1. Method of Repurchase
Lawson will place a buy order for its common stock on the 1st Section of the Tokyo Stock Exchange at today's closing price of 3,620 yen per share via ToSTNeT-2 (Tokyo Stock Exchange Trading Network System; closing price orders) at 8:45am on November 15, 2004. (The transaction method and time of repurchase will not be altered.) The buy order is effective only at the specified time.

2. Type of Shares
(1) Type of Shares :Lawson common stock
(2) Number of Shares Repurchased :274,500 shares

Notes:
1. Lawson will not alter the number of shares it plans to repurchase. However, it may not be able to repurchase all or part of the shares due to market conditions.
2. Lawson will repurchase shares for which sell orders have been placed, up to the total number of shares that it plans to repurchase.

(3)Value of Shares Repurchased : 3,620 yen

3. Announcement of Repurchase Results
The results of this repurchase will be announced after the completion of transactions effected on November 15, 2004.

Reference : Authorization for the repurchase of shares (announced on June 10, 2004)
Type of shares to be repurchased: Lawson common stock
Total number of shares authorized for repurchase: Up to 2,500,000 shares
Total value of shares authorized for repurchase: Up to 10,000,000,000 yen

Treasury stock repurchased through November 12, 2004
Total number of shares repurchased: 1,400,000 shares
Total value of shares repurchased: 5,912,142,000 yen