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Annual Report 2019
ANNUAL REPORT 2019 CONTENTS 02 Our Philosophy 03 Milestones 04 Chairman’s Statement 06 Management Discussion of Results of Operations and Financial Position 10 Board of Directors 15 Key Executives’ Profiles 16 Financial Profile 19 Corporate Information 20 New Discoveries at Isetan Scotts 22 Sustainability Report 36 Corporate Governance Report 50 Risk Management Policies & Processes 52 Directors’ Statement 55 Independent Auditor’s Report 60 Income Statement 61 Statement of Comprehensive Income 62 Balance Sheet 64 Statement of Changes in Equity 65 Statement of Cash Flows 67 Notes to the Financial Statements 120 Additional Disclosure Requirements 124 Note to Shareholders regarding the Annual General Meeting 125 Statistic of Shareholdings 127 Corporate Directory ANNUAL REPORT 2019 ISETAN (SINGAPORE) LIMITED 01 OUR PHILosopHY CONNECTING PEOPLE AND BRIDGING TIMES. STRIVE TO CHANGE. 1. Observe and study your surrounding facts for constant growth. 2. Innovate and stay ahead of times. 3. Respect others. Be inspired by diverse views and ideas. BE A NEW ONE. 02 ISETAN (SINGAPORE) LIMITED ANNUAL REPORT 2019 MILESTONES STORES & SPECIALTY SHOP DEVELOPMENT 1972 Isetan Havelock made history by being the first Japanese department store in Singapore. 1979 Isetan Orchard opened at Liat Towers. This store established Isetan’s presence along Singapore’s tourist shopping belt. 1983 Isetan Katong opened at Parkway Parade marking the Company’s penetration into suburban Singapore. 1986 Isetan Orchard was relocated to Wisma Atria at a cost of $100 million amidst the economic downturn and recession. 1993 Flagship store at Havelock was relocated to Isetan Scotts which opened at Shaw House. 1995 Isetan Tampines opened at Tampines Mall. -
List of Certified Facilities （Cooking）
List of certified facilities （Cooking） Prefectures Name of Facility Category Municipalities name Location name Kasumigaseki restaurant Tokyo Chiyoda-ku Second floor,Tokyo-club Building,3-2-6,Kasumigaseki,Chiyoda-ku Second floor,Sakura terrace,Iidabashi Grand Bloom,2-10- ALOHA TABLE iidabashi restaurant Tokyo Chiyoda-ku 2,Fujimi,Chiyoda-ku The Peninsula Tokyo hotel Tokyo Chiyoda-ku 1-8-1 Yurakucho, Chiyoda-ku banquet kitchen The Peninsula Tokyo hotel Tokyo Chiyoda-ku 24th floor, The Peninsula Tokyo,1-8-1 Yurakucho, Chiyoda-ku Peter The Peninsula Tokyo hotel Tokyo Chiyoda-ku Boutique & Café First basement, The Peninsula Tokyo,1-8-1 Yurakucho, Chiyoda-ku The Peninsula Tokyo hotel Tokyo Chiyoda-ku Second floor, The Peninsula Tokyo,1-8-1 Yurakucho, Chiyoda-ku Hei Fung Terrace The Peninsula Tokyo hotel Tokyo Chiyoda-ku First floor, The Peninsula Tokyo,1-8-1 Yurakucho, Chiyoda-ku The Lobby 1-1-1,Uchisaiwai-cho,Chiyoda-ku TORAYA Imperial Hotel Store restaurant Tokyo Chiyoda-ku (Imperial Hotel of Tokyo,Main Building,Basement floor) mihashi First basement, First Avenu Tokyo Station,1-9-1 marunouchi, restaurant Tokyo Chiyoda-ku （First Avenu Tokyo Station Store） Chiyoda-ku PALACE HOTEL TOKYO(Hot hotel Tokyo Chiyoda-ku 1-1-1 Marunouchi, Chiyoda-ku Kitchen,Cold Kitchen) PALACE HOTEL TOKYO(Preparation) hotel Tokyo Chiyoda-ku 1-1-1 Marunouchi, Chiyoda-ku LE PORC DE VERSAILLES restaurant Tokyo Chiyoda-ku First～3rd floor, Florence Kudan, 1-2-7, Kudankita, Chiyoda-ku Kudanshita ８th floor, Yodobashi Akiba Building, 1-1, Kanda-hanaoka-cho, Grand Breton Café -
Cupertino Takeout Restaurant Guide
Takeout & Movie Night Join us for takeout and a movie! This weekend, order takeout from your favorite Cupertino restaurant, and enjoy a stay-at- #CupertinoCares home dinner and movie night! Restaurants in this guide will be offering special discounts from May 15 – 17, 2020. Use discount code: CupertinoCares Here's what to do! Select your favorite movie. Order dinner from your favorite Cupertino Restaurant. Enjoy your takeout dinner and at-home movie. Post pictures of your takeout to CUPERTINO your social media with the hashtag #CupertinoCares. TAKEOUT RESTAURANT GUIDE Takeout Cupertino Restaurants Open for Takeout DEALS* Ajito Mod Pizza Alexander’s Steakhouse Myungrang Hot Dog *Check with restaurants for details Aqui Nutrition Restaurant Avachi Biryani House Oakmont Sandwiches Beard Papa Olarn Thai Beijing Duck House One Pot 15% OFF @ 20% OFF @ Benihana Oren’s Hummus Bitter + Sweet Panda Express COCONUT'S FISH CAFE PACIFIC CATCH BJ’s Restaurant Panera Bread Boiling Fish Paris Baguette Fresh Flavors of Hawaii West Coast Fish House Boiling Point Philz Coffee Main Street Café Lattea Pho Ha Noi 20010 Stevens Creek Blvd 19399 Stevens Creek Blvd Chipotle Pineapple Thai (408) 216-9553 (408) 899-2604 Chuck E. Cheese Pizza Hut Coconut’s Fish Café QQ Noodle coconutsfishcafe.com pacificcatch.com Curry Pizza House Rare Tea Dish n’ Dash Rio Adobe Donut Wheel Rori Rice Easterly Hunan Cuisine Sheng Kee Bakery 20% OFF @ 15% OFF @ Erik’s Delicafe Subway Sandwiches Fantasia Coffee and Tea Sushi KUNI EL GRECO GRILL PINEAPPLE THAI Habit Burger Taiwan Porridge -
Seminar Japan Wholesale and Retail Landscape with Loic Bizel Monday 15/5 - 10.00AM-12.00PM @ TFC
LeBiz Ｔｏｋｙｏ _ Ｆａｓｈｉｏｎ Ｃｏｎｓｕｌｔｉｎｇ _1 Seminar Japan Wholesale and Retail Landscape with Loic Bizel Monday 15/5 - 10.00AM-12.00PM @ TFC Introduction Loic Bizel Distribution channels Marketing Best practices (retail prices, distribution, marketing & PR, collaboration,…) Distribution and Retail Market Information Q&A session May 2017 [email protected] – Skype : loic_bizel - Tel. 81(0)90-3680-0836 – www.lebiz-consulting.com - www.fashioninjapan.com - www.tokyofashiontour.com LeBiz Ｔｏｋｙｏ _ Ｆａｓｈｉｏｎ Ｃｏｎｓｕｌｔｉｎｇ _2 Distribution channels The main distribution channels for imported brands in Japan are department stores, select stores chainstores, specialty chainstores, E-commerce, shopping centers and fashion buildings, outlets malls and local independent retailers. Distribution Channel Key Players + - Isetan, Takashimaya, Hankyu, Mitsukoshi Medium volume, Brand oriented, High price Only few are fashion oriented, Mainly old Department Stores clients Beams, United Arrows, Ships, Baycrews, Image, Brand and trend oriented, High price Limited volume, Exclusive edition Select Shops Chainstores Urban Research ABC mart, Asbee (shoes), Sazaby, Tokyo Medium volume, Brand oriented, Medium price Exclusive edition, Medium retail presence Specialty Chainstores Delica (bags), Bals, Actus (home) Rakuten, Yahoo, Amazon, Locondo, High volume, Large offer, Fashion oriented Need to have importers to wholesale to them E-Commerce Magaseek, Zozo (Start Today) Marui, Lalaport, Lumine, Parco, Atre Medium volume, Mass retail presence, Fashion Medium price, Domestic brands Shopping Centers Local store Reach countryside clients Low volume, Medium price, Purchase through Independent Retailers wholesale Don Quichote, Jean’s mate, ABC mart High volume, Mass retail presence Low image, Low price, Discount Discount Chainstores Aeon, Itoyokado, Daiei High volume, Mass retail presence Low price, Not fashionable, Made in China GMS Each distribution channels has its own structure to import brands. -
Kyoto City Subway Route Map
Kurama Iwakura Eizan Kurama Line North Kibuneguchi K Kokusaikaikan 01 (Kyoto International Conference Center) Kitayama K K 03 02 Matsugasaki K Kitaoji Yase-Hieizanguchi 04 Takaragaike Eizan Line Karasuma Line K 05 Kuramaguchi to Omi-Maiko Kitano-Hakubaicho K Randen Kitano Line Demachiyanagi Imadegawa K Saga Arashiyama Uzumasa 06 Hanazono Emmachi to Kameoka Sakamoto Jingu-marutamachi JR Kosei Line Sagano Scenic Railway Torokko Saga Marutamachi K 07 Lake Katabiranotsuji Biwa KamisakaemachiHamaotsu Arashiyama Sanjo Nijo-jo mae Karasuma Oike Uzumasa Tenjingawa Nisioji Oike Nijo Kyoto Shiyakusho-mae (Kyoto City Hall) Sanjo Keihan Higashiyama Keage (Nijo-jo Castle) K Randen-Saga 08 Otani T T T T T T T T T Misasagi 17 16 15 14 13 12 11 10 09 Matsuo- Omiya Karasuma T Keihan-Yamashina Shinomiya taisha Oiwake Randen Tenjingawa Sai-in Gion-shijo 08 Hankyu Arashiyama Line Sai Keihan Ishiyama-sakamoto Line K Kawaramachi Keihan Keishin Line Randen Arashiyama Line Shijo- Shijo to Maibara Omiya 09 T Nishikyogoku Yamashina Hankyu Kyoto Line 07 Tambaguchi Ishiyamadera K Gojo Kamogawa River Kiyomizu-gojo 10 JR Biwako Line Katsura T Higashino JR Sagano Line Kyoto Shichijo 06 K Nishioji to Umeda(Osaka) 11 Tokaido Shinkansen to Nagoya Tofukuji T Nagitsuji Toji K Kujo Fushimi-inari 05 Katsuragawa 12 Inari K Tozai Line T Ono (Kintetsu)Jujo Jujo JR Nara Line 04 Mukomachi 13 T K Keihan Main Line T Daigo Kamitobaguchi 14 Kuinabashi 03 T JR Kyoto Line K Takeda 02 Ishida 15 T Fushimi Momoyama 01 Rokujizo Chushojima Kintetsu-Tambabashi Rokujizo Tambabashi Momoyamagoryomae -
Toshikazu Kubota
New Urban Railway Projects ○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○ Toshikazu Kubota Introduction were subsequently unified in 1918 by the purchase of Kyoto Electric Railway, which began operation in 1895 Kyoto was established as Heian-kyo in 794 and its 1200- as Japan’s first tramway. The city continued building urban year history gives the city an eternal sense. Modern Kyoto transport infrastructure with the start of bus services in is a major Japanese city but its famous Buddhist temples 1928, which played a central transport role in the city. and Shinto shrines—17 of which are World Heritage However, the city trams could not respond to the sudden sites—and its close proximity to nature, create an rise in private car ownership and population migration aesthetic cityscape where city residents and visitors enjoy away from the city centre in 1960s. As a result, gradually culture and arts steeped in tradition. declining finances forced closure in 1978 when city buses In addition to preserving its traditions and culture, Kyoto is became the chief public transport. At this time, the Kyoto striving to create a new ‘Shining Kyoto’ by asking its citizens municipal government viewed urban transport as part of and experts for their opinions on how to ensure a safe and overall urban administrative planning rather than as a pleasant lifestyle, serving as the launch pad for a new era of separate issue. The city investigated its role in land use, local autonomy. To achieve these goals, the city established road construction, industry promotion, housing and other the ‘Kyoto City Basic Promotion Plan Stage 2’ in July 2004. -
Three Colomns-ML Based on DOHMH New York City Restaurant Inspection Results
Three colomns-ML Based on DOHMH New York City Restaurant Inspection Results DBA CUISINE DESCRIPTION DUNKIN Donuts ALL ABOUT INDIAN FOOD Indian CHARLIES SPORTS BAR Bottled Beverages MIMMO Italian SUENOS AMERICANO BAR Spanish RESTAURANT ANN & TONY'S RESTAURANT Italian GREEN BEAN CAFE Coffee/Tea PORTO BELLO PIZZERIA & Pizza RESTAURANT GUESTHOUSE RESTAURANT Eastern European CALEXICO CARNE ASADA Mexican JOHNNY UTAHS American RUMOURS American FORDHAM RESTAURANT American HONG KONG CAFE CHINESE Chinese RESTAURANT ASTORIA SEAFOOD & GRILL Seafood SUP CRAB SEAFOOD RESTAURANT Chinese SWEETCATCH POKE Hawaiian SWEETCATCH POKE Hawaiian Page 1 of 488 09/29/2021 Three colomns-ML Based on DOHMH New York City Restaurant Inspection Results INSPECTION DATE 11/18/2019 09/15/2021 11/24/2018 03/12/2020 01/03/2020 02/19/2019 01/16/2020 07/06/2017 04/24/2018 04/19/2018 06/20/2018 12/12/2019 09/10/2019 05/14/2018 08/19/2019 08/27/2019 06/24/2019 06/24/2019 Page 2 of 488 09/29/2021 Three colomns-ML Based on DOHMH New York City Restaurant Inspection Results KAHLO Mexican 52ND SUSHI Japanese EL COFRE RESTAURANT Latin American CARVEL Frozen Desserts CHOPSTICKS Chinese CATRIA MODERN ITALIAN Italian CATRIA MODERN ITALIAN Italian TAGLIARE PIZZA DELTA TERMINAL American OVERLOOK American BILLIARD COMPANY American BOCADITO BISTRO Eastern European FINN'S BAGELS Coffee/Tea FINN'S BAGELS Coffee/Tea CHUAN TIAN XIA Chinese LA POSADA MEXICAN FOOD Mexican CHINA STAR QUEENS CHINESE Chinese RESTAURANT AC HOTEL NEW YORK DOWNTOWN American NEWTOWN Middle Eastern NO.1 CALLE 191 PESCADERIA -
ISETAN the Japan Store Kuala Lumpur”
October 27, 2016 TASAKI opens “TASAKI Concept Store” at “ISETAN The Japan Store Kuala Lumpur” TASAKI (TASAKI & Co., Ltd.; Kobe Headquarter Office: 6-3-2 Minatojima Nakamachi, Chuo-ku, Kobe; Tokyo Headquarter Office: 5-7-5 Ginza, Chuo-ku, Tokyo; Board Director & CEO : Toshikazu TAJIMA) will open a concept store, the “TASAKI Concept Store”, on the ground floor of “ISETAN The Japan Store Kuala Lumpur”, the new specialty store to open in Malaysia’s capital Kuala Lumpur on Thursday, October 27, 2016. ISETAN The Japan Store Kuala Lumpur has been launched as a specialty store that bring the excellent items and services of Japan to the world and will open as a new joint initiative by Isetan Mitsukoshi Holdings Ltd. and Cool Japan Fund Inc. TASAKI has been chosen as one of the leading brands for JAPAN SENSES as a top Japanese High Jeweller that continues to bring innovative and sophisticated jewellery designs to the world, and will open the concept store at ISETAN The Japan Store Kuala Lumpur. The TASAKI Concept Store will feature a varied lineup of TASAKI’s unique stylish and attractive jewellery, including designs by the M/G TASAKI Head Designer Melanie Georgacopoulos and icon jewellery from TASAKI’s Creative Director Thakoon Panichgul such as “balance”, “refined rebellion” and “danger”. The opening of the TASAKI Concept Store will allow TASAKI to bring its celebrated world of quality, creativity and craftsmanship to an even greater range of customers. ■Store details ＜TASAKI Concept Store＞ Address: ISETAN The Japan Store Kuala Lumpur, GF “THE MUSEUM” LOT10, 50 Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia Opening date: Thursday, October 27, 2016 Opening hours: 11:00 – 21:00 balance diamonds pavé Ring © TASAKI Press Contact: Yaoyama, Tanaka, Sugiyama, Senda / TASAKI Communication Dept. -
Trade Show Evaluation Report - FOODMESSE in Niigata
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Voluntary - Public Date: 12/4/2012 GAIN Report Number: JA2536 Japan Post: Tokyo ATO Trade Show Evaluation Report - FOODMESSE in Niigata 2012 Report Categories: CSSF Activity Report Trade Show Evaluation Approved By: Steve Shnitzler, Director, ATO Tokyo Prepared By: Juri Noguchi and Sumio Aoki, ATO Tokyo Report Highlights: FoodMesse Niigata is the largest food trade show in northeastern Japan, attracting over 7,200 local visitors. ATO Japan managed a pavilion for the second straight year which included the Alaska Seafood Marketing Institute, and the U.S. Dairy Export Council (USDEC) as well as three importers representing snack foods, confectionery, and craft beer. In addition, the USDEC held a seminar attended by about 30 local buyers. USA Pavilion exhibitors reported projected sales of over $450,000. General Information: Name of Show: FOODMESSE in Niigata 2012 OctoberDates: 16-18, 2012 City/Country: Toki Messe (Niigata Convention Center), Niigata, Japan A. STATISTICAL SUMMARY ( )=2011 1) Profile of Visitors: Total Number of FOODMESSE in Niigata Visitors 7,209(5,941) Estimated Number of Trade Visitors 5,100 (3,500) Estimated Number of Visitors to the U.S. booths 1,000 (400) 2) Profile of U.S. Pavilion: 54 sq. m. (45 sq. m.) Size Booths 6 booths (5 booths) Companies/organizations exhibited (including ATO) 6 (5) ATO Information Booth & Lounge 9 sq. m. (9 sq. m.) 3) Number of Country Pavilions (booths) at the show: 2 countries: Australia and USA 4) Show Expenses*: Upgrade Design/Construction of U.S. -
What Is “Osaka Grand Design” ?
Experiencing Osaka, an environmentally-friendly metropolis Formation of an urban axis with greenery from the downtown to surrounding mountains ○Tree planting along Midosuji Boulevard ○Strengthening efforts in Green Wind Promotion Areas Creation of a Greenery you can Appreciate ○Creating greenery at Osaka’s gateways (Shin-Osaka and Osaka Stations, etc.) Creation of water amenity spaces ○Increasing the number of visitors with the “water corridor” (water transport) ○Improving river water amenities in the prefecture * Formation of a flexible urban structure resilient to disasters, using the disaster mitigation effects of greenery Infrastructure utilization and construction/improvement Bypassing “through-traffic” Loop road construction with loop roads Yodogawa-Sagan Line Yodogawa-Sagan Line 1st- and 2nd-phase extended section ○Construction and utilization of the Osaka Urban Regeneration Loop construction Road ○Utilization of the Hanshin Expressway loop line and flat roads around the downtown area Partial removal of the Hanshin Expressway ○Underground installation and removal of expressways in the downtown Higashi-Osaka Line area Strengthening of the loop function of flat Improving public transportation roads in the downtown area ○Introduction of LRT (contributing to improved urban attractiveness) Creating a downtown ○Extending departure time of last trains, and improvement of transit area blessed with convenience greenery, focused on ■Direction pedestrians construction ○Elimination of automobiles from downtown area Improving the rail network -
ASIAN NOODLE SOUPS Our Focus on Population Reach Understanding the Size of the HAUTE DOGS Audience Exposed to a Food Trend Helps Us Determine Its Trendreach
Insights for Innovation and Inspiration from Thomas W. Griffiths, CMC Vice President, Campbell’s Culinary & Baking Institute (CCBI) At Campbell we know that staying on the pulse of what people are eating and how their tastes are evolving requires more than a look at data points. That’s where our Culinary TrendScape program and our global team of chefs and bakers come into play. In a market where trends are turning up and gaining momentum at an increasing rate, our company looks to CCBI to identify growth opportunities that are rooted in culinary insight. Our integrated approach to tracking food trends relies on the expertise and intuition of our highly trained team, along with other sources including insights from our trusted industry partners. CS Throughout the year, our chefs and bakers draw inspiration from the people and places they TOPI encounter on the job and bring those ideas back to the kitchen. We kick off a dialogue OT H These themes are that’s rooted in our established methodology, take close look at the cultural shifts that 16 the driving force 0 behind this year’s drive trends—“hot topics” shaping the marketplace—and then hone in on the top trends 2 top trends that excite our palates most. This 2016 Culinary TrendScape report is the third we’ve published, and offers our Authenticity unique point of view on the year’s top ten North American trends, from Cooking with Back to Basics Fire to Caramel. Some of these trends may even inspire future Campbell products, as Conscious Connections they serve as a springboard for inspiration that drives creative product development Discovery & Adventure across our business platforms. -
(Awarded in 6X STAR$®) with the American Express® Capitacard
Earn up to 3% rebate (Awarded in 6X STAR$®) with The American Express® CapitaCard Participating Merchants at CapitaLand Malls in town (S$1 spend = 30 STAR$®, T&Cs Apply) Updated as of 1 July 2021 Important Notes Please visit amex.co/capitacardterms for the full terms and conditions for earning STAR$® with your American Express® CapitaCard. Please note that under the terms and conditions: 1. Additional 25 STAR$® will be awarded, on top of the base 5 STAR$, on eligible purchases of goods and services, in blocks of S$1, on a cumulative basis at the end of every calendar month, capped at S$1,200 per calendar month. 2. On top of excluded charges and purchases, the following transactions are also not eligible to earn additional 25 STAR$®: charges at pushcarts, temporary vendors/pop-up shops, events, roadshows, SISTIC, SAM machines and AXS machines within CapitaLand Malls in town. American Express International Inc (UEN S68FC1878J) 1 Marina Boulevard #22-00, One Marina Boulevard, Singapore 018919. americanexpress.com.sg. Incorporated with Limited Liability in the State of Delaware, U.S.A ®Registered Trademark of American Express Company. © Copyright 2021 American Express Company. AXP Public 1 American Express® CapitaCard Participating Merchants @ Bugis Junction 200 Victoria Street Singapore 188021 Participating Merchant Name 6IXTY8IGHT Hi-Tec Mobile Polar Puffs & Cakes Action City HLH SABER LILY Pop Mart adidas HoneyMoon Dessert Premier Football Ajisen Ramen Honguo Purpur Akihabara HP By AddOn Q & M Dental Centre (Bugis) Alcoholiday HUAWEI Raffles