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Profile History of the Takashimaya Group

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Profile History of the Takashimaya Group 2017 TAKASHIMAYA PROFILE HISTORY OF THE TAKASHIMAYA GROUP 1831 1959 2000 Founding Spirit Licensing Agreement with JR Nagoya Takashimaya Our founder, Iida Shinshichi, Pierre Cardin Opened opened a clothing and cotton cloth With this agreement, Takashimaya Conveniently located inside the JR store in Kyoto with the trading became the first Japanese company Central Towers, a newly built name “Takashimaya.” to enter into an agreement with landmark next to Nagoya Station, a foreign designer. this was the first full-size depart- ment store to open in Nagoya City 1969 for 20 years. Tamagawa Takashimaya S.C. Opened 2009 The Tamagawa Takashimaya S.C. Nihombashi Takashimaya 1889 was Japan’s first large-scale declared an Important Takashimaya Wins Prize at the suburban shop-ping mall. Cultural Property World Exhibition in Paris This masterpiece of Showa-era In the 19th century, Takashimaya 1993 architecture displays at every turn won several prizes at overseas Singapore’s Biggest a stately sense of Western historic- exhibitions. Department Store Opened ity together with Japanese design. The Takashimaya branch in 1896 Singa-pore set a new standard in 2012 Kyoto Store Unveils Innovative luxury shopping in Asia. Shanghai Takashimaya opened Show Window A department store for quality Known as the mihonba (show 1996 lifestyle goods, located in place), this window became the Takashimaya Times Square Shanghai’s affluent Gubei residen- prototype for show windows in Opened tial district. modern department stores. Located in Tokyo’s Shinjuku district and designed to be barrier- 2016 1938 free, this store was the first retail Saigon Centre (Ho Chi Minh Establishment of Biggest store approved under the Tokyo City Takashimaya) opened Department Store Restaurant Metropolitan Govern-ment’s Heart Ho Chi Minh City Takashimaya is in the Far East Building Law*. the core tenant of the Saigon The establishment of a restaurant Center, a truly one-stop shopping was unprecedented for a depart- center that opened in Ho Chi Minh ment store City. focused on formalwear. * Heart Building Law: This law was introduced to improve access for the aged and people with disabilities to specific types of buildings. 1 CONTENTS HISTORY OF THE TAKASHIMAYA GROUP 1 PRESIDENT MESSAGE 3 MANAGEMENT PHILOSOPHY OF THE TAKASHIMAYA GROUP 5 DESCRIPTION OF BUSINESSES 6 TAKASHIMAYA GROUP STORE NETWORK 7 BOARD OF DIRECTORS, AUDITORS AND OPERATING OFFICERS 9 CORPORATE GOVERNANCE 10 TAKASHIMAYA GROUP’S GROWTH STRATEGY “Machi-dukuri” 11 DEPARTMENT STORE BUSINESSES IN JAPAN 13 GROUP BUSINESSES IN JAPAN AND OVERSEAS 15 LONG-TERM BUSINESS PLAN OF THE TAKASHIMAYA GROUP 17 CSR 18 CONSOLIDATED BALANCE SHEETS 19 CONSOLIDATED STATEMENTS OF INCOME 21 CONSOLIDATED STATEMENTS OF CASH FLOWS 22 2 PRESIDENT MESSAGE Last year, we remodeled and high-quality customer service We will attempt to maximize Takashimaya Times Square in at its department stores, which Takashimaya Singapore’s manage- Shinjuku taking advantage of the make up its core business. ment resources, know-how, and great changes to the surrounding In the real estate business, name recognition in ASEAN environment, such as the opening we will aim to create new value countries to quickly reach profit- President Message of the Shinjuku Expressway Bus together as a group with Toshin ability. Shigeru Kimoto, President Terminal. In April of this year, Development Co., Ltd. playing Although we are in an era when we opened an airport-type a central role in our Machi-dukuri the outlook for the future is urban-based duty-free shop strategy. uncertain, Takashimaya will through A&S Takashimaya Duty In the financial services business, promote the creation of customer Free Co., Ltd., a joint venture Takashimaya Credit Co., Ltd. will value and business reform by with ANA Trading Co., Ltd. and actively promote card membership incorporating digital technology We found ourselves in a difficult results for fiscal 2016 have For the Nihombashi redevelop- Hotel Shilla, Co., Ltd. to respond approvals to acquire new members and its ideas into the conventional business environment in fiscal achieved an operating income ment project, which is symbolic of to inbound demand. and promote the use of cards at business model. As a result, we 2016, but are promoting our increase for the seventh consecu- the Machi-dukuri strategy In regards to product lineups, external franchise stores with the will promote a transformation into Machi-dukuri strategy. This tive term. currently underway, we will we will utilize the variety of our aim to increase earnings. a next-generation department store comprehensive strategy by the For fiscal 2017, we will further promote redevelopment through- department stores and flexibility of Among our overseas businesses, group and aim to become a Takashimaya Group is aimed at concentrate the group's compre- out the town, and plan for the specialty stores to respond to we are preparing to open Siam corporate group that will contrib- improving customer satisfaction in hensive strengths, including our grand opening of a new urban style diversifying needs through a fresh Takashimaya in Bangkok, which is ute to enriching the lives of our commercial facilities that integrate department store, real estate, and shopping center in the spring of approach. The Takashimaya Group the third ASEAN store located in customers. We ask for your department stores and speciality finance strengths, and further 2019 which will become a bustling will continue to strengthen its Thailand, which follows the continued support and patronage. stores. promote our Machi-dukuri core location. location-based marketing in opening of Takashimaya Ho Chi As a result, consolidated business strategy. response to local customer needs Minh City in Vietnam last year. May 2017 3 PRESIDENT MESSAGE Last year, we remodeled and high-quality customer service We will attempt to maximize Takashimaya Times Square in at its department stores, which Takashimaya Singapore’s manage- Shinjuku taking advantage of the make up its core business. ment resources, know-how, and great changes to the surrounding In the real estate business, name recognition in ASEAN environment, such as the opening we will aim to create new value countries to quickly reach profit- of the Shinjuku Expressway Bus together as a group with Toshin ability. Terminal. In April of this year, Development Co., Ltd. playing Although we are in an era when we opened an airport-type a central role in our Machi-dukuri the outlook for the future is urban-based duty-free shop strategy. uncertain, Takashimaya will through A&S Takashimaya Duty In the financial services business, promote the creation of customer Free Co., Ltd., a joint venture Takashimaya Credit Co., Ltd. will value and business reform by with ANA Trading Co., Ltd. and actively promote card membership incorporating digital technology We found ourselves in a difficult results for fiscal 2016 have For the Nihombashi redevelop- Hotel Shilla, Co., Ltd. to respond approvals to acquire new members and its ideas into the conventional business environment in fiscal achieved an operating income ment project, which is symbolic of to inbound demand. and promote the use of cards at business model. As a result, we 2016, but are promoting our increase for the seventh consecu- the Machi-dukuri strategy In regards to product lineups, external franchise stores with the will promote a transformation into Machi-dukuri strategy. This tive term. currently underway, we will we will utilize the variety of our aim to increase earnings. a next-generation department store comprehensive strategy by the For fiscal 2017, we will further promote redevelopment through- department stores and flexibility of Among our overseas businesses, group and aim to become a Takashimaya Group is aimed at concentrate the group's compre- out the town, and plan for the specialty stores to respond to we are preparing to open Siam corporate group that will contrib- improving customer satisfaction in hensive strengths, including our grand opening of a new urban style diversifying needs through a fresh Takashimaya in Bangkok, which is ute to enriching the lives of our commercial facilities that integrate department store, real estate, and shopping center in the spring of approach. The Takashimaya Group the third ASEAN store located in customers. We ask for your department stores and speciality finance strengths, and further 2019 which will become a bustling will continue to strengthen its Thailand, which follows the continued support and patronage. stores. promote our Machi-dukuri core location. location-based marketing in opening of Takashimaya Ho Chi As a result, consolidated business strategy. response to local customer needs Minh City in Vietnam last year. May 2017 4 MANAGEMENT PHILOSOPHY OF THE TAKASHIMAYA GROUP Putting People First The Takashimaya group contributes to society by valuing the spirit of believing in people, loving people, and serving people. <Policies> Service that remains within the heart Contributing to creating vibrant local communities Activities trusted by the community Creation of new lifestyles and cultures that open up the future Unceasing efforts to protect the global environment <Corporate Message> New Yet Unchanging We can renew ourselves because of our tradition. We shall maintain our soothing values rooted in the era. To retain unchanged that which we wish to keep, but be flexible enough to change with the times. Our heartfelt services remain unchangeable as we discover what we must change in order to please our customers, with all our staff as one mind. This is how Takashimaya evolves. 5 DESCRIPTION OF BUSINESSES Group Organization Chart Real Estate Business Department Store Business Other Businesses Wholesale (Domestic) Consolidated Financial Statement Toshin Development Co., Ltd. Submitting Company (Domestic) Fashion Plaza Sunroser Co., Ltd. Takashimaya Co., Ltd. Good Live Co., Ltd. ※Panjo Co., Ltd. ☆Takashimaya Transcosmos ○Nato Corporation Co., Ltd. International Commers Japan (Overseas) (Domestic) Co., Ltd. ○Pierre Cardin Japan Ltd. Toshin Development Singapore Okayama Takashimaya Co., Ltd. Pte. Ltd. Gifu Takashimaya Co., Ltd.
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