Reduction of Izumiya Shopping Center’s Directly Operated Business and Conversion to Shopping Center Format
First written in FY2021. 12 of 14 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「At 株式会社エイチ・ツー・オー商業開発, which operates Izumiya shopping centers, the food truck business was fully launched on the occasion of opening a location at Expo 2025 Osaka-Kansai, and initiatives were undertaken to strengthen contact with local communities and customers outside the stores.」
The commercial facilities business’s conversion to shopping-center operations and community engagement expanded into a food truck business prompted by an Expo location and efforts to create customer touchpoints outside the stores. - 2026-03-18AdvancedChanges in Directors and Officers
「Accelerating decision-making and action through a leaner organization ・Improving operational efficiency and deepening expertise by consolidating and integrating overlapping functions ・Clarifying missions and roles through name changes For these purposes, we will make the following organizational changes.」
In connection with the contraction of directly operated businesses and shift toward shopping-center operations at the commercial-facilities operating company, the company disclosed an organizational reorganization effective 1 April 2026 involving the abolition of an administrative division, functional integration, name changes and the transfer of an external-sales division. The reorganization is making concrete the creation of an organization responsible for shopping-center operations and greater operating efficiency. - FY2025AdvancedAnnual report
「株式会社エイチ・ツー・オー商業開発 invested in refurbishments to strengthen ties with local communities and enhance the appeal of its facilities, and renovated Kanart Mall Suminodo and Izumiya Shopping Center Gakuenmae.」
In addition to measures to convert to shopping-center operations and reduce directly operated operations, 2 facilities were renovated to strengthen ties with local communities and enhance facility appeal. - FY2024-Q2AdvancedAnnual report
「Although revenue declined due to the reduction of directly operated sales floors and the closure of Izumiya shopping centers, initiatives to increase tenant sales and the installation of new event spaces progressed ahead of plan, while expense controls also contributed to higher profit.」
At Izumiya shopping centers, directly operated sales floors were reduced and stores were closed, while profit increased through higher tenant sales, new event spaces, and expense controls. - FY2024-Q1AdvancedAnnual report
「The commercial facilities business reported gross sales of ¥8,087 million, down 88.7% year on year, and operating profit of ¥1,020 million, up 171.2% year on year. 株式会社エイチ・ツー・オー 商業開発, which operates Izumiya shopping centers, sells apparel and household-related products, and manages tenants, worked to strengthen profitability, optimise expenses, and deepen ties with local communities. Initiatives to increase tenant sales and the installation of new event spaces exceeded plan, but profit declined due to the reduction of directly operated sales floors and the closure of Izumiya shopping centers.」
The commercial facilities business pursued stronger profitability, expense optimisation, ties with local communities, higher tenant sales, and the installation of new event spaces. The business as a whole reported operating profit of ¥1,020 million, while factors reducing profit at the commercial development business included the reduction of directly operated sales floors and store closures. - FY2023AdvancedAnnual report
「By reducing directly operated operations and promoting conversion to shopping-center operations, we achieved an operating profit in fiscal 2021, two years ahead of the original schedule, and operating profit increased further in fiscal 2022. We will further improve profitability.」
Izumiya SC achieved an operating profit in fiscal 2021 through the reduction of directly operated operations and conversion to shopping-center operations, followed by higher operating profit in fiscal 2022. - FY2023-Q3AdvancedAnnual report
「The commercial facilities business reported gross sales of ¥27,494 million, down 79.1% year on year, and operating profit of ¥1,681 million, up 441.3% year on year. At 株式会社エイチ・ツー・オー 商業開発, which sells apparel and household-related products and manages tenants at Izumiya stores, revenue declined as directly operated sales floors were reduced, but profit increased as operating efficiency improved and costs were reduced.」
The commercial facilities business continued to reduce directly operated sales floors and cut costs through greater operating efficiency, increasing operating profit from ¥380 million in the previous fiscal year to ¥1,681 million. - FY2023-Q2AdvancedAnnual report
「The commercial facilities business reported gross sales of ¥17,497 million, down 71.2% year on year, and operating profit of ¥867 million, compared with an operating loss of ¥6 million in the previous fiscal year. At 株式会社エイチ・ツー・オー 商業開発, which sells apparel and household-related products and manages tenants at Izumiya stores, revenue declined as directly operated sales floors were reduced, but profit increased as operating efficiency improved and costs were reduced.」
The commercial facilities business continued to reduce directly operated sales floors and cut costs through greater operating efficiency, improving from an operating loss of ¥6 million to operating profit of ¥867 million. - FY2023-Q1AdvancedAnnual report
「At 株式会社エイチ・ツー・オー 商業開発, which sells apparel and household-related products and manages tenants at Izumiya stores, revenue declined as directly operated sales floors were reduced, but profit increased as operating efficiency improved and costs were reduced.」
The commercial facilities business continued to reduce directly operated sales floors and improve operating efficiency and costs, increasing operating profit from ¥23 million in the previous year to ¥596 million. - FY2022AchievedAnnual report
「By reducing directly operated operations and promoting conversion to shopping-center operations, we achieved an operating profit in fiscal 2021, one year ahead of the original schedule, and will further improve profitability.」
Izumiya SC achieved an operating profit in fiscal 2021, one year ahead of the original schedule, through the reduction of directly operated sales floors and their conversion to tenant spaces. - FY2022-Q3AdvancedAnnual report
「Commercial facilities business 1,498 H2O 商業開発: promoting conversion to shopping-center operations」
The commercial facilities business invested ¥1,498 million in promoting conversion to shopping-center operations and continued to implement measures including the reduction of directly operated operations and conversion to tenant spaces. - FY2022-Q2AdvancedAnnual report
「Although the downsizing of company-operated sales areas resulted in a substantial decline in revenue, profit increased as the company advanced cost reductions and converted space to tenant-operated areas.」
The reduction of directly operated sales floors and their conversion to tenant spaces at Izumiya stores led to improved profitability in the commercial facilities business. The policy of converting to shopping-center operations is reflected in results through cost reductions and higher profit from the conversion to tenant spaces. - FY2022-Q1AdvancedAnnual report
「Commercial facilities business 598 H2O 商業開発: promoting conversion to shopping-center operations」
The commercial facilities business invested ¥598 million in promoting H2O 商業開発’s conversion to shopping-center operations. - FY2021First statedAnnual report
「We will improve profitability by reducing directly operated operations and promoting the conversion to shopping-center operations, while also promoting activities to deepen our “ties with local communities” and increase customer mindshare.」
For Izumiya Shopping Centers operated by H2O 商業開発, the policy of reducing directly operated operations and promoting conversion to shopping-center operations was stated explicitly for the first time.