Japan Fact Sheet: Wal-Mart

Topics: Supermarket, Subsidiary, 2009 Pages: 2 (545 words) Published: November 6, 2010
Japan Fact Sheet
Total retail units as of July 31, 2010: 414

Compact Hypermarket 19 Seiyu GM (general merchandise only) 1 Seiyu GMS (food and general merchandise) 90 Seiyu Supermarkets 261 Wakana 43 Associates History 25,139* Seiyu is one of the largest supermarket chains in Japan. The company was established on April 19, 1963. In May 2002, Walmart acquired a 6.1 percent stake in Seiyu. In December 2005, Walmart acquired a majority interest in Seiyu, making Seiyu a Walmart subsidiary, and on December 5, 2007, Walmart‘s tender offer to acquire all of the issued and outstanding shares of Seiyu was completed successfully, raising Walmart’s ownership of Seiyu from 50.9 percent to 95.1 percent. Walmart proceeded with additional steps to acquire all of the remaining shares, which resulted in the delisting of Seiyu shares from the Tokyo Stock Exchange in April 2008. In June 2008, Seiyu became a wholly-owned subsidiary of Walmart. As of March 2009, Walmart established a holding company named Walmart Japan Holdings Godo Kaisha and has made Seiyu a whollyowned subsidiary of the holding company. Seiyu also converted its company form from Kabushiki Kaisha to Godo Kaisha on Sept.1, 2009. At Seiyu, we know we can make the greatest impact by supporting causes that are important to our customers and our communities. Seiyu donated USD $79,000 to the National Federation of All Japan Guide Dog Training Institutions in the first half of 2009. The funds are used to help raise and train guide dogs, as well as promote awareness among the general public about the needs of visuallyimpaired individuals. Seiyu also organized a fundraising campaign to support areas affected by the May 2008 earthquake in China. Approximately USD $33,000 was raised by associates and customers to support relief efforts. To support the movement of wider use of renewable energy, which is generated closer to the place of consumption, Seiyu helps raise money for Ohisama (Sunshine) Energy Fund Co. Ltd, which...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Wal-Mart Essay
  • wal mart Essay
  • Wal-Mart Essay
  • Wal*Mart Essay
  • Wal-Mart Essay
  • Wal-Mart Essay
  • Wal-Mart Essay
  • Wal Mart Essay

Become a StudyMode Member

Sign Up - It's Free