum 20% ownership of Radishbo-ya and will provide a representative director to Radishbo-ya’s board of directors.
The share acquisition by Lawson will follow Docomo’s conversion of Radishbo-ya into a wholly owned subsidiary.
The business tie-up is expected to enhance Radishbo-ya’s logistical capabilities by merging Radishbo-ya’s and Lawson’s respective expertise in logistics, and by increasing distribution efficiencies through the establishment of a joint distribution system, which Docomo will support with advanced mobile technologies and know-how.