Better Life CO., Ltd. - 7576- Profile

Better Life Co., Ltd. was established 1973 and became publicly held in December 1997. The company is a household utensils chain stores operator with twenty seven shops located in Osaka and its neighbouring prefectures. It sells home interior/exterior goods, household apparatus, stationary, gardening tools, paint, garden plants, car/bicycle accessories, sporting goods, cameras, watches, foods and alcohol drinks. The company also operates real estate rental and leasing. Household utensils accounted for 42% of fiscal 1999 unconsolidated revenues; D.I.Y.(do-it-yourself) goods such as gardening tools, paint and home exterior goods, 34%; leisure related goods such as sporting goods, car/ bicycle accessories, watches and cameras, 23%; other including alcohol drinks, foods and real estate rental and leasing, 1%. Unconsolidated revenues accounted for 95.3% of fiscal 1999 revenues. The company has two consolidated subsidiaries involved in the sale of alcohol and food in Japan. Akihisa Iwaki, the company's president, is the major shareholder with 35.96% of issued stock.