Maximizing the Appeal of the Neighborhood and Facility through a Community Development Strategy

「At "Tamagawa Takashimaya S.C.," a renovation project is under way with the aim of transforming it into a new landmark for the community, with the grand opening scheduled for fiscal 2027. In March last year, a large "LED Cube" was installed on the South Building facade facing Futako-Tamagawa Station as an information display, showing art and seasonal imagery to create vibrancy and a sense of openness. In April of the same year, the food court "P." opened on West Building Street.」

「At "Tamagawa Takashimaya S・C," where renovation work is under way, the food court "P." opened on West Building Street in April. Comprising 4 stores that showcase diverse cultures and styles, it is creating a new shopping environment that connects the sidewalk, the space, and the community.」

「The "next-generation shopping center" has 3 features. The first is "creating reasons to visit by introducing new content." The second is "equipping the center with functions as social infrastructure for the community." The third is "making greater use of the department store."」

「"Community development" is based on 2 concepts. The first is "fulfilling our role as an anchor for the community" and the second is "maximizing the appeal of facilities." We bring together the expertise of each group business, including commercial development, financial services, dining, and EC, to develop commercial facilities that are unique to us and focused on customer satisfaction.」

「"Community development" is based on 2 concepts. The first is "fulfilling our role as an anchor for the community" and the second is "maximizing the appeal of facilities." We bring together the expertise of each group business, including commercial development, financial services, dining, and EC, to develop commercial facilities that are unique to us and focused on customer satisfaction. In other words, our concept of community development does not mean real estate development alone. Every product, service, and space provided by the group forms part of "community development."」

「In addition, "Kyoto Takashimaya S.C." opened on 17 October. Our unique business model is to create commercial facilities by flexibly combining high-quality offerings within the group, including department stores and specialty stores as well as financial and dining services. Following the opening, many customers from Japan and overseas visited, and the increase in next-generation customers aged 30 and under and customers from wider areas has led to the realization of synergies with the department store. We will also pursue higher experiential value in physical locations and attract new customer segments by creating attractive, community-rooted shopping centers, including the renovated "Tachikawa Takashimaya S.C.," which reopened on 14 November.」

「At "Nagareyama-Otakanomori S・C," we fully reopened the commercial facility "TX Grand Avenue Otakanomori" in May, utilizing the space beneath the elevated Tsukuba Express Nagareyama-Otakanomori Station, in order to further enhance the appeal of the community. In June, we launched "Otakanomori LOOP" as a new community hub providing places and opportunities for interaction among local residents.」

「In addition, at "Nagareyama-Otakanomori S・C," we fully reopened the commercial facility "TX Grand Avenue Otakanomori" in May, utilizing the space beneath the elevated Tsukuba Express Nagareyama-Otakanomori Station, in order to further enhance the appeal of the community. At "Kyoto Takashimaya S.C.," scheduled to open in October, the specialty-store zone was named "T8," and the 51 stores to open there were determined.」

「In June, we newly opened "Nagareyama-Otakanomori S・C ANNEX 2" and "GREEN PATH." The 4-year project to concentrate commercial functions around Nagareyama-Otakanomori Station as a forest town center was provisionally completed. Going forward, we will seek to expand area-wide development under the community development strategy, centered on the commercial functions created through this project. In Japan, we are planning to open "Kyoto Takashimaya S.C.," a commercial facility consisting of department stores and specialty stores, in autumn 2023 by introducing a specialty-store zone with new functions and services in the expanded area of the Kyoto Takashimaya store.」

「In June, we newly opened "Nagareyama-Otakanomori S・C ANNEX 2" and "GREEN PATH." The 4-year project to concentrate commercial functions around Nagareyama-Otakanomori Station as a forest town center was provisionally completed. Going forward, we will seek to expand area-wide development under the community development strategy, centered on the commercial functions created through this project.」

「Amid these circumstances, at "Nagareyama-Otakanomori S・C," which marked its 15th anniversary in March, "Nagareyama-Otakanomori S・C ANNEX 2" opened on 30 June to add new appeal to the community, completing the 4-year project to concentrate commercial functions around Nagareyama-Otakanomori Station as a forest town center.」

「In November last year, in addition to opening the mixed-use office building "Azalea Terrace" in front of Nagareyama-Otakanomori Station, we acquired a residential facility in Meguro-ku, Tokyo. In December of the same year, we issued the ESG bond "髙島屋 Group Green Bond," whose proceeds were earmarked for environmentally friendly businesses. We are pursuing asset diversification, including the opening of the green building "Nihombashi 3-chome Square," funded through the bond proceeds.」

「In addition, in November, we opened a mixed-use office building in front of Nagareyama-Otakanomori Station and acquired a residential facility in Meguro-ku, Tokyo, thereby pursuing asset diversification. These initiatives will contribute to the advancement of the community development strategy and lead to the generation of stable profits.」

「While positioning the department store business as the core business of the community development strategy, we have positioned 東神開発株式会社, which operates the commercial development business, as the driving force and are promoting hub development and business development.」

「The community development strategy consists of 2 concepts. One is fulfilling the role of an anchor that creates flows throughout the community through hub development, and the other is maximizing the appeal of facilities through business development.」

「In addition, with 東神開発株式会社, which is responsible for the commercial development business, serving as the driving force, we will work to restructure the businesses of our group, including the department store business, by advancing the community development strategy.」

「Against this backdrop, we are promoting the group's comprehensive "community development strategy." While serving as an anchor for the community, we have maximized the appeal of the community and facilities by creating synergies with group companies, including 東神開発株式会社, which has a commercial development function, and by integrating department stores and specialty stores within a single facility.」

「In Japan, 日本橋店, the main building of 日本橋髙島屋S.C., completed its renovation and held its grand opening in March.」

「While serving as an anchor for the community, we maximized the appeal of the community and facilities through the collective capabilities of the group, including 東神開発株式会社, which has a commercial development function, and by integrating department stores and specialty stores within a single facility. 日本橋髙島屋Ｓ.Ｃ., a new symbol of the community development strategy, opened in September, and its grand opening is scheduled for March 2019.」

「Against this backdrop, we promoted the group's comprehensive strategy, the "community development strategy," and strengthened our sales capabilities. While serving as an anchor for the community, we maximized the appeal of the community and facilities through the collective capabilities of the group, including 東神開発株式会社, which has a commercial development function, and by integrating department stores and specialty stores within a single facility. In March of this year, we opened the East Building of "日本橋髙島屋Ｓ.Ｃ.," a new symbol of the community development strategy, and proceeded with preparations for the September opening of 日本橋髙島屋Ｓ.Ｃ.」

「Against this backdrop, we promoted the group's comprehensive strategy, the "community development strategy," and strengthened our sales capabilities. While serving as an anchor for the community, we maximized the appeal of the community and facilities through the collective capabilities of the group, including 東神開発株式会社, which has a commercial development function, and by integrating department stores and specialty stores within a single facility. In March of this year, we opened the East Building of "日本橋髙島屋Ｓ.Ｃ.," a new symbol of the community development strategy.」

「We have advanced initiatives to maximize the appeal of the community and facilities as a unified 髙島屋 Group, including serving as an anchor that draws people to the entire community, leveraging the creative capabilities of 東神開発株式会社, which has a commercial development function, integrating department stores and specialty stores within a single facility, and creating sales floors that capitalize on the strengths of each.」

「Against this backdrop, we have promoted the group's comprehensive strategy, the "community development strategy," and worked to strengthen our sales capabilities. While serving as an anchor that draws people to the entire community, we have leveraged the creative capabilities of 東神開発株式会社, which has a commercial development function as one of its core businesses, to integrate department stores and specialty stores within a single facility, thereby working as a unified 髙島屋 Group to maximize the appeal of the community and facilities.」

「We have worked to maximize the appeal of the community and facilities by serving as an anchor that draws people to the entire community, leveraging the creative capabilities of 東神開発株式会社, which is responsible for the commercial development function of our core business, and integrating department stores and specialty stores.」

「We have worked to maximize the appeal of our facilities by combining department stores and specialty stores, while serving as an anchor that draws people to the entire community and leveraging the creative capabilities of 東神開発株式会社, which is responsible for the commercial development function of our core business.」

「In addition to serving as an anchor that draws people to the community, we worked to maximize the appeal of the facility by using the development and production capabilities of 東神開発株式会社, which operates the core commercial developer business, to integrate department stores and specialty stores.」

「Our Group has promoted the "Machizukuri Strategy" to maximize the appeal of communities and facilities, centered on department stores, through co-creation with local communities and by leveraging the expertise of 東神開発株式会社, which is responsible for the Group's real estate business, and has worked to improve performance.」