Lawson, a Japanese multi-format retailer, has inked a share transfer agreement with pharmaceutical company Eisai to acquire 70% stake in its fertilizers and crop nutrition subsidiary Eisai Seikaken.

The acquisition is said to be in line with Lawson’s plans to enter into agricultural sector by formulating Lawson Farm agricultural companies.

The retail chain plans to leverage Nakashima Farming Method technologies to cultivate vegetable and fruit tree plantation that are expected to be safe for consumption and high in health value.

Lawson’s infrastructure would further improve the Nakashima Farming Method brand and increase recognition, besides providing sustainable growth and expansion of Eisai Seikaken, Eisai stated in a statement.

Following the transaction, Eisai will not hold any stake in Eisai Seikaken.

However, Eisai is expected to boost its pharmaceutical businesses by allocating management resources to its related units.

Lawson’s retail portfolio comprises 11,275 stores under Lawson, Natural Lawson, Lawson Store 100 formats offering a wide array of food and non-food products such as fast foods, daily delivery foods, processed foods and non-food products.

Using the Nakashima method, the retailer mulls to open 11 additional farms by the end of fiscal in Japan, which would be used as selling point for the company’s vegetables and fruits to health-conscious consumers, according to The Nikkie.