- Business
- Kansai Food Market Ltd. operates a chain of supermarket stores primarily in the Kansai region of Japan, offering a wide range of food products and daily necessities; these include fruits and vegetables, alcoholic beverages, marine products, meat, confectionery, frozen foods, miscellaneous goods, and daily items. The company also engages in the production and processing of cooked rice, cultivation and sale of vegetables, beef cattle fattening, product delivery, store rental, and store safety management activities. Founded in 1959 and headquartered in Itami, Hyogo Prefecture, Japan, Kansai Food Market Ltd. serves local consumers through its network of supermarkets and focuses on the food retail and distribution sector with all operations concentrated in Japan.
In a major strategic development, H2O Retailing Corporation completed the acquisition of the remaining 35.11% stake in Kansai Food Market Ltd. in July 2024 for approximately ¥36.7 billion through a share exchange, making it a wholly-owned subsidiary and previously known as Kansai Super Market Ltd. This transaction followed H2O Retailing's existing 64.89% ownership and included a special dividend of ¥100 per share to minority shareholders, approved at the annual general meeting on June 20, 2024. The move enhances operational synergies in the supermarket business and supports long-term growth in the competitive Japanese retail market.