Opening New Food Business Stores and Remodeling Existing Stores into Food Prototype Stores

「The value-oriented format is performing well; we will continue converting stores to the price-oriented format and establishing customer loyalty.」

「In the food business, higher product prices resulting from inflation led to higher average customer spend, while the introduction of new store formats classified as value-oriented and price-oriented also proved effective, resulting in higher revenue.」

「Food business 2,100 New food supermarket openings and store renovations」

「The company reviewed the positioning and roles of approximately 230 food supermarkets. It will then develop and promote value-oriented and price-oriented store formats in response to the polarisation of customers, with the aim of expanding market share.」

「The 2 food supermarket companies renovated 3 stores during the consolidated accounting period.」

「The 3 food supermarket companies opened 1 new store and renovated 7 stores during the consolidated fiscal year.」

「During the cumulative third-quarter consolidated period, the company opened 1 new store and renovated 6 stores.」

「During the cumulative second-quarter consolidated period, the company opened 1 new store and renovated 5 stores.」

「Izumiya Co., Ltd. renovated the Daily Kanat Tenkachaya store in Osaka City, Osaka Prefecture, in June. Hankyu Oasis Co., Ltd. opened the Oasis Town Suita SST store in Suita City, Osaka Prefecture, in April, based on the themes of health, sustainability and multigenerational coexistence.」

「During the fiscal year, the company opened the Kobe-Sannomiya store in April 2021 and the Oyodominami store in Osaka City, Osaka Prefecture, in March 2022, and renovated 4 stores, including changes to merchandise assortments to address changes in trading-area needs and the introduction of basement-department-store sweets and gifts handled by department stores.」

「The company also renovated supercenter-format stores, including the Yao and Yawata stores, during the fiscal year. Although Hankyu Oasis Co., Ltd. reported lower revenue, an improved gross profit margin offset the increase in selling, general and administrative expenses, resulting in higher profit. At Hankyu Oasis Co., Ltd., ... The company also opened the Kobe-Sannomiya store during the fiscal year and renovated 4 stores, including changes to merchandise assortments and improvements to customer circulation routes to address changes in trading-area needs.」

「Food business　3,690　New Hankyu Oasis stores, Izumiya store renovation work」

「Food business　2,061　Izumiya store renovations, new Hankyu Oasis stores」

「Cash flows from investing activities included ¥18,331 million in combined expenditure on the acquisition of property, plant and equipment and intangible assets, mainly for renovation investments at Hankyu Hanshin Department Stores, the rebuilding of Izumiya stores and new supermarket openings.」

「At イズミヤ株式会社, new and rebuilt stores contributed to sales, but net sales were 99.6% of the same period of the previous year, partly because sales floor space allocated to non-food departments declined at GMS stores undergoing reorganization.」

「Capital expenditures during the current consolidated fiscal year totaled ¥32,039 million, including investments in tangible and intangible fixed assets. The expenditures primarily covered the opening of Phase I of the Hanshin Umeda Main Store rebuilding project and renovation work at Hankyu MEN’S TOKYO in the department store business; renovations of existing イズミヤ and 阪急オアシス stores and new store construction in the food business; rebuilding work at イズミヤ stores in the real estate business; and system investments, existing-store renovations and new store construction in other businesses.」

「In addition to the 3 SM-format stores, including the Abiko store where rebuilding work was completed during the previous fiscal year, Suminoe store, the first store converted from the GMS format to the SM format, opened in July, followed by Fushimi store in Kyoto Prefecture in December. All of these stores have received strong support from local customers for the freshness and prices of their food products. Similar rebuilding work is currently under way at 2 GMS-format stores, with openings targeted during the next fiscal year.」

「イズミヤ株式会社 is advancing a store reorganization plan that includes rebuilding work to improve earthquake resistance. In addition to the 3 SM-format stores, including the Abiko store in Osaka Prefecture, where rebuilding work was completed during the previous fiscal year, Suminoe store in Osaka Prefecture opened in July as the first store converted from the GMS format to the SM format. All of these stores have received strong support from local customers, and similar rebuilding work is under way at 3 additional GMS-format stores. In April, イズミヤ opened Kishisato store in Osaka Prefecture, its first new store in approximately 2 years, and the store reorganization plan is progressing steadily. 阪急オアシス newly opened 2 stores in April, Kitchen & Market LUCUA Osaka store and Nakanoshima store, both in Osaka Prefecture.」

「イズミヤ株式会社 is making substantial progress on rebuilding work under its store reorganization plan and is currently carrying out work at 4 GMS-format stores. The 3 SM-format stores, including the Abiko store in Osaka Prefecture, where rebuilding work has already been completed, are all performing steadily. In April, Kishisato store in Osaka Prefecture opened as the first new store in approximately 2 years, and the store reorganization plan is progressing steadily. 阪急オアシス newly opened 2 stores in April, Kitchen & Market LUCUA Osaka store and Nakanoshima store, both in Osaka Prefecture.」

「イズumiya株式会社 is advancing a store reorganization plan focused on reviewing its GMS stores. During the current fiscal year, rebuilding work was carried out at 6 stores, and 4 existing stores were renovated with a focus on strengthening the food business. 阪急オアシス also opened 3 stores during the current fiscal year to expand its store network within its dominant-area markets.」

「イズミヤ株式会社 renovated 4 existing stores with a focus on strengthening its food business. Rebuilding work is currently under way at 5 stores, including stores operated by カナート株式会社, and they are scheduled to open sequentially from the next fiscal year onward. 阪急オアシス opened 3 stores during the current fiscal year.」

「阪急オアシス opened 2 stores during the current fiscal year under the slogan “Your market, created by everyone,” expanding its store network within its dominant-area markets. イズミヤ株式会社 renovated 2 existing stores with a focus on strengthening its food business. In addition, rebuilding work is currently under way at 4 stores, comprising 2 GMS stores and 2 SM stores, and the store reorganization plan is progressing steadily together with stores scheduled for work during the current fiscal year.」

「株式会社阪急オアシス, which changed its corporate name from 株式会社阪食 effective 1 June 2016, opened 4 new stores, including Suita Honami store in Osaka Prefecture, and advanced the conversion of the deli and bakery departments to direct operation and store renovations.」

「イズミヤ株式会社 converted SM stores into food prototype stores and renovated 8 GMS stores, focusing on their food departments. It also continued various cost-reduction initiatives, including promotional measures and reviews of outsourcing agreements, to strengthen the sales capabilities of existing stores. In addition, 阪急オアシス continued to expand its business steadily under the slogan “Your market, created by everyone,” opening 3 stores in Osaka Prefecture and 1 store in Kyoto Prefecture during the current fiscal year.」

「イズミヤ株式会社 converted SM stores into food prototype stores and renovated 7 GMS stores, focusing on their food departments. It also continued various cost-reduction initiatives, including promotional measures and reviews of outsourcing agreements, to strengthen the sales capabilities of existing stores. In addition, 阪急オアシス continued to expand its business steadily under the slogan “Your market, created by everyone,” opening 2 stores in Osaka Prefecture during the current fiscal year.」

「Under the slogan “Your market, created by everyone,” the Company continued to expand the scale of the business, including opening 2 stores in Osaka Prefecture during the current fiscal year. In addition, イズミヤ株式会社 converted 2 stores into food prototype stores to strengthen its sales capabilities, with a focus on food.」