TOKYO -- Merger-related expenses weighed on the earnings of FamilyMart Uny Holdings for the nine months ended November, as the company upgraded and refurbished stores for a new start.
The company was born from the Sept. 1 marriage of convenience store operator FamilyMart and supermarket company Uny Group Holdings. Operating profit reached about 42 billion yen ($356 million), down roughly 5% from combined profits reported by the predecessors a year ago. The 42 billion yen figure is the sum of March-August profit at FamilyMart and expected September-November profit at the new entity.
