Retail & Lifestyle Business Division
Major Business Activities
In the midst of unprecedented diversification in consumer preferences and accelerated changes, the Retail & Lifestyle Business Division conducts various customer-based business activities that aim to create more prosperity and convenience in people’s lives. In particular, our future growth strategy is founded on business expansion and strengthening of business functions in the ASEAN region, where the middle-income segment is growing due to steady economic development.
For instance, our wholesale food business, which began in Vietnam, led to the establishment of cold chain logistics as a means of responding to customers’ need for tastier food products, and is contributing to sales growth for local food service distribution businesses and supermarkets. In addition, we are engaged in the convenience store business and have set up a plant to support supply of daily/prepared foods and processed meats. We also used this know-how to enter the food service distribution business in Thailand, where we are building a one-stop system for handling all phases from wholesale distribution to food processing. We are also involved in the food wholesaling business in Myanmar.
In the commercial facilities operation business, we have established a business model based on the shift in consumer trends from tangible (product-oriented) to intangible (experience-oriented) elements, which utilizes our expertise in managing facilities in Japan, and adds value to our company and other stores. We are leveraging this know-how in other countries as well to operate Japanese eateries and restaurants.
In the traditional trading business, we established an integrated materials-to-construction system to enter the wooden interior materials business overseas, where demand for luxury products is growing. We have also built an integrated production system that covers the spinning to sewing processes in the textile business, and are offering products to major specialty retailers. Through these efforts, we will provide business functions that respond to the needs of our customers (key consumers), and live up to the expectations and interests of society.
Business models supporting value creation
Examples of Activities for Sustained Growth
Wholesale Foods, Processing & Sales, Retail, Logistics Business
Contributing to a richer variety of foodstuffs through the establishment of food and retail business in the ASEAN
Middle classes with high purchasing power are emerging in the rapidly growing ASEAN economies, where people are demanding services that cater to diverse palates and provide a high level of satisfaction. Sojitz emphasizes an integrated customer-based business not only in Japan, but also in growing Asian markets, and is promoting diverse retail businesses, including logistics and wholesale foods business, that increase prosperity and convenience in everyday life.
For example, as the modern retail industry in Vietnam continues to develop, we sought to respond to consumers seeking a wider variety in food by acquiring one of the largest food wholesalers in the country. We are now creating a sophisticated distribution infrastructure for handling foods in four temperature zones—room temperature, fixed temperature, refrigerated and frozen. Furthermore, in addition to operating convenience stores, we are involved in establishing and supporting operations of factories for daily/prepared food and processed meats. We are contributing to raising the quality of life for people in the ASEAN region by building businesses that cater to the expectations and interests of local communities.
Forest Products Business
Sustainable afforestation, procurement and production in Vietnam
Forests are not only essential for procuring lumber and woodchips, but also play a role in protecting the environment, such as securing water resources, preventing landslides, and maintaining biological diversity. Therefore, it is imperative that we operate from a sustainability perspective by protecting forests and using forest products efficiently.
The Sojitz Group is working to build businesses that, both, protect the global environment and promote the development of local communities through sustainable procurement and efficient use of forest resources.
To ensure sustainable procurement, we have established a Wood Procurement Policy and set evaluation criteria for the wood we purchase. By surveying each supplier, we have established a stable supply structure for reliable and safe timber products which considers not only the legality of logging operations, but also the impact on ecosystems in the place of origin and the living environments of local residents. Additionally, we are responding to social needs by effectively using forest resources. Specifically, we make an effort to see that no precious wood (from timber to mill ends) is wasted at each stage. In future, we will use these functions to our strength and consider entering the business for manufacturing fuel for biomass thermal power generation by effectively using mill ends, as well as the business for biomass-fired thermal power generation.
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- Energy & Social Infrastructure Division
- Metals & Mineral Resources Division
- Chemicals Division
- Foods & Agriculture Business Division
- Retail & Lifestyle Business Division
- Industrial Infrastructure & Urban Development Division