Lawson's Delisting Ends on High Note

TOKYO, Jul 25 (News On Japan) - Convenience store giant Lawson was delisted from the Tokyo Stock Exchange Prime Market on July 24, as it enters a joint management system with Mitsubishi Corporation and KDDI.

The delisting follows the successful completion of a tender offer by telecommunications giant KDDI. The joint management system with Mitsubishi Corporation and KDDI is expected to be established by early September.

In its final earnings report as a publicly listed company, Lawson announced a record net profit of 16.967 billion yen for the period from March to May this year.

Source: ANN

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