L・TF Co., Ltd.
L・TF Co., Ltd. is the joint-venture convenience-store operator behind the Lawson Three F chain in the Tokyo metropolitan area.
Last updated September 29, 2026
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Overview
L・TF Co., Ltd. (株式会社エル・ティーエフ) is a Japanese convenience-store operating company headquartered in Yokohama, Kanagawa. It was established in September 2016 as a joint venture between Three F Co., Ltd. (スリーエフ), which holds 51%, and Lawson, Inc. (ローソン), which holds 49%. The company operates the "Lawson Three F" (ローソン・スリーエフ) convenience-store format, which combines Lawson's national convenience, logistics, product and service platform with Three F's long-standing local presence and community-focused merchandising in the greater Tokyo area. The chain's stores are concentrated in four prefectures — Kanagawa, Tokyo, Chiba and Saitama — collectively known in Japanese as "一都三県" (one metropolis and three prefectures). As of the end of February 2026, the network counted 325 stores: 153 in Kanagawa, 86 in Tokyo, 61 in Chiba and 25 in Saitama. The conversion from the legacy Three F banner to the Lawson Three F banner began in 2016 in Chiba and Saitama, extended to Tokyo and Kanagawa in 2017, and was completed across all stores in March 2018. L・TF positions itself as more than a simple sum of its parents: its corporate messaging describes the combination as a "multiplication" (かけ算) rather than an "addition" (たし算) of Lawson's scale and Three F's local know-how. The company supplies Lawson's store format, logistics, products and services while retaining area-specific merchandising and community-oriented sales strategies. Its stated aim is to offer services and products that only a locally rooted chain can provide. Financially, the company has reported improving store-level performance. For the fiscal year ending February 2026, average daily sales per store rose by ¥18,000 compared with the previous year, well above the medium- to long-term management plan target of ¥10,000 per period. Existing-store sales growth remained stable despite a challenging customer-traffic environment, supported by promotional activity and an expanded product assortment. The company is led by Representative Director and President Ryosuke Yamaguchi (山口 良介). Its headquarters is located in the Nihon-odori district of Naka-ku, Yokohama, in the same building as a Lawson Three F store.
History
L・TF Co., Ltd. was established in September 2016 as a joint venture between Three F Co., Ltd. and Lawson, Inc. The company was created to operate the "Lawson Three F" convenience-store format, merging Lawson's national convenience-store platform with Three F's local presence in the greater Tokyo area. Three F holds a 51% stake and Lawson holds 49%, giving Three F majority ownership while leveraging Lawson's operational systems. The conversion of existing Three F stores to the Lawson Three F banner began in 2016 in Chiba and Saitama prefectures, and expanded to Tokyo and Kanagawa in 2017. The full conversion of all stores was completed in March 2018. This rebranding allowed the chain to adopt Lawson's store format, logistics network, product lineup and services while retaining area-specific merchandising and community-oriented sales strategies. By the end of February 2026, the chain operated 325 stores across Kanagawa (153), Tokyo (86), Chiba (61) and Saitama (25). The company reported that for the fiscal year ending February 2026, average daily sales per store increased by ¥18,000 year-on-year, significantly exceeding the medium- to long-term management plan target of ¥10,000 per period. Existing-store sales growth remained stable despite a challenging customer-traffic environment, supported by promotional activities and an expanded product assortment. The company continues to emphasize the synergy between Lawson's scale and Three F's local expertise as the foundation of its growth strategy.
- 2026
As of end of February, 325 stores operating across Kanagawa, Tokyo, Chiba and Saitama; average daily sales per store up ¥18,000 year-on-year.
- 2018
Full conversion of all stores to the Lawson Three F banner completed in March.
- 2017
Conversion expands to Tokyo and Kanagawa.
- 2016
L・TF Co., Ltd. established in September as a joint venture between Three F (51%) and Lawson (49%).
- 2016
Conversion of Three F stores to the Lawson Three F banner begins in Chiba and Saitama.
Products and positioning
A locally rooted convenience-store chain combining Lawson's national platform with Three F's community-focused merchandising in the greater Tokyo area.
Lawson Three F convenience stores
Convenience stores operating under the Lawson Three F banner in the greater Tokyo area.
Area-limited original products
Products developed specifically for the local market, available only in the Lawson Three F area.
Sources2 sources
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