Takashimaya Explained
| Takashimaya Company, Limited |
| Native Name: | 株式会社髙島屋 |
| Native Name Lang: | ja |
| Romanized Name: | Kabushiki gaisha Takashimaya |
| Type: | Public KK |
| Industry: | Retailing |
| Founder: | Shinshichi Iida |
| Hq Location: | Nankai Building, Chūō-ku |
| Hq Location City: | Osaka |
| Hq Location Country: | Japan |
| Areas Served: | Japan
Singapore
China
Taiwan
Thailand
Vietnam |
| Key People: | (President)[1] |
| Services: | Department stores
E-commerce |
| Num Employees: | 7,223 |
| Num Employees Year: | 2022 |
| Revenue: | JPY 761.1 bn |
| Revenue Year: | 2022 |
| Operating Income: | JPY 4.1 bn |
| Income Year: | 2022 |
| Net Income: | JPY 5.3 bn |
| Net Income Year: | 2022 |
| Assets: | JPY 979.6 bn |
| Assets Year: | 2014 |
| Equity: | JPY 408.5 bn |
| Equity Year: | 2014 |
| Owner: | JTSB investment trusts (10.44%)
H2O Retailing (cross ownership) (9.31%)
TMTBJ investment trusts (6.09%)
Nippon Life (2.79%)
Kyōeikai (1.94%)
Sotetsu (1.35%)
(as of 28 Feb 2015) |
| Footnotes: | Financial data per Web site: Fact Book. Takashimaya. 9 June 2015. dead. https://web.archive.org/web/20150609095447/http://www.takashimaya.co.jp/corp/ir/factbook/index2.html. 9 June 2015. |
is a Japanese multinational corporation operating a department store chain carrying a wide array of products, ranging from wedding dresses and other apparel to electronics and flatware. It has more than 12 branches strategically located in 2 regions, and 4 international branches around Asia.
Takashimaya has been a member of the International Association of Department Stores from 1962 to 1997.
Takashimaya was listed at #1197 on the Forbes Global 2000 list for 2006.[2]
Takashimaya is a member of the Sanwa Group keiretsu.
History
The first Takashimaya store was opened in Kyoto in 1831 as a sole proprietorship owned by Shinshichi Iida, a merchant from present-day Fukui Prefecture.[3] The original store in Kyoto was only 3.6 square meters in area and specialized in selling gofuku (formal kimono). A second Kyoto store opened in 1893, followed by a Tokyo store in 1897 and an Osaka store in 1898.[4] Takashimaya was incorporated as a gomei kaisha (unlimited liability company) in 1909 and converted to a kabushiki kaisha (stock company) in 1919.[5]
Takashimaya began an export business in 1876, following the Meiji Restoration, and established an in-house trading unit in 1887. By 1903 Takashimaya had offices in Paris and London and an export office in Yokohama. The trading unit was spun off as a new stock company,, in 1913. Takashimaya-Iida later merged with the trading company Marubeni.[6]
The chain saw a major expansion in the early 1930s. In 1931 it opened a "10, 20 and 50 sen store" in Osaka, a predecessor of today's 100 yen store. Its flagship store in Namba, Osaka opened in 1932, and a second flagship store in Nihonbashi, Tokyo opened in 1933. The Tokyo and Osaka stores were damaged by the firebombings of Tokyo and Osaka in 1945 but were not destroyed, and served as centers for logistics during the occupation of Japan. Due to postwar regulations on the size of new stores, many Takashimaya locations opened from the 1950s onward, including its Yokohama and Yonago stores, were set up as separate companies.
In 1958, Takashimaya opened a store in New York City which eventually occupied 37,000 square feet of floor space at 693 Fifth Avenue. The New York store closed in 2010 as Takashimaya chose to refocus on East and Southeast Asian markets amid struggling sales.[7]
In 1969, Takashimaya opened Japan's first American-style suburban shopping center near Futako-Tamagawa Station, to the southwest of Tokyo.
The Japanese department store industry went through a wave of consolidation during a revenue slump in the 2000s, with Isetan Mitsukoshi Holdings (parent of Mitsukoshi and Isetan) becoming the largest player in the industry, followed by J. Front Retailing (parent of Daimaru Matsuzakaya Department Stores). In 2008, Takashimaya announced plans to merge with H2O Retailing, the parent of the Osaka-based Hanshin Department Store and Hankyu Department Store chains, which would have formed the largest department store operator in Japan. Takashimaya and H2O entered into a cross-shareholding relationship prior to the merger, with each acquiring 10% of the other's stock, but announced the cancellation of their merger in 2010.[8]
In 2019, the company announced it would closing its mainland China store in Shanghai on August 25,[9] but retracted its decision after it gained support from local governments.[10]
Stores
Directly owned
- Kansai
- Osaka - Nankai Building 1–5, Namba Gochome, Chuo-ku, Osaka, the north side of Nankai Railway Namba Station
- Semboku - Panjo, 1-3-1, Chayamadai, Minami-ku, Sakai, near Semboku Rapid Railway Izumi-Chuo Station
- Kyoto - 52, Shincho, Shijo-dori Kawaramachi Nishi-hairu, Shimogyo-ku, Kyoto (Kawaramachi Station on the Hankyu Railway Kyoto Line is connected underground.)
- Rakusai - Rakuseine, 5-5, Oharano Higashi-Sakaidanicho Nichome, Nishikyo-ku, Kyoto, near Rakusai Bus Terminal (Kyoto Municipal Bus, Keihan Kyoto Kotsu, Hankyu Bus)
- Kanto
- Nihombashi - 4–1, Nihombashi 2-chome, Chuo, Tokyo, the historical structure selected by Tokyo Metropolitan Government, near Nihombashi Station (Tokyo Metro, Toei Subway)
- Shinjuku - Shinjuku Takashimaya Times Square, 24–2, Sendagaya Gochome, Shibuya, connected with the South Gate of JR East Shinjuku Station and with Shinjuku-sanchome Station on the Tokyo Metro Fukutoshin Line.
- Tamagawa - the core tenant of Tamagawa Takashimaya Shopping Center in 17–1, Tamagawa Sanchome, Setagaya, near Tokyu Futako-Tamagawa Station
- Tachikawa - Faret Tachikawa, 39–3, Akebonocho Nichome, Tachikawa, near Tama Monorail Tachikawa-Kita Station
- Yokohama - Takashimaya Building, Sotetsu Joinus in the same location as Yokohama Station on the Sotetsu Main Line, 6-31, Minami-saiwai Itchome, Nishi-ku, Yokohama
- Omiya - 32, Daimoncho Itchome, Omiya-ku, Saitama the east side of Omiya Station (JR East, Saitama New Urban Transit, Tobu Railway)
- Kashiwa - Takashimaya Station Mall, 3–16, Suehirocho, Kashiwa, Chiba the West side of Kashiwa Station (JR East, Tobu Railway)
Subsidiaries
- Takasaki Takashimaya - 45, Asahicho, Takasaki, the west of Takasaki Station (JR East, Joshin Railway)
- Gifu Takashimaya - 25, Hinodecho Nichome (Yanagase), Gifu
- Okayama Takashimaya - 6-40, Hommachi, Kita-ku, Okayama, near JR West Okayama Station
- Yonago Takashimaya - 30, Kakubancho Itchome, Yonago
Domestic joint venture
- JR Nagoya Takashimaya - JR Central Towers, 1–4, Meieki 1-chome, Nakamura-ku, Nagoya, in the east side of JR Central Nagoya Station, joint venture with JR Central.
- Iyotetsu Takashimaya - 4, Minatomachi Itchome, Matsuyama, the same location as Iyotetsu Matsuyamashi Station, joint venture with Iyo Railway Co., Ltd.
Closed domestic stores
International joint-ventures
- Takashimaya Singapore - 391 Orchard Road, Singapore, joint venture with Ngee Ann Kongsi agreed upon in 1988, store located inside Ngee Ann City.
- Shanghai Takashimaya - 1438, Hongqiao Road, Changning District, Shanghai, China.
- Takashimaya Vietnam - 65 Le Loi Boulevard, Saigon Centre Planning Area, Ben Nghe Ward, District 1, Ho Chi Minh City, joint venture with Keppel Corporation, store located inside Saigon Centre.
- Siam Takashimaya - 299 Charoen Nakhon Road, Bangkok, Thailand, joint venture with Siam Piwat. Two stores are located inside Iconsiam shopping mall and Siam Premium Outlet Bangkok in Samut Prakan provinces.
Former international stores/joint-ventures
- Dayeh Takashimaya - Tianmu, Taipei, Taiwan, joint venture between Dayeh Group and Takashimaya. Takashimaya reported had sold its 50% stake, thus Dayeh Takashimaya was not mentioned in their corporate website, stating that Takashimaya are no longer affiliated with the joint-venture.[11] Until today, the store is still operating independently using the 'Takashimaya' brand.
Closed international stores
- New York City Takashimaya - New York City, United States - Opened in 1958, the store eventually occupied 37,000 square feet of space at 693 Fifth Avenue. The store was closed in 2010 and the space was last occupied by a Burberry trench coat pop-up store which closed in May 2023.
See also
External links
Notes and References
- Web site: Company Profile Leadership & Governance President Message . 2024-01-09.
- https://www.forbes.com/lists/2006/18/Country_7.html The World's Biggest Public Companies - Forbes.com
- Web site: Takashimaya Archives 1831-1908. Takashimaya. 9 June 2015. 7 April 2016. https://web.archive.org/web/20160407161950/http://www.takashimaya.co.jp/archives/history/index.html. dead.
- Web site: Takashimaya Company, Limited History. International Directory of Company Histories, Vol. 47. St. James Press, 2002. 9 June 2015.
- Web site: Takashimaya Archives 1909-1945. Takashimaya. 9 June 2015. 17 January 2022. https://web.archive.org/web/20220117154411/https://www.takashimaya.co.jp/archives/history/p02.html. dead.
- Web site: Marubeni Corporation History. International Directory of Company Histories, Vol. 24. St. James Press, 1999. 9 June 2015.
- Web site: Pasquarelli. Adrianne. Upscale department store Takashimaya closing. Crain's. 9 June 2015. 25 March 2010.
- News: Uranaka. Taiga. Japan dept stores Takashimaya and H2O cancel merger. 9 June 2015. Reuters. 25 March 2010.
- Web site: Takashimaya to close Shanghai store, pulling out of China. Nikkei Asian Review. 2019-06-25. 2019-06-25.
- Web site: Takashimaya store to remain open. SHINE. en. 2019-10-28.
- Web site: Takashimaya to sell stake in Taipei department store - Taipei Times. 19 May 2016.
