Isetan Mitsukoshi Holdings

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Isetan Mitsukoshi Holdings Ltd.

Native name	株式会社三越伊勢丹ホールディングス
Company type	Public (K.K)
Traded as	TYO: 3099
Founded	April 1, 2008; 16 years ago (2008-04-01)
Headquarters	Shinjuku, Tokyo , Japan
Products	Retail trade
Revenue	¥418 billion (2022)
Operating income	¥5.9 billion (2022)
Net income	¥12.3 billion (2022)
Total assets	¥1,168 billion (2022)
Owner	The Master Trust Bank of Japan (11.20%) Shimizu Construction (1.63%) Wacoal (0.33%) Matsuya (0.18%) JR West (0.12%) Japan Airlines (0.10%) Shochiku (0.08%) Ichibata Electric Railway (0.01%)
Number of employees	9,691
Subsidiaries	Isetan-Mitsukoshi Ltd.
Website	imhds.co.jp

Isetan Mitsukoshi Holdings Ltd. (株式会社三越伊勢丹ホールディングス, Kabushiki-gaisha Mitsukoshi Isetan Hōrudingusu) (TYO: 3099) is a holding company with the Mitsukoshi and Isetan department stores as its wholly owned subsidiaries.

Operations

Mitsukoshi department store in Nihombashi, Chuo-ku, Tokyo, Japan

In August 2007, Isetan Co. Ltd. and Mitsukoshi Ltd. announced that the two companies "have agreed to merge and form a new holding company" in April 2008.^[1]

On 9 January 2010, Nobukazu Muto (b. 1945), the company's chairman and chief executive officer died.^[2]

As of 2012, Hiroshi Onishi was the president and chief executive officer of Isetan Mitsukoshi Holding.^[3]

On 26 July 2013, the company announced that, in the first quarter of 2013, it net profits increased by 11.4 percent due to increased sales and lower expenses.^[4]

References

^ Furukawa, Tsukasa (August 24, 2007). "Isetan, Mitsukoshi Join Forces". WWD. Retrieved 8 August 2013.
^ Hirano, Koji (January 9, 2010). "Isetan Mitsukoshi Chief Muto Dead At 64". WWD. Retrieved 8 August 2013.
^ Wetherille, Kelly (December 14, 2012). "Japan's Consumers Brace for Election". WWD. Retrieved 8 August 2013.
^ Wetherille, Kelly (1 August 2013). "Isetan Mitsukoshi Q1 Net Grows 11.4%". WWD. Retrieved 2 August 2013.