FamilyMart earned 6.07 yuan per share in the first three quarters and spent 746 million yuan to acquire about 48% of Taiwan Logistics.

FamilyMart (5903) convenience store announced consolidated revenue of 86.535 billion yuan in the first three quarters, an annual increase of 6.54%, net profit after tax of 1.418 billion yuan, net profit after tax of 1.355 billion yuan, and earnings per share of 6.07 yuan, an increase of 0.56 yuan from 5.51 yuan in the same period last year. (provided by FamilyMart)

[Reporter Yang Yamin/Taipei Report] FamilyMart (5903) convenience store announced consolidated revenue of 86.535 billion yuan in the first three quarters, an annual increase of 6.54%, net profit after tax of 1.418 billion yuan, net profit after tax of 1.355 billion yuan, and earnings per share of 6.07 yuan, an increase of 0.56 yuan from 5.51 yuan in the same period last year.

FamilyMart's board of directors also spent approximately 746 million yuan to acquire 48.265% of Taiwan Logistics' equity held by Japan's Itochu Corporation, Japan's FamilyMart and Japan's NIPPON ACCESS. After the transaction is completed, FamilyMart's shareholding in Taiwan Logistics will increase from 51.735% to 100%, becoming a wholly-owned subsidiary of FamilyMart to strengthen supply chain operational efficiency.

FamilyMart said that the convenience store industry has performed steadily, with average daily sales at existing stores growing for three consecutive quarters, and the total number of stores reached 4,536 as of the end of September. Jinxin Food and Changjia Food, which have supported the industry through reinvestment, have continued to grow in profit. FamilyMart International Catering, a listed subsidiary, has 77 stores under its three brands, with both revenue and profit reaching new highs in the same period, driving the overall group's profits upward.