News Releases

Mar. 8, 2012

Notice Concerning the Execution of an Agreement to Acquire SENIOR LIFE CREATE Shares (SENIOR LIFE CREATE to be Included in the Scope of Consolidation as a Subsidiary Company)

FamilyMart Co., Ltd. ("FamilyMart" or "the Company") (Toshima-ku, Tokyo; Junji Ueda, President) today announced details of its decision to acquire an 81.6% interest in SENIOR LIFE CREATE Co., Ltd., a company that engages in head office operations for the "Takuhai-Cook 1・2・3" home delivery network of franchise stores, which deliver boxed lunches to the homes of senior citizens, from Minori Co., Ltd. (Fund), which receives investment advisory services from Basic Capital Management, Ltd., and other SENIOR LIFE CREATE shareholders, following a resolution of the Company's Board of Directors at a meeting held on March 5, 2012. Consistent with this resolution, FamilyMart also announced details of the execution of the relevant share transfer agreement. Brief details are as follows.

1. Purpose of the Share Transfer

As birthrates decline, the number of the elderly increases and household units become smaller, the role expected of convenience stores continues to change. To date, FamilyMart has put forward a growth strategy that entails the sale of fresh foods and sashimi as well as the development of products and services geared to the tastes of the middle-aged and elderly by the Company's Otona-conveni Laboratory in an effort to address changes in the structure of society and capture the support of customers.

The decision to acquire an equity interest in SENIOR LIFE CREATE and to include the company in FamilyMart's scope of consolidation as a subsidiary company reflects the Company's intention to provide services to the elderly in earnest, an area of business that is projected to grow in the future. Taking full advantage of SENIOR LIFE CREATE's management resources, which include a home-delivery sales channel that encompasses a nationwide network of over 300 franchisees, a hospitality-backed customer base, home-delivery franchise know-how and established expertise in the development of products for the elderly, FamilyMart will work to further expand its business domain.

At the same time, and in addition to FamilyMart's proven product development know-how as well as its infrastructure including systems and logistics capabilities, SENIOR LIFE CREATE franchisees are expected to benefit through wide-ranging scale merits as a member of the FamilyMart Group. Drawing on the high profile of the FamilyMart name, SENIOR LIFE CREATE franchisees are anticipated to deliver increasingly fine-tuned services.

Moving forward, as franchisees of both companies expand their collaborative ties, the potential exists to engage in the home delivery of a broad range of convenience store products. Accordingly, FamilyMart will look to further enhance its competitive advantage by expanding this home-delivery service beyond the elderly demographic. Every effort will be made to provide a home-delivery service that is deeply rooted in the community as a whole.

Taking into consideration each of the aforementioned, FamilyMart is confident that the acquisition of an equity interest in SENIOR LIFE CREATE and its inclusion in the Company's scope of consolidation as a subsidiary company will lead to considerable synergy benefits. In addition to further improving FamilyMart's services to the elderly, this initiative will allow the Company to expand its menu of services deeply rooted in the community and to further enhance its development as a company that supports the infrastructure of society and community life.

2. Profile of SENIOR LIFE CREATE

(1) Company Name SENIOR LIFE CREATE Co., Ltd.
(2) Address 3-12-14 Mita, Minato-ku, Tokyo
(3) Representative Hiroshi Takahashi, President and Chief Executive Officer
(4) Nature of Business 1) Head office operations for the "Takuhai-Cook 1・2・3" home delivery network of franchise stores, which deliver boxed lunches to the homes of senior citizens. Nationwide network: 315 stores (as of November 2011)

2) Operation and management of "Tokusuke-kun" wholesaling food services to facilities for the elderly
(5) Capital ¥280 million
(6) Date of Establishment December 1999
(7) Shareholder Status
Minori Co., Ltd. 62.4%
Seven investment partnerships 19.2%
Hiroshi Takahashi 5.4%
Other 13.0%

3. Profile of SENIOR LIFE CREATE's Principal Shareholder

(1) Company Name Minori Co., Ltd.
(2) Address 1-11 Kanda Jimbocho, Chiyoda-ku, Tokyo
(office located within Sakura Horwath & Co.)
(3) Representative Takao Ando, President
(4) Nature of Business Investment activities including the management, purchase and sale of marketable securities
(5) Capital ¥10 million
(6) Date of Establishment June 7, 2006
(7) Shareholder Status
Ibuki General Incorporated Association 100%

Other major shareholders: seven investment partnerships. Investment partnerships are operated and managed by JAFCO Co., Ltd., Daiwa Corporate Investment Co., Ltd., SMBC Venture Capital Co., Ltd. and OGI Venture Capital Corporation

4. Number of Shares to be Acquired; Number of Shares Held Before and After Acquisition

(1) Number of Shares Held Prior to Transfer None
(2) Number of Shares Acquired 1,958 shares
(Number of voting rights: 1,958)
(Percentage of the total number of issued and outstanding shares: 81.6%)
(3) Number of Shares Held After Transfer 1,958 shares
(Number of voting rights: 1,958)
(Shareholding ratio: 81.6%)

5. Schedule

(1) Date of Board of Directors' Resolution March 5, 2012
(2) Date of Share Transfer Agreement Execution March 5, 2012
(3) Scheduled Date of Share Transfer April 5, 2012

6. Outlook

There is no impact on the Company's performance for the fiscal year ended February 29, 2012. FamilyMart anticipated only a slight impact on its performance for the fiscal year ending February 28, 2013.

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