Narrowing Growth Businesses and Developing Them into Self-Sustaining Core Businesses
First written in FY2017. 5 of 10 entries say "Advanced", first in FY2019. Latest entry: FY2026.
83 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In the financial business, we will leverage our customer base and the department store customer flow to expand the business while enriching products in the card and financial services areas. In addition to broadening the membership base through "MI Card Basic," launched in March 2025, we will expand our earnings base by further enhancing new financial services.」
The Group is developing its growth businesses into self-sustaining core businesses by expanding card and financial services, broadening the membership base and strengthening the earnings base. - 2026-05-13AdvancedEarnings
「After repeated discussions with our joint-venture partner regarding the optimal allocation of capital by the Company and the nature of a partnership that would contribute to the sustainable growth and, ultimately, enhancement of the corporate value of Shin Kong Mitsukoshi, we decided to transfer our shares in Shin Kong Mitsukoshi to Shin Kong Capital.」
The company is advancing a specific portfolio reorganization involving the transfer of its stake in Shin Kong Mitsukoshi as it reviews capital allocation in its overseas business. - FY2022-Q1AdvancedAnnual report
「To create new customer experience value at existing department stores going forward, it is necessary to consolidate functions and expertise within the existing department store business organization for the development of 株式会社三越伊勢丹 and the Group's regional department stores based on a strategy of creating mixed-use commercial facilities that includes real estate tenants, rather than relying solely on proposals based on conventional department store merchandising. Accordingly, in addition to operating the various commercial facilities managed by the existing 株式会社三越伊勢丹プロパティ・デザイン, we will transfer to that organization the work related to the commercial operation of real estate tenants at department store locations.」
The Group is advancing the use of real estate and commercial facilities as a growth area through the transfer of the commercial facilities business and the development of mixed-use commercial facilities. - FY2021-Q3AdvancedAnnual report
「Our Group has identified "strengthening the real estate business" as one of the priority initiatives in its three-year plan and is considering businesses aimed at expanding earnings over the medium to long term through the effective use of Group-owned real estate. Specifically, we are advancing initiatives to create mixed-use developments centered on commercial facilities, primarily on our real estate holdings, and plan to allocate management resources preferentially to this area going forward.」
The policy of treating real estate as a growth area has been made concrete through the allocation of resources, following the transfer of the property management business, to mixed-use developments centered on commercial facilities and based on the Group's real estate holdings. - FY2021-Q2ReframedAnnual report
「Our Group has identified "strengthening the real estate business" as one of the priority initiatives in its three-year plan and is considering businesses aimed at expanding earnings over the medium to long term through the effective use of Group-owned real estate. Specifically, we are advancing initiatives to create mixed-use developments centered on commercial facilities, primarily on our real estate holdings, and plan to allocate management resources preferentially to this area going forward.」
The policy of treating real estate as a growth area has been made concrete through the development of mixed-use properties centered on commercial facilities and based on the Group's real estate holdings, with priority allocation of management resources clearly identified. - FY2020ReframedAnnual report
「At present, department stores account for most of our business composition, resulting in a business portfolio centered on retail. Going forward, we will consider reorganizing the business portfolio, reallocating resources to develop and expand other businesses, and restructuring the corporate organization.」
In addition to the previous policy of narrowing the focus of growth areas, the Group is expanding its consideration to include reorganizing the department store-centered portfolio itself, developing and expanding other businesses, and restructuring the corporate organization. - FY2019AdvancedAnnual report
「Priority initiative ② "Expansion of the real estate and overseas businesses" To maximize the value of the real estate held by our Group, we will consider participating in redevelopment projects and developing new businesses. In Japan, we will consider operating new commercial facilities following those in Yokohama and Kokubunji. Overseas, in addition to projects following our ongoing retail and real estate collaboration in the Philippines, we will proactively consider initiatives including the development of medium-sized stores and participation in new real estate development projects, while also exploring collaboration with other companies.」
The policy of focusing growth areas on real estate and overseas business has been made concrete through expansion into domestic commercial facilities, projects in the Philippines, medium-sized stores and new real estate development. - FY2018-Q2ReframedAnnual report
「To achieve growth, we will transform our business structure by focusing on the following areas, where we can leverage our management resources: 1. Revitalizing core stores 2. Real estate redevelopment 3. Digital transformation 4. Overseas business」
The focus of growth businesses has been reorganized from real estate, cards and EC to 4 focus areas: revitalizing core stores, real estate redevelopment, digital transformation and overseas business. - FY2018-Q1RestatedAnnual report
「To continue contributing as a growth business, we are considering opportunities to create profitable businesses by leveraging the Group's prime real estate holdings in Japan and overseas.」
The Group continues to pursue its policy of strengthening real estate as a growth business and EC as a growth area. In the card business, it is also expanding external usage and partnerships. - FY2017First statedAnnual report
「We will focus on the real estate business, which leverages the Group's prime real estate holdings; the card business, which has an established customer base and accumulated expertise; and the EC business, which is expected to grow. We will concentrate management resources, including on infrastructure reinforcement and M&A, and develop these businesses into self-sustaining core businesses at an early stage.」
The Group has clarified for the first time its policy of focusing growth businesses on real estate, cards and EC, and developing them into self-sustaining core businesses through the concentrated allocation of resources, including to infrastructure reinforcement and M&A.