Convenience store chain FamilyMart Co. and Ryohin Keikaku Co., which runs stores selling Mujirushi Ryohin brand goods, said Thursday they will take an equity stake in each other, reviving cross-shareholding ties they had until three years ago.

Ryohin Keikaku will purchase a 0.57 percent stake in FamilyMart for 2 billion yen, with FamilyMart taking a 2 percent stake in Ryohin Keikaku for 5 billion yen, in a bid to enhance their relations, the two companies said. Ryohin Keikaku is currently a supplier of confectionery and daily household goods to FamilyMart.

FamilyMart is reviving its capital ties with Ryohin Keikaku at a time when convenience store sales overall are suffering slumping performance, posting a sixth straight yearly fall through 2005 on a same-store basis.

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