Japanese trading house Mitsubishi Corp may take a majority stake in Lawson Inc to make the Japanese convenience store a subsidiary.

A statement issued by both companies says Mitsubishi is considering a takeover, but no decision has been made.

An insider says Mitsubishi is planning to hike its stake in Lawson to more than 50 per cent.
One of Japan’s biggest convenience store chains, Lawson also has stores in China, Indonesia and Thailand.