China positioned as Asia's largest growth area
In China, which we consider the largest growth area in Asia, we established a local subsidiary in Beijing in 2007. Subsequently, we have built a business foundation by welcoming leading local companies to the Group, such as Aeon Delight Sufang (Suzhou) Comprehensive Facility Management Service Co., Ltd. (presently AEON DELIGHT (CHINA) SERVICE MANAGEMENT GROUP CO., LTD.) and Wuhan Xiaozhu Comprehensive Facility Management Service Co., Ltd. in 2013,
In China, demand for high-quality FM services is on the rise as social infrastructure develops and urbanization progresses. Taking advantage of our expertise and energy-saving technologies cultivated in Japan, we have expanded our business by providing services to a variety of facilities and regions, including major commercial facilities, high-end residences, transportation infrastructure facilities, and participation in regional redevelopment projects.
Enhancing services while addressing diverse FM needs through new businesses and M&As
To meet the diverse FM needs in China, we are aggressively expanding our business domain, including by developing operation services and light meal replenishment services at logistics facilities. In addition to this sort of organic growth, we are also actively pursuing M&A opportunities.
In FY2021, Aeon Delight (Jiangsu) Comprehensive Facility Management Service Co., Ltd. (presently AEON DELIGHT (CHINA) SERVICE MANAGEMENT GROUP CO., LTD.) acquired a Suzhou-based company with advanced expertise and a proven track record in outsourced factory operations. In addition, in FY2022, Aeon Delight (China) Investment Holdings Co., Ltd. (hereinafter “Aeon Delight China”)* acquired a local company with strengths in outsourced operations at medical-related facilities in Zhejiang and Jiangxi Provinces.
With the aim of achieving further growth in China, we will continue to accelerate business expansion throughout the country through aggressive M&A of companies in different industries, centered on Aeon Delight China, which has an investment function, to acquire new businesses and property management companies with business bases in various regions.
*To strengthen the investment function, we shifted the corporate form of Aeon Delight China to an investment company to enable a wider range of operations in October 2022.