Lawson to enter banking sector in 2018

Oct 5, 2016

Lawson to enter banking sector in 2018

Convenience store chain operator Lawson Inc. plans to enter the banking business in 2018, industry sources said Wednesday. It will prepare for its entry into a new sector by setting up a company next month with the Bank of Tokyo-Mitsubishi UFJ. The investment ratio ...

Convenience store chains struggled in March-May period

Jul 12, 2016

Convenience store chains struggled in March-May period

The three major convenience store operators struggled with low profitability in March to May despite record-high sales. Sales for industry leader Seven-Eleven Japan Co., a core unit of Seven & I Holdings Co., grew 5.4 percent from a year before to ¥1.1 trillion after ...

May 26, 2016

FamilyMart-Uny merger plan approved by shareholders

The planned merger of FamilyMart Co. and Uny Group Holdings Co. was approved by their shareholders Thursday, setting the stage for the creation of one of the nation’s largest convenience store operators in September. Following the approval at their respective shareholders’ meetings held in ...

Japan an alluring target for Standard Bank ATM thieves

May 25, 2016

Japan an alluring target for Standard Bank ATM thieves

Criminals who stole millions of dollars from automatic teller machines across Japan in a three-hour spree probably chose the country because banks consider it a low fraud risk, security experts say. The gang used counterfeit Standard Bank credit cards to withdraw ¥1.4 billion in ...