Strengthening Profitability Through Focused Investment in the Main Store

「During the consolidated fiscal year, we made ¥384 million in capital investments overall, mainly in the department-store business. We invested ¥384 million in facility work and other projects associated with maintaining and managing the building at our flagship store.」

「During the consolidated fiscal year, we made ¥714 million in capital investments overall, mainly in the department-store business. In the department-store business, ¥714 million was invested primarily in facility work associated with maintaining and managing the building at our flagship store.」

「During the consolidated fiscal year, we made ¥1,010 million in capital investments overall, mainly in the department-store business. In the department-store business, ¥1,010 million was invested primarily in facility work associated with maintaining and managing the building at our flagship store.」

「At the main store, while food and household goods have remained firm, we are promoting initiatives including the expansion of independently merchandised zones, a strength of department stores, and regional revitalization, in order to pursue the qualities that distinguish department stores and differentiate ourselves from other commercial facilities.」

「During the consolidated fiscal year, we made ¥409 million in capital investments overall, mainly in the department-store business. In the department-store business, ¥409 million was invested primarily in facility work associated with maintaining and managing the building at our flagship store.」

「At the flagship store, consumption gradually began to recover after the lifting in March of the priority preventive measures against the spread of the disease in Fukuoka Prefecture. With strong-performing categories such as high-priced merchandise continuing to drive results, we pursued initiatives that leveraged the strengths of a department store in order to differentiate ourselves from other commercial facilities. On the basement food floor, Torisanwa opened, offering prepared chicken dishes centered on regional specialty breeds including Nagoya Cochin. On the eighth floor of the main building, Ginchasaryo, a creative Japanese restaurant, opened and has been very well received by many customers.」

「As part of the expansion of our independently curated zones, we opened B. more, a total-beauty select shop focused on integrating beauty, health and fashion, in March on the women's apparel floor on the fourth floor of the main building. In April, we opened Stand up on the men's apparel floor on the fifth floor of the main building, selecting apparel and miscellaneous goods from domestic and international brands that embody the makers' commitment to materials, design and production methods unaffected by trends.」

「During the consolidated fiscal year, we made ¥1,095 million in capital investments overall, mainly in the department-store business. In the department-store business, ¥922 million was invested primarily in renewing the sales floors at our flagship store.」

「At the flagship store, we strengthened strong-performing categories, including high-priced merchandise and products related to spending at home, while continuing to pursue various regional revitalization initiatives to stimulate local consumption during the COVID-19 pandemic.」

「At the flagship store, we strengthened strong-performing categories, including high-priced merchandise and products related to spending at home. As part of our sales initiatives in this challenging environment, we also continued to expand sales channels to address changes in customers’ lifestyles during the COVID-19 pandemic and to make greater use of digital tools.」

「As sales initiatives in this challenging environment, we continued to strengthen strong-performing categories, including high-priced merchandise and products related to spending at home.」

「During the consolidated fiscal year, we made ¥76 million in capital investments overall, mainly in the department-store business. In the department-store business, ¥75 million was invested primarily in renewing the sales floors at our flagship store.」

「During the consolidated fiscal year, we made ¥2,553 million in capital investments overall, mainly in the department-store business. In the department-store business, ¥2,391 million was invested primarily in renewing the sales floors at our flagship store, and ¥155 million was invested in renewing the sales floors at 株式会社山口井筒屋.」

「At the flagship store, we opened the Tiffany shop on the first floor of the main building and the Omega shop on the second floor in September, strengthening our luxury-brand offering. Many customers visited from the opening dates, and the shops have been very well received. Sales also remained strong, particularly for high-priced merchandise, driven by front-loaded demand ahead of the consumption-tax increase. In October, we renewed the food zone in the basement of the main building, including 和作 and ポンパドウル. Although sales of high-priced merchandise declined after the consumption-tax increase, performance remained steady, supported in part by the effects of the renewal work that began in the spring. In November, we continued the renewal program by reopening the three cosmetics brands Dr.Ci:Labo, shu uemura and PAUL & JOE on the first floor of the main building, and opening the Polo Golf shop on the sixth floor of the new building.」

「At the flagship store, the company has continued since early spring to pursue a major renovation, including the expansion of strong-performing categories and the introduction of popular brands. In June, 11 cosmetics brands reopened following refurbishment, and in July the new brands Tom Ford Beauty and Jo Malone London were introduced, enhancing the appeal of the ground floor.」

「The main building is positioned as a department store that pursues the high-quality product range and service traditionally associated with department stores, and efforts have been made to strengthen strong-performing categories. In cosmetics, 3 new shops were introduced to expand the brand lineup to one of the largest in Kyushu. On the sixth floor, independently curated zones were expanded, including “Kitakyu Columbus (キタキュウ　コロンブス),” offering new discoveries about the region’s attractions, and “kurasina (クラシナ),” featuring lifestyle goods themed around Japanese tradition and beauty, with a distinctive product range. On the basement food floor, 6 new shops opened, mainly offering prepared foods and Japanese confectionery.」

「During the current consolidated fiscal year, the Group made capital expenditures totaling ¥739 million, primarily in the department store business. In the department store business, ¥697 million was invested mainly in renovating sales floors at our flagship store, and ¥36 million in renovating sales floors at ㈱山口井筒屋.」

「At the flagship store, a Rolex shop opened on the first floor of the main building in October, strengthening the range of luxury brands. To mark the 20th anniversary of the annex, the company held an “Anniversary Fair” in September and a “Grand Appreciation Sale” in October, offering numerous initiatives and products exclusive to the annex.」

「On the sixth floor of the main building, a standalone shop for the jewelry brand Gimel was opened, offering sophisticated designs that have been well received, particularly by sales-customer clients. On the first floor, the popular brand Bobbi Brown was opened, further strengthening the cosmetics business, which has continued to perform well.」

「At the main store, efforts were made to enhance the product lineup and develop retail spaces suited to changing lifestyles, including the renovation of the grocery section in the basement of the main building and the opening of the outdoor lifestyle brand Montbell on the first floor of Shikozu’s.」

「In the current fiscal year, the second year of the plan, we have focused investment on our flagship store, a core source of Group earnings, and worked to strengthen its earnings capacity by renovating the independently curated zones on the upper floors and introducing popular brands to the lower floors.」