Expansion into Overseas Markets and Hankyu Department Store’s Entry into China for the Next Decade
First written in FY2017. 10 of 15 entries say "Advanced", first in FY2018-Q3. Latest entry: 2026-08-04.
- 2026-08-04Cited as achievedEarnings presentation
「Ningbo Hankyu* continued to see strong demand for high-priced goods from affluent customers and remained on a trajectory exceeding 10% year-on-year growth (*transferred from the Other Segments to the Commercial Facilities Segment from 1Q FY2026).」
Ningbo Hankyu's China business was reaffirmed as delivering higher sales on the back of strong demand for high-priced goods from affluent customers. - FY2026AdvancedAnnual report
「Specifically, in the overseas customer business, we have been working to establish an overseas VIP customer cycle, including by increasing the number of VIP customer-assistance staff and generating reciprocal customer referrals through alliances with leading companies, primarily in Asia, with the aim of building a sustainable earnings model that is not affected by the external environment.」
The overseas business policy has been made more specific through increases in VIP customer-assistance staff, reciprocal customer referrals with Asian companies, the development of products and experiences unique to Japan, and marketing across Asia. - FY2026-H1RestatedAnnual report
「Sales and profit increased, reflecting solid performance by the specialty-store subsidiaries and the inclusion of Ningbo Hankyu Commercial in consolidation from the previous interim consolidated accounting period.」
The post-consolidation performance of Ningbo Hankyu Commercial was reiterated, together with the solid performance of the specialty-store subsidiaries, as a factor behind higher sales and profit in Other Businesses. - FY2025AdvancedAnnual report
「Ningbo Hankyu Commercial Co., Ltd., which became a consolidated subsidiary during the current period, saw sales struggle in the first half amid sluggish consumption in the Chinese market, but returned to a sales growth trend from autumn 2024 as the benefits of the renovation took effect.」
After becoming a consolidated subsidiary, Ningbo Hankyu returned to a sales growth trend from autumn 2024 as the renovation took effect despite the downturn in the Chinese market. - FY2025-H1AdvancedAnnual report
「As the Ningbo Hankyu business has been performing at a pace exceeding the initial plan, we agreed to exercise the rights based on our expectation that it would become a profitable business going forward. Accordingly, we decided to acquire all shares held by Cool Japan Fund, Inc., making Ningbo Development a subsidiary and Ningbo Hankyu Commercial a second-tier subsidiary. ... Voting rights ratio after acquisition: 95.6%.」
Based on the explanation that the Ningbo Hankyu business was performing above the initial plan, the company additionally acquired shares in Ningbo Development on 20 May 2024, making it a subsidiary with a 95.6% voting rights ratio. Ningbo Hankyu Commercial was also included in the scope of consolidation. - FY2023-Q3RestatedAnnual report
「Expansion into new markets: Establishing the Ningbo Hankyu business and expanding operations across Ningbo and Zhejiang Province」
The company has reiterated the establishment of the Ningbo Hankyu business and expansion into Ningbo and Zhejiang Province as key initiatives under its new medium-term management plan. - FY2022AdvancedAnnual report
「First, we will establish the Ningbo Hankyu business, which opened in April 2021, as the leading store in the region. In coordination with Hankyu Umeda Main Store, we will provide high-end and Japan-related content to affluent and upper-class customers in Ningbo and Zhejiang Province, while developing e-commerce and related businesses.」
The company has presented a specific overseas business plan centered on establishing Ningbo Hankyu as the leading store in the region, coordinating with Hankyu Umeda Main Store, offering products and services for affluent customers, and expanding its e-commerce and related businesses. - FY2022-Q1AdvancedAnnual report
「Expansion into new markets: Establishing the Ningbo Hankyu business and expanding operations across Ningbo and Zhejiang Province」
In addition to establishing the Ningbo Hankyu business following its opening, the overseas business identified expansion throughout Ningbo and Zhejiang Province as a priority initiative for fiscal 2021–2023. - FY2021AdvancedAnnual report
「To put the commercial facility Ningbo Hankyu, which opened in April 2021 in Ningbo, Zhejiang Province, China, on a growth trajectory, we are strengthening sales activities targeting affluent and upper-class customers, particularly by coordinating merchandise, services and information with the Hankyu flagship store.」
The commercial facility Ningbo Hankyu opened in China in April 2021, and the business advanced to the stage of pursuing a transition to a growth trajectory through coordination with the Hankyu flagship store. - FY2020-Q1AdvancedAnnual report
「From the current first-quarter consolidated accounting period, the newly established 全聯阪急麵包股份有限公司 has been included in the scope of application of the equity method.」
In connection with overseas expansion, a newly established company was included in the scope of application of the equity method, documenting that overseas operations had advanced to the stage of establishing and investing in new companies. - FY2018-Q3AdvancedAnnual report
「During the current third-quarter consolidated accounting period, the newly established 水水（中国）投资有限公司 was included in the scope of consolidation. The company is a specified subsidiary of our company.」
In connection with overseas expansion, a Chinese investment company was newly established and advanced to the stage of being included in the scope of consolidation as a specified subsidiary. - FY2017First statedAnnual report
「We will formulate and implement plans to expand into new business areas and enter overseas markets over the next decade.」
The company has identified overseas expansion as a plan for the next decade and presented Hankyu Department Store’s entry into China as a major long-term project among the issues to be addressed.