三越伊勢丹フードサービス’ Self-Directed Turnaround and Capital and Business Alliance with Marunouchi Capital

「We are also offering products from OONOYA and Oonoya Shoten, whose businesses were transferred to us in April 2026, at Queen’s Isetan, with the aim of enhancing both brands’ value and expanding customer touchpoints.」

「For the shares of ㈱エムアイフードスタイル, based on a comparative analysis of the business plan at the time of acquisition and actual results in the separate financial statements, as well as a review of future business plans including the budget for the next fiscal year, the Company determined that the shares' actual value had declined significantly because the excess earning power anticipated at the time of acquisition had been impaired, and recognized an impairment loss.」

「For the shares of ㈱エムアイフードスタイル, based on a comparative analysis of the business plan at the time of acquisition and actual results in the separate financial statements, as well as a review of future business plans including the budget for the next fiscal year, the Company determined that the shares' actual value had declined significantly because the excess earning power anticipated at the time of acquisition had been impaired, and recognized an impairment loss.」

「The Company is working to expand sales channels for private-label products and food OEM orders by leveraging the strength of the 三越伊勢丹 Group, as well as to conduct campaigns for MI Card members, who are identified customers of the Group. It plans to open a new Queens Isetan Jujo store in a redevelopment area around JR Saikyo Line Jujo Station in November 2024.」

「株式会社エムアイフードスタイル, which operates the Queens Isetan food supermarket and engages in food OEM manufacturing, is using the strength of its own factories to expand OEM orders for high-quality food products. It is also pursuing a store-opening policy as part of efforts to strengthen the Group's customer touchpoints, and opened the Queens Isetan Shinkoiwa store in October in the JR Shinkoiwa Station building.」

「The company operates the Queens Isetan food supermarket, which offers a wide range of high-quality private-label products, as well as food OEM manufacturing. Amid rising prices, it is exercising strict control over expenses while working to expand sales channels for private-label products and OEM orders by leveraging the strength of the 三越伊勢丹 Group.」

「株式会社エムアイフードスタイル operates 17 stores under the Queens Isetan brand, a high-quality food supermarket centered on highly distinctive private-label products. As a new store opening, Queens Isetan Shinkoiwa is scheduled to open in October 2023.」

「株式会社エムアイフードスタイル strengthened CRM in its core food supermarket business, including by converting its cash points card into an app. It also strengthened collaboration among Group companies through its federation strategy, leading to expanded sales channels for its contract manufacturing business and the acquisition of OEM orders from external companies.」

「As the business rehabilitation plan has now reached a certain point, the Company decided to reacquire the IMFS shares from 丸の内キャピタル. Business combination date: 30 June 2022 (deemed acquisition date) …Voting rights ratio held immediately before the business combination: 33.4%; voting rights ratio additionally acquired on the business combination date: 64.9%; voting rights ratio after acquisition: 98.4%.」

「As the business rehabilitation plan has now reached a certain point, the Company decided to reacquire the IMFS shares from 丸の内キャピタル. …Voting rights ratio after acquisition: 100%」

「On 1 April 2018, the supermarket and other businesses operated by 株式会社三越伊勢丹フードサービス were transferred through a company split to 株式会社エムアイフードスタイル, a wholly owned subsidiary of the Group, and 66% of the shares in 株式会社エムアイフードスタイル were transferred to 丸の内キャピタル第二号投資事業有限責任組合, managed and operated by 丸の内キャピタル.」

「In addition, during the third quarter consolidated accounting period, 株式会社三越伊勢丹フードサービス was excluded from the scope of consolidation through an absorption-type merger in which 株式会社三越伊勢丹 was the surviving company, while 株式会社マミーナ was excluded following completion of its liquidation.」

「In April, 株式会社三越伊勢丹フードサービス spun off its supermarket and other businesses.」

「In addition to the自主再建 measures pursued in fiscal 2017, the Company aims to achieve early profit growth through a capital and business alliance with 株式会社丸の内キャピタル, which has a track record of reform in the supermarket business, under the newly established 株式会社エムアイフードスタイル.」

「As a result of 株式会社三越伊勢丹フードサービス expanding sales of high-margin products and reducing costs, operating profit improved significantly from the same quarter of the previous year. Going forward, the Company plans to achieve an early recovery through a capital and business alliance with 株式会社丸の内キャピタル, which has a track record of reform in the supermarket business. Segment net sales were ¥43,238 million, up 1.4% year on year, and operating loss was ¥211 million, compared with an operating loss of ¥713 million in the same quarter of the previous year.」

「Going forward, in addition to the自主再建 measures being pursued this fiscal year, the Company plans to achieve an early recovery through a capital and business alliance with 株式会社丸の内キャピタル, which has a track record of reform in the supermarket business.」