Japanese convenience store chain Ministop has said it plans to increase its stake in its South Korean affiliate Daesang Distribution & Service by 55.27% to 76.06% on 30 June.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Ministop will buy around 2.8m outstanding shares in Daesang Distribution, which runs convenience stores in South Korea under the Ministop banner, from Daesang Corp and Daesang Foods.


Ministop has therefore revised down its group net profit estimate for the current financial year to February 2004 to ¥4.2bn (US$35.8m) from ¥4.6bn, reported Jiji Press.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now