Capital Investment and Store Remodeling under a 3-Year Plan
First written in FY2016. 11 of 14 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
Isetan Mitsukoshi Holdings moved to the "Worse" side of this theme in 2020.
The whole theme swung hardest in 2020: 1 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「During the consolidated fiscal year, we made total capital investments of ¥34,141 million, mainly in the department store business. We plan to invest approximately ¥38,700 million in major facilities, renovations and other projects during the 1 year following the consolidated fiscal year.」
We made capital investments of ¥34.141 billion and plan to invest approximately ¥38.7 billion over the following 1 year. We plan to invest ¥28.7 billion in remodeling and other projects at Mitsukoshi Isetan. - FY2025AdvancedAnnual report
「During the consolidated fiscal year, we made total capital investments of ¥32,085 million, mainly in the department store business.」
We made ¥32,085 million of capital investments in stores, systems and other areas, and plan to invest approximately ¥37,500 million over the following 1 year, including ¥27,300 million for remodeling and other projects at Mitsukoshi Isetan. - FY2022AdvancedAnnual report
「During the consolidated fiscal year, we made total capital investments of ¥27,767 million, mainly in the department store business. We plan to invest approximately ¥25,600 million in major facilities, renovations and other projects during the 1 year following the consolidated fiscal year.」
We invested ¥27.767 billion during the fiscal year and presented a capital investment plan of approximately ¥25.6 billion for the following 1 year. - FY2022-Q3AdvancedAnnual report
「At our regional department stores as well, Matsuyama Mitsukoshi underwent its first major renovation in 30 years in October and reopened as a hub for sophisticated, high-quality consumption in the area. Through collaboration with the local community, we are expanding our content and offering lifestyle solutions, aiming to deliver a high-quality customer experience with newly added facilities including a hotel, fitness center and aging-care park.」
Matsuyama Mitsukoshi underwent its first major renovation in 30 years and reopened, advancing toward a customer-experience-focused store featuring a hotel, fitness center and aging-care park, among other facilities. - FY2021ReframedAnnual report
「We plan to invest approximately ¥25,200 million in major facilities, renovations and other projects during the 1 year following the consolidated fiscal year.」
The investment plan for the following 1 year was reset at approximately ¥25.2 billion, compared with the previous fiscal year, when plans for major facilities and renovations remained undecided amid the pandemic. This is below the investment levels and planned amounts through the previous fiscal year. - FY2020SoftenedAnnual report
「With no clear prospects for the containment of COVID-19 or the subsequent economic recovery, and with many uncertain factors making forecasting difficult, plans for the construction or renovation of major facilities and other projects have not yet been determined.」
Although ¥38,055 million was invested during the fiscal year, plans for the construction and renovation of major facilities remain undecided because of uncertainty surrounding the pandemic and the economy. - FY2019AdvancedAnnual report
「During the consolidated fiscal year, we made total capital investments of ¥56,526 million, mainly in the department store business. We plan to invest approximately ¥47,000 million in major facilities, renovations and other projects during the 1 year following the consolidated fiscal year.」
We made capital investments of ¥56.526 billion and plan to invest approximately ¥47.0 billion over the following 1 year. The department store business invested ¥44.575 billion in renovations and other projects at its stores. - FY2018AdvancedAnnual report
「During the consolidated fiscal year, we made total capital investments of ¥38,446 million, mainly in the department store business.」
Capital investment totaled ¥38.446 billion during the fiscal year, up from ¥34.2 billion in the previous fiscal year. We plan to invest approximately ¥52.0 billion over the following 1 year, including ¥33.0 billion for remodeling and other projects at Mitsukoshi Isetan. - FY2017AdvancedAnnual report
「During the consolidated fiscal year, we made total capital investments of ¥34,200 million, mainly in the department store business. The main breakdown is as follows.」
We made capital investments of ¥34.2 billion during the fiscal year and plan to invest approximately ¥44.0 billion in major facilities, renovations and other projects in the following fiscal year. - FY2017-Q2AdvancedAnnual report
「At our Group department stores outside the Tokyo metropolitan area, Nagoya Mitsukoshi is successively renovating the Sakae Main Store and the adjacent specialty retail facility LACHIC. We will create Nagoya's premier sophisticated fashion mall, where 3 generations of a family can enjoy themselves, by operating the 2 buildings as a single commercial facility, SAKAE Fashion Mall. As the first phase, the Watch & Jewelry section on the 6th floor of the Sakae store reopened in October after a refresh, on one of the largest scales in the Chubu region.」
The integrated remodeling plan for the Nagoya Mitsukoshi Sakae store and LACHIC is under way, with the 6th floor of the Sakae store reopening after a refresh in October as the first phase. - FY2017-Q1AdvancedAnnual report
「At our Group department stores, we remodeled and reopened the Marui Imai Sapporo Main Store and Sapporo Mitsukoshi last fiscal year. In April, FUKUOKA DUTY FREE TENJIN, an airport-style downtown duty-free store, opened inside Fukuoka Mitsukoshi. We also plan to remodel the Nagoya Mitsukoshi Sakae store, strengthening our operating base with a focus on regional major cities.」
The note describes the remodeling of 2 stores in Sapporo, the opening of a downtown duty-free store in Fukuoka, and the planned remodeling of the Nagoya Sakae store. - FY2016First statedAnnual report
「Based on the Mitsukoshi Isetan Group's three-year plan (fiscal 2016–fiscal 2018), we will pursue capital investment in line with the following priority strategies. …As of the end of the consolidated fiscal year, the planned investment in major facilities, renovations and other projects was approximately ¥50,000 million.」
Identified customer value, customer touchpoints, productivity and stronger foundations as priority strategies, and indicated planned investment of approximately ¥50 billion.