Revitalizing Department Stores and Strengthening the Group's Earnings Base
First written in FY2021. 4 of 10 entries say "Reframed", first in FY2022. Latest entry: FY2026.
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- FY2026ReframedAnnual report
「The management targets and priorities for fiscal 2026 are as follows. [Management target] Achieve the Medium-Term Management Plan through the full strength of the group — complete the groundwork for realizing the grand design.」
The final year of the medium-term plan, including the revitalization of the department store business and strengthening of the earnings base, was redefined as a year for achieving the plan through the full strength of the group and completing the groundwork for the grand design. - 2026-04-28Cited as achievedOther Disclosures
「Disclosure of the “areas of business expansion” and respective numerical targets toward the fiscal 2031 targets in the three growth areas: next-generation shopping centers, Vietnam and finance」
As a response reflecting dialogue with shareholders, the company disclosed next-generation shopping centers, Vietnam and finance as the three growth areas, together with expansion areas and numerical targets toward the fiscal 2031 goals. - FY2025AdvancedAnnual report
「The transition to next-generation shopping centers is an important initiative under town development. … We will work to maximize the appeal of our facilities.」
The policy of revitalizing the department store business and maximizing group profits was made more concrete through the transition to next-generation shopping centers, mutual utilization of group resources and enhancement of experiential value. - FY2025-Q1ReframedAnnual report
「To achieve this, we formulated a new Medium-Term Management Plan for fiscal 2024–2026 and have positioned its first year as an important year in which to steadily implement measures to achieve the group's sustainable growth. We established three management priorities: promoting ESG management, securing, developing and enabling employees to play an active role, and advancing town development.」
Following achievement of the Three-Year Plan's operating profit target, the company reorganized its management objectives around sustainable growth under the Medium-Term Management Plan for fiscal 2024–2026 and three priorities: ESG, human resources and town development. - FY2024-Q1ReframedAnnual report
「In fiscal 2022, the Takashimaya Group (the “Company”) achieved, one year ahead of schedule, the operating profit target under its Three-Year Plan, whose final year is fiscal 2023. We regard fiscal 2023 as an extremely important year for laying the management foundation for further sustainable growth and a major leap forward.」
Following the early achievement of the Three-Year Plan's operating profit target, the company repositioned fiscal 2023 as a year for laying the management foundation for sustainable growth and a major leap forward. - FY2023-Q3RestatedAnnual report
「Against this backdrop, the Takashimaya Group (the “Company”) is pursuing its comprehensive group strategy, “Town Development” (the “Town Development Strategy”), and working to transform the department store's earnings structure and maximize group profits toward sustainable growth.」
The company is continuing its policy of transforming the department store's earnings structure and maximizing group profits under the Three-Year Plan for fiscal 2021–2023. - FY2023-Q1RestatedAnnual report
「Although sales at our core department store business have recovered, they remain below pre-pandemic levels, making the development of a management structure capable of generating stable profits an urgent priority. Based on this recognition, under the Three-Year Plan (fiscal 2021–2023) currently being pursued, we are working to transform the department store's earnings structure and maximize group profits.」
The company is continuing its Three-Year Plan for fiscal 2021–2023, aimed at revitalizing the department store business and maximizing group profits. Although department store sales have recovered, they remain below pre-pandemic levels. - FY2022ReframedAnnual report
「[Management targets] “Building a new department store operating model*” and “Maximizing group profits” — Transforming people, products and capital — * Reforming the expense structure and strengthening sales capabilities centered on merchandising」
The company reorganized its previous objective of revitalizing the department store business and strengthening the group's earnings base into building a new department store operating model, maximizing group profits, and transforming people, products and capital. - FY2022-Q1AdvancedAnnual report
「To turn the current crisis caused by the COVID-19 pandemic into an opportunity for transformation and connect it to sustainable growth across the group, revitalizing the department store business, our core business, is an urgent priority. In April this year, we formulated a Three-Year Plan (fiscal 2021–2023) centered on revitalizing the department store business and began initiatives to reform the cost structure, strengthen sales capabilities through an attractive product lineup, and rebuild relationships with customers.」
With revitalizing the department store business identified as an urgent priority, the company formulated a Three-Year Plan for fiscal 2021–2023 and began cost structure reforms, efforts to strengthen sales capabilities and initiatives to rebuild customer relationships. - FY2021First statedAnnual report
「For our group to continue growing, we believe it is essential to revitalize the department store business, the source of our brand value, and strengthen the group's earnings base. … [Management targets] “Revitalizing the department store business and strengthening the group's earnings base”」
The company identified revitalizing the department store business and strengthening the group's earnings base as new management targets following the pandemic.