Lawson, Inc.
Market: Tokyo

Symbol: 2651

ISIN: JP3982100004

Sector: Retail TradeCompany Profile
Lawson, Inc. is one of the largest convenience store operators in Japan.
As manufacturing retailer based on small commercial areas, the Company had approx. 14,000 stores in Japan and approx. 3,600
overseas stores, as of Feb. 28, 2021. The Company has expanded its customer base from young male customers to female andsenior citizens in accordance with the nation's demographic trends. Lawson has utilized some formats such as LAWSON, NATURAL LAWSON, LAWSON STORE 100 and SEIJO ISHII to meet the polarized demand of consumers.
Regarding dividend policy, Lawson management places great store on returning a portion of profits to the shareholders, and theCompany pursues a strategy that both maintains financial soundness and returns an appropriate portion of profits to the shareholders that directly reflects corporate performance. The Company focuses on optimizing shareholders’ equity from a perspective of mid- and long-term management.
Lawson became a consolidated subsidiary of Mitsubishi Corporation in February 2017.

Sales by merchandise category of all stores (As of 2/28/2021)

9.4%
15.1%
53.4%
Processed foods : Soft drinks, alcoholic drinks, cigarettes, processed foods, confectioneries, etc.

22.1%

Fast foods : Rice, noodles, bread, delicatessen items, over-the-counter fast foods, etc
Daily delivered foods : Bakery items, desserts, ice creams, perishable foods (vegetable, fruits and meat), etc
Non-food products : Daily necessities, books, magazines, etc.

Key Figures
2019/2

Fiscal year: (millions of yen)
Net sales of convenience stores

2021/2

2020/2

2,424,541

2,506,970

2,165,818

Gross operating revenue

700,647

730,236

666,001

Operating income

60,781

62,94340,876

Profit before income taxes

39,87630,31918,230

Profit (Profit attirbutable to ownersof parent)

25,585

20,1088,689

255.71200.95

86.84

255

150

150

Total assets

1,342,329

1,357,732

1,365,430

Net assets

281,982

275,347

272,931Return on equity

9.3

7.3

3.2

Payout ratio

99.7

74.6

172.7

14,65914,444

14,476Per share data: (yen)Profit per share
Cash dividends per share
At fiscal year-end: (millions of yen)

Financial data: (%)

Total number of stores in Japan (store)

Major Shareholders (As of 2/28/2021)
Name

Number of shares held (thousand shares)*1

Shareholding ratio (%)*2Mitsubishi Corporation

50,15050.1

The Master Trust Bank of Japan, Ltd.
(Trust account)

5,119

5.1

Custody Bank of Japan, Ltd.
(Trust account)

2,886

2.9

KDDI Corporation

2,110

2.1

NTT DOCOMO, INC.

2,092

2.1

STATE STREET BANK WEST CLIENT— TTREATY 505234

1,433

1.4

Employee stockholding association

844

0.8

Custody Bank of Japan, Ltd.
(Trust account 7)

812

0.8

Japan Securities Finance Co., Ltd.

799

0.8

Custody Bank of Japan, Ltd.
(Trust account 5)

790

0.8

*1 The number of shares held in the above table is based on the shareholders' register.
*2 The shareholding ratios in the above table are calculated after deducting treasury stock.

Distribution of Shareholders by Type (As of 2/28/2021)
Name

Number of shares (thousand shares)

Ratio (%)

Financial Institutions

16,103

16.1

Securities companies

2,717

2.7

Other domestic entities

55,20455.0

Foreign entities

17,544

17.5

Individuals, others

8,496

8.5

00.0

232

0.2

100,300

100.0

JASDECTreasury Stock
Shares issued and outstanding* The number of unit (tangen) shares is 100 shares.

Lawson, Inc.
East Tower, Gate City Ohsaki, 11-2, Osaki 1-chome, Shinagawa-ku, Tokyo 141-8643 Japan
https://www.lawson.jp/en/