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Japan high-end supermarket operator Seijo Ishii to go public

Lawson unit to earmark funds for marketing, acquisitions and shareholder returns

The planned listing could make Seijo Ishii the second-largest supermarket operator on the bourse. (Photo by Kaisuke Ota)

TOKYO -- Japanese high-end supermarket operator Seijo Ishii will list shares on the new Prime market of the Tokyo Stock Exchange by 2023, Nikkei learned on Tuesday, as the company looks to invest more in marketing, acquisitions and shareholder returns.

The company is targeting an initial market capitalization of roughly 200 billion yen ($1.6 billion). This could make it the second-largest supermarket operator on the bourse and the largest since PHC Holdings -- the former health care business of Panasonic -- recorded in October 2021.

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