Seiyu Group
From Wikipedia, the free encyclopedia
Seiyu Group (西友グループ?) is a Japanese operator of supermarkets, shopping centers, and department stores. In addition to its Japanese operations, Seiyu also has department stores operating under its name in Singapore and Hong Kong. The group used to directly operate its Singapore and Hong Kong stores, but in October 2005 its three Singapore stores were sold to CapitaLand Limited,[1] which transferred them to Beijing Hualian Group later the same year.[2] The group's Hong Kong store in New Town Plaza, Sha Tin was sold to Sun Hung Kai Properties Limited in June 2005,[3] but like the stores in Singapore it continues to operate under the Seiyu name.
According to BusinessWeek Online [4], Wal-Mart, the giant American retailer, bought a 37 percent stake in Seiyu in 2002, and according to a company press release [5], in late 2005 Wal-Mart acquired a majority stake in the company which it has since increased to 95% ownership [6]with the possibility of 100% ownership in the near future.
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[edit] Group companies
"Seiyu Group" refers to an association of companies, of which The Seiyu, Ltd. is the parent company. The companies in Seiyu Group are:
- The Seiyu, Ltd. (parent company)
- Hokkaido Seiyu Co., Ltd.
- Tohoku Seiyu Co., Ltd.
- S.S.V. Inc.
- Kyushu Seiyu Co., Ltd.
- Sunny Co., Ltd.
- Wakana Co., Ltd.
- Smile Corp.
- The SCC, Ltd.
- Nicoh Inc.
- Nijicom Ltd.
- Smis Co., Ltd.
- Seiyu Service Co., Ltd
[edit] Shareholders
The shareholders of Seiyu Group are:[7]
- Wyoming Holding GmbH (53%) (a wholly owned subsidiary of Wal-Mart)
- Sumitomo Corporation (9%)
- The Master Trust Bank of Japan, Ltd. (Trust account) 6%
- Credit Saison Co., Ltd. 3.5%
- Japan Trustee Services Bank, Ltd. (Trust account) 2.93%
- The Nomura Trust and Banking Co., Ltd. (Trust account) 2.46%
- JP Morgan Chase CREF Jasdec Lending Account 2.32%
- The Chase Manhattan Bank GTS Clients Account Escrow 1.96%
- Kyusyu Seiyu Co., Ltd. (a subsidiary of The Seiyu, Ltd.)
- Yoshinoya D&C Co., Ltd. 0.79%
[edit] Main Creditors
- Mizuho Corporate Bank, Ltd.
- Sumitomo Mitsui Banking Corporation
- The Chuo Mitsui Trust and Banking Co., Ltd.
[edit] References
- ^ CapitaLand acquires Seiyu stores in Singapore (2005-10-19). Retrieved on 2006-03-25.
- ^ "Beijing Hualian buys Seiyu Singapore", China Economic Net, 2005-12-02. Retrieved on 2006-03-25.
- ^ Sun Hung Kai Properties acquired Seiyu (Shatin) Company Limited (2005-06-01). Retrieved on 2006-03-25.
- ^ Japan Isn't Buying The Wal-Mart Idea
- ^ Wal-Mart - Facts & News
- ^ Bloomberg.com: Japan
- ^ Seiyu Group 2005 annual report (PDF). Retrieved on 2006-03-25.
[edit] External links
[edit] Company homepage
- (Japanese) http://www.seiyu.co.jp/
- (English) http://www.seiyu.co.jp/english/
[edit] Seiyu in Hong Kong
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