Food supermarket consolidation and development of new formats under the Greater Tokyo Area food strategy
First written in FY2020. 7 of 12 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025Recognition of losses from the withdrawal from the online supermarket businessAnnual report
「Losses related to the businesses of affiliated companies resulted from the withdrawal from the online supermarket business and were as follows.」
For the online supermarket business developed under the Greater Tokyo food strategy, the company recognized impairment losses and other losses of ¥46,416 million in connection with its withdrawal, shifting from its previous policy of developing centers and infrastructure to the actual withdrawal phase. - FY2025-H1ReframedAnnual report
「Losses related to the businesses of affiliated companies resulted from the withdrawal from the online supermarket business and were as follows.」
During the interim consolidated accounting period, the company recognized losses related to the businesses of affiliated companies of ¥45,877 million in connection with the withdrawal from the online supermarket business, moving away from its previous direction of developing online supermarket centers and strategic investment infrastructure. - FY2025-Q1AdvancedAnnual report
「Ito-Yokado has made planned progress in its fundamental transformation to improve profitability. Using strategic investment infrastructure such as process centers and central kitchens, including the Peace Deli Chiba Kitchen, which began operations on 27 February 2024, it has worked to improve product quality and store operating efficiency, including by launching the new prepared-food brand “YORK DELI.”」
The Greater Tokyo superstore reorganization progressed to the use of strategic investment infrastructure such as the Peace Deli Chiba Kitchen and the launch of the new prepared-food brand “YORK DELI.” - FY2024AdvancedAnnual report
「As part of efforts to accelerate the focus of its store network on the Greater Tokyo area, the company entered into agreements in February 2024 with York-Benimaru, Daiichi and OIC Group concerning the transfer of operations and other matters for certain stores in the Hokkaido, Tohoku and Shinetsu areas.」
The strategy of increasing the focus on the Greater Tokyo area was translated into the execution of agreements with multiple companies concerning the transfer of operations and other matters for certain stores in the Hokkaido, Tohoku and Shinetsu areas. - FY2024-Q3AdvancedAnnual report
「As part of these efforts, the company completed an absorption-type merger effective 1 September 2023, under which Ito-Yokado was the surviving company and York the absorbed company. By maximizing synergies and operating efficiency between the two companies, it is working to strengthen sales capabilities, reduce selling, general and administrative expenses, and improve productivity. In addition, it is developing strategic investment infrastructure, including process centers and online supermarkets.」
Following the completion of the absorption-type merger between Ito-Yokado and York, the company is working to strengthen sales capabilities, reduce selling, general and administrative expenses and improve productivity, while developing strategic investment infrastructure such as process centers and online supermarkets. - FY2024-Q2AchievedAnnual report
「To maximize synergies and operating efficiency in their Greater Tokyo superstore businesses, Ito-Yokado and York completed an absorption-type merger effective 1 September 2023, under which Ito-Yokado was the surviving company and York the absorbed company.」
The integration and reorganization of the Greater Tokyo superstore business was completed on 1 September 2023 through an absorption-type merger under which Ito-Yokado was the surviving company and York the absorbed company. - FY2024-Q1AdvancedAnnual report
「To maximize synergies and operating efficiency in their Greater Tokyo superstore businesses, Ito-Yokado and York entered into a merger agreement effective 16 June 2023, under which Ito-Yokado would be the surviving company and York the absorbed company.」
The integration and reorganization of the Greater Tokyo superstore business was translated into the execution of a merger agreement under which Ito-Yokado would be the surviving company and York the absorbed company. - FY2023AdvancedAnnual report
「The company carried out the integration and reorganization of the Greater Tokyo superstore businesses of Ito-Yokado, York and other companies to maximize synergies and operating efficiency in the Greater Tokyo area, its area of focus.」
The Greater Tokyo food strategy was expanded into structural transformation, including the integration and reorganization of the businesses of Ito-Yokado, York and other companies and the development of process centers, central kitchens and online supermarket centers. - FY2021-Q3RestatedAnnual report
「To strengthen the group’s response to the Greater Tokyo food market, the group reorganized its Greater Tokyo food supermarket business, including transferring 15 Foodkan stores and 5 The Price stores from Ito-Yokado to York. It will continue opening stores suited to regional characteristics and making various proposals tailored to customers’ lifestyles.」
The company reconfirmed its policy of continuing store openings and proposals suited to regional characteristics, based on the reorganization of the Greater Tokyo food supermarkets and the transfer of 15 Foodkan stores and 5 The Price stores. - FY2021-Q2AdvancedAnnual report
「To strengthen the group’s response to the Greater Tokyo food market, the group reorganized its Greater Tokyo food supermarket business, including transferring 15 Foodkan stores and 5 The Price stores from Ito-Yokado to York.」
For the Greater Tokyo food strategy, Ito-Yokado transferred 15 Foodkan stores and 5 The Price stores to York, and the company reorganized its food supermarket business. - FY2021-Q1AdvancedAnnual report
「York Mart opened York Foods Chiharadai on 13 May as the first store embodying the group’s Greater Tokyo food strategy, which it has positioned as one of its growth strategies. Effective 1 June, the company changed its corporate name to York Co., Ltd. and reorganized its Greater Tokyo food supermarket business to strengthen the group’s response to the food market in the Greater Tokyo area.」
The first store under the Greater Tokyo food strategy opened on 13 May, followed by the corporate name change effective 1 June and the reorganization of the Greater Tokyo food supermarket business. - FY2020First statedAnnual report
「Effective 1 June 2020, York Mart changed its corporate name to York Co., Ltd. Under the new company, the group reorganized the 20 “Foodkan” and “The Price” stores operated by Ito-Yokado in the Greater Tokyo area together with “Comfort Market,” which Forecast had been operating on a trial basis. The group will seek to maximize synergies by establishing new store formats suited to the Greater Tokyo market and strengthening integrated merchandising across manufacturing, distribution and retail.」
For the Greater Tokyo food strategy, the company first presented a specific reorganization plan involving York Mart’s name change, the integration of 20 Foodkan and The Price stores, a new store format and integrated manufacturing, distribution and retail merchandising.