Conclusion of Contract Concerning the Strategic Partnership for Further Growth and Development of Marubeni Corporation and AEON Co., Ltd.

Feb. 26, 2024
Marubeni Corporation
AEON Co., Ltd.

Marubeni Corporation (hereinafter, “Marubeni”) and AEON Co., Ltd. (hereinafter, “AEON”) have concluded a new “Contract Concerning the Strategic Partnership” (hereinafter, the “Contract”) aimed at further development of the “Letter of Agreement on Strategic Partnership” signed on March 27, 2013.

The Contract was signed with the intention of further developing the trust and proven track record that Marubeni and AEON have built over an extended period and to establish a partnership for creating new value by leveraging both companies’ business foundations. Through the Contract, the two companies will explore possibilities for business opportunities in all areas, including product procurement and development, domestic and international distribution structures, GX, and DX, to expand their joint efforts in the medium to long term.

Furthermore, to strengthen the relationship between the two parties, Marubeni has acquired additional shares in AEON.

By utilizing the management resources and expertise that both Marubeni and AEON possess, both companies aim to further enhance their corporate value.

AEON Overview
Company Name: AEON Co., Ltd.
Head Office: 1-5-1 Nakase Mihama-ku, Chiba City, Chiba Prefecture 261-8515
Founded: September 1926
Representative: Akio Yoshida, President and Chief Executive Officer
Business: Management of the company’s business activities by holding stocks or shares of companies engaged in retail businesses, shopping mall development businesses, financial service businesses, services businesses, and related businesses
Website: https://www.aeon.info/en/
Marubeni Overview
Company Name: Marubeni Corporation
Head Office: 4-2, Ohtemachi 1-chome,Chiyoda-ku, Tokyo 100-8088
Founded: December 1, 1949
Representative: Masumi Kakinoki, President and CEO, Member of the Board
Business: Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct importing and exporting (including third country trading), as well as domestic business, encompassing a diverse range of business activities across wide-ranging fields including lifestyle, IT solutions, food, agri business, forest products, chemicals, metals & mineral resources, energy, power, infrastructure project, aerospace & ship, finance, leasing & real estate business, construction, industrial machinery & mobility, next generation business development and next generation corporate development. Additionally, the Marubeni Group offers a variety of services, makes internal and external investments, and is involved in resource development throughout all of the above industries.
Website: https://www.marubeni.com/en/