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FamilyMart Co., Ltd.

FamilyMart's headquarters in Shibaura, Tokyo
Native name	株式会社ファミリーマート
Romanized name	Kabushiki gaisha FamirīMāto
Company type	Subsidiary
Industry	Convenience stores
Founded	September 1973; 51 years ago (1973-09) in Sayama, Japan (incorporated September 1, 1981; 43 years ago (1981-09-01))
Founder	Seibu Retailing Group
Headquarters	Tamachi Station Tower S, Shibaura, Minato, Tokyo, Japan
Number of locations	24,941 (July 2021)
Areas served	Japan Taiwan China mainland Philippines Thailand Vietnam Indonesia Malaysia
Key people	Koji Takayanagi (Director and Chairman) Kensuke Hosomi (Representative Director and President)
Products	Onigiri (rice balls) Hot snacks Refrigerated meals Oden (stew) Coffee and frappe beverages
Revenue	JPY 477.5 bn (2017)
Operating income	JPY 42.8 bn (2017)
Net income	JPY 21.9 bn (2017)
Total assets	JPY 730.3 bn (2016)
Total equity	JPY 295.2 bn (2016)
Number of employees	16,601 (2017)
Parent	Seibu Retailing Group (1973–2006) FamilyMart UNY Holdings Co., Ltd. (2017–2020) Itochu (2020–present)
Subsidiaries	Famima!!
Website	www.family.co.jp

The FamilyMart Company, Ltd. (Japanese: 株式会社ファミリーマート, Hepburn: Kabushikigaisha Famirīmāto) is a Japanese convenience store franchise chain, and a subsidiary of Itochu, a Japanese trading company. It is Japan's second largest convenience store chain, behind Seven-Eleven Japan. There are now 24,574 stores worldwide in Japan, Taiwan, China, Philippines, Thailand, Vietnam, Indonesia, and Malaysia. Its headquarters is on the 17th floor of the Sunshine 60 building in Ikebukuro, Toshima, Tokyo. There were some stores in Japan with the name Circle K Sunkus under the operation of FamilyMart. FamilyMart currently has franchise stores in Malaysia, Philippines, Thailand, Indonesia, Taiwan, China, and Vietnam.

FamilyMart stores sell typical Japanese convenience store goods, including basic grocery items, magazines, manga, soft drinks, alcoholic drinks like sake, nikuman (steamed pork buns), fried chicken, onigiri/omusubi (rice balls), and bento. FamilyMart is known for its distinctive doorbell melody, which plays upon entering the store. The doorbells are exclusively made by Panasonic. The melody is referred to as Melody Chime No. 1 – Daiseikyou, and was originally developed for Panasonic by Yasuhi Inada in 1978.

History

The first FamilyMart opened in Sayama, Saitama Prefecture, in 1973. In 2002, it was listed as a company in Taiwan.

In October 2013, FamilyMart opened its 10,000th store in Japan. Operations in certain parts of Asia, especially China, continue to expand. FamilyMart also operated stores in South Korea from 1990 until 2014, when FamilyMart sold its stake in BGF Retail and divested from South Korea.

As of January 2018, there were 24,243 stores worldwide; 17,409 stores in Japan, 3,165 stores in Taiwan, 2,177 stores in China, 1,138 stores in Thailand, 277 stores in Malaysia, 66 stores in the Philippines, 165 stores in Vietnam, and 87 stores in Indonesia.

FamilyMart was a subsidiary of the FamilyMart UNY Holdings Co., Ltd. (UFHD), which also owned supermarket chain Uny, until 2020. UFHD was dissolved when Uny was acquired by the parent company of Don Quijote in 2020.

FamilyMart Co.'s parent company is Itochu, a Japanese trading company, with a stake of 50.1%. On July 8, 2020, Itochu announced it would spend approximately ¥580 billion (approx US$5.5 billion) to purchase 100% of FamilyMart, with the intent to sell 4.9% of the shares to Zen-Noh and Norinchukin Bank. FamilyMart shareholders approved the takeover on October 26, and the stock was delisted on November 12, thus leading the completion of the acquisition.

International operations

Mainland China

FamilyMart opened its first store in Shanghai, China, in 2004. Since then, the chain has expanded to Guangzhou, Suzhou and Hangzhou. Other stores are in Shenzhen, Guangzhou, Chengdu, Wuxi, Beijing and Dongguan. By December 2020, there are over 2,967 FamilyMart stores in mainland China.

Malaysia

FamilyMart opened its first store in Malaysia at Wisma Lim Foo Yong in Bukit Bintang, Kuala Lumpur on November 11, 2016. It has become popular because it is the first convenience store selling soft serve ice cream and fresh snacks.

FamilyMart Malaysia are owned by Maxincome Resources Sdn Bhd which is one of QL Resources Bhd subsidiary. They had a 20-year agreement with FamilyMart Co Ltd.

All of FamilyMart Malaysia's food service and ready-to-eat selections are made with halal ingredients only. The service is currently in the midst of the halal application process with JAKIM. The products available in FamilyMart that are Halal certified will carry the Halal logo on its packaging. For products that are imported from Japan, Korea or Taiwan, the product ingredients will be vetted to ensure that no haram ingredients such as pork, lard or alcoholic substance were used. Customers will be able to read the ingredients information on the food or drinks packaging before purchase to ensure hassle-free consuming. In April 2019, FamilyMart Malaysia was one of the F&B outlets that was chosen by PLUS Malaysia Berhad, the largest expressway in Malaysia to set up their stores in one of the R&R areas.

As of May 6, 2021, there are 242 stores nationwide, marking the 200th store milestone on the first store in Penang after its 100th store in Melaka. By 2022, they planned to open 300 stores nationwide.

Philippines

FamilyMart was launched in the Philippines on April 7, 2013 under the ownership of Ayala Corporation, Rustan's Group and Itochu. Philippine FamilyMart CVS Inc. is the official Philippine franchisee of FamilyMart. Its first Philippine branch, opened on April 22, 2013, is located at the Glorietta 3 mall in Makati. In 2017, Phoenix Petroleum Philippines, Inc., a unit of the Davao-based conglomerate Udenna Corporation, acquired the franchise from the triumvirate; it was completed in 2018. There are now more than 65 stores in the Philippines, including those built at select Phoenix Petroleum stations.

On November 21, 2019, FamilyMart opened its largest outlet in the world, with an area of 390 square meters (4,200 sq ft), at Udenna Tower in Bonifacio Global City, Taguig.

Taiwan

In 1988, FamilyMart began opening stores in Taiwan. As of October 2021, FamilyMart has over 3,600 stores in Taiwan. FamilyMart provides banking and bill payment services and as of 2018, FamilyMart accepts the highest number of bill payments among convenience stores in Taiwan, with over 100 million bills paid per year.

FamilyMart sued to end its partnership with Ting Hsin in 2019, which would end a 15-year joint venture.

Thailand

FamilyMart opened its first store in 1993 and grew to over 1,000 locations within the next decades. In May 2020, FamilyMart transferred their 49% stake of the Thai joint venture to partner Central Group. Despite FamilyMart's effective exit from the venture, they maintained licensing rights and store locations retained the company's name. Their franchise agreement with Central ended in 2023, and FamilyMart exited Thailand as its roughly 200 remaining stores in the country were to be converted to Central's Tops Daily brand.

Vietnam

FamilyMart opened its first store in Vietnam in 2009, starting in Ho Chi Minh City. Initially the stores were operated in a joint venture with Vietnamese distributor Phu Thai Group, after 2013, both companies went their own way, and Phu Thai Group took over a number of FamilyMart stores and started operating them under its own brand B's Mart. As of 2017, FamilyMart operated 130 stores in Ho Chi Minh City.

Former

Korea

At the end of May 2012, the number of operating FamilyMart stores had reached 7,271. In June 2012, FamilyMart of South Korea, which was being run by FamilyMart Corporation and BGF Retail, was renamed and converted to 'CU' (short for "Convenience for You") under ownership of BGF Retail after an order coming from BGF Retail that required FamilyMart to leave the South Korean market, and to cease operations there. At the end of March 2014, FamilyMart withdrew from the South Korean market completely.

In addition, South Korean franchisees had operated a number of stores at Kaesong Industrial Region and Mount Kumgang Tourist Region in North Korea for South Korean visitors and workers; all the stores are now closed.

United States

Beginning in July 2005, FamilyMart began building and opening several stores in Los Angeles, California, under the name Famima!!. After freezing the number of locations at 10 in 2010, FamilyMart closed all eight of its Famima!! convenience stores in the United States and liquidated Famima Corp. USA, withdrawing from the United States in October 2015.

Solar power

FamilyMart has had solar power at some of its stores since at least 2004. It aims to increase its solar energy footprint in the future. There are around 45,000 convenience stores in Japan. Lawson run just under 10,000, a market share just behind 7-Eleven, who have about 13,000 stores. Currently, only 20 of Lawson's stores are equipped with solar equipment, but they plan to expand that number ahead of the July 1, 2012 introduction of a "feed-in tariff system", which the government and electricity companies say guarantees purchases of electricity from renewable sources such as solar or wind generators. Surplus power can be sold only after in-store lighting and air-conditioning have been powered.

Automatic cashiers

On 30 January 2006, FamilyMart began trials of an automatic cashier station at one of its Tokyo stores in cooperation with Itochu and Toshiba. Special tags on items in the customer's shopping basket are remotely and instantly sensed at the register.

Controversies

Labor Commission case by franchise owners

Seventeen convenience store owners of FamilyMart stores formed a union and requested collective bargaining with the company. They were refused and sued. In April 2015 the Central Labor Commission of Japan found that FamilyMart had violated the Trade Union Law by refusing to negotiate with the union. The franchise owners were recognized as employees under the trade union law, and the company was ordered to pledge to the union that it would not repeat the offence.

Rat infestation incident

In August 2019, footage emerged of as many as six rats scurrying through a FamilyMart store in Shibuya, near sushi displays and down aisles. FamilyMart responded by shutting the store, in order to investigate the cause of the problem, and apologised if the "unsanitary" footage had made customers feel "uneasy".

See also

• List of convenience stores

References

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External links

• Official website (in English)
• Official website (in Japanese)
• Official website (in Vietnamese)

• Asia
• Companies
• Tokyo

• Itochu
• Convenience stores of Japan
• Convenience stores of the Philippines
• Japanese brands
• Japanese companies established in 1981
• Retail companies based in Tokyo
• Retail companies established in 1981
• 1980s initial public offerings
• 2020 mergers and acquisitions
• Companies formerly listed on the Tokyo Stock Exchange
• Franchises