Store renovations and expansion of the e-commerce business
First written in FY2017. 8 of 19 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2025-H1.
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- FY2025-H1AdvancedAnnual report
「The store business reported higher revenue, driven by higher revenue in the supermarket business due to increased customer numbers and new store openings, as well as solid performance in the convenience store and drugstore businesses.」
Driven by new supermarket openings and strong performance in the convenience store and drugstore businesses, operating revenue in the distribution business increased 5.2% year on year, while operating income increased 5.4%. - FY2023AdvancedAnnual report
「In the store business, we renovated the sales areas at the Keio Store Hachimanyama and Inagi stores, including by strengthening the prepared-foods and frozen-foods sections. We also opened 20 Seven-Eleven Japan Co., Ltd. franchise stores, including Keio Fuchu Station.」
In addition to renovating stores, we opened 20 Seven-Eleven franchise stores, advancing the expansion of the retail business's store network. - FY2022AdvancedAnnual report
「In the store business, we entered into a business alliance agreement with Seven-Eleven Japan Co., Ltd. concerning the franchising of station kiosks and convenience stores, and opened 12 stores, including Seven-Eleven Keio Chofu Station. We also opened 3 franchise stores operated by Matsumoto Kiyoshi Co., Ltd., including Kusuri Matsumoto Kiyoshi Keio Horinouchi Station.」
As part of our retail store initiatives, we opened 12 stores through our partnership with Seven-Eleven and 3 stores through the Matsumoto Kiyoshi franchise. - FY2022-Q2Improving business conditions and the impact of adopting accounting standardsAnnual report
「The department store business improved from the same period of the previous year despite admission restrictions due to the sharp increase in new infections in August and the impact of requests to refrain from going out, but revenue declined due to the adoption of the Accounting Standard for Revenue Recognition and other standards. In the store business, sales of food and other products remained solid, as in the previous year, but revenue declined due to the adoption of the Accounting Standard for Revenue Recognition and other factors.」
Business conditions in the department store business improved year on year, and sales of food and other products remained solid in the store business, but reported operating revenue declined due to the adoption of the revenue recognition accounting standard and other standards. - FY2021-Q3Deterioration in resultsAnnual report
「The department store and shopping center businesses reported lower revenue due to the impact of requests to refrain from going out, reduced operating hours and temporary closures, although demand for food and other products was recovering. In the store business, although the supermarket business reported higher revenue, overall revenue declined. As a result, operating revenue was ¥95.448 billion, down 23.7% year on year, and operating income was ¥442 million, down 88.8%.」
Although demand for food and the supermarket business showed signs of recovery, the department store, shopping center and store businesses as a whole reported lower revenue due to requests to refrain from going out, reduced operating hours, temporary closures and other factors. - FY2021-Q2Deterioration in resultsAnnual report
「Although demand for food and other products was recovering steadily in the department store and shopping center businesses, revenue declined due to reduced operating hours, temporary closures and the reaction to the surge in demand before the previous year's consumption tax rate increase. In the store business, although the supermarket business reported higher revenue, overall revenue declined due to reduced operating hours, temporary closures and the impact of requests to refrain from going out in the convenience store and kiosk businesses.」
While demand for food was recovering and the supermarket business reported higher revenue, the department store, shopping center, convenience store and kiosk businesses reported lower revenue due to reduced operating hours, temporary closures, requests to refrain from going out and other factors. - FY2021-Q1Deterioration in resultsAnnual report
「The department store and shopping center businesses reported lower revenue due to reduced operating hours, temporary closures and the impact of requests to refrain from going out. In the store business, although the supermarket business reported higher revenue, the convenience store and kiosk businesses reported lower revenue due to reduced operating hours, temporary closures and other factors.」
In the retail and commercial facilities businesses, the supermarket business reported higher revenue, while the department store, shopping center, convenience store and kiosk businesses reported lower revenue due to reduced operating hours, temporary closures and the impact of requests to refrain from going out. - FY2020AdvancedAnnual report
「In the store business, we renovated the Keio Store Takahata store, including by strengthening its prepared-foods section. We also opened the K-SHOP convenience stores at Tobitakyu and Shimokitazawa, respectively.」
In addition to store renovations and e-commerce collaboration initiatives, the business progressed to renovating the Takahata store and opening 2 K-SHOP stores. - FY2020-Q3RestatedAnnual report
「Meanwhile, the store business reported higher revenue, mainly due to contributions from stores opened in the previous fiscal year.」
We reconfirmed that the store business reported higher revenue due to contributions from stores opened in the previous fiscal year. - FY2020-Q1RestatedAnnual report
「The store business also reported higher revenue, mainly due to contributions from stores opened in the previous fiscal year.」
We reconfirmed that the store business reported higher revenue due to contributions from stores opened in the previous fiscal year. - FY2019AdvancedAnnual report
「In the store business, we opened the Keio Store Express Fuchu store, targeting mainly dual-income households and people living alone. In the shopping center business, we reopened the Keio Fuchu Shopping Center following its renewal as Purarito Keio Fuchu.」
In the retail and commercial facilities businesses, we opened new stores and renovated existing facilities. These initiatives also contributed to higher revenue in the store and shopping center businesses. - FY2019-Q3RestatedAnnual report
「The department store business reported higher revenue, mainly due to solid inbound sales. The store and shopping center businesses also reported higher revenue, mainly due to contributions from stores opened in the previous fiscal year.」
We reconfirmed that the store and shopping center businesses reported higher revenue due to contributions from stores opened in the previous fiscal year. - FY2019-Q2RestatedAnnual report
「The department store business reported higher revenue, mainly due to solid inbound sales. The store and shopping center businesses also reported higher revenue, mainly due to contributions from stores opened in the previous fiscal year.」
We reconfirmed that the store and shopping center businesses reported higher revenue due to contributions from stores opened in the previous fiscal year. - FY2019-Q1RestatedAnnual report
「The department store business reported higher revenue, mainly due to strong inbound sales. The store and shopping center businesses also reported higher revenue, mainly due to contributions from stores opened in the previous fiscal year.」
We reconfirmed that the store and shopping center businesses reported higher revenue due to contributions from stores opened in the previous fiscal year. - FY2018AdvancedAnnual report
「We also opened new satellite stores at Kirarina Keio Kichijoji and Trie Keio Chofu, respectively. Through the use of e-commerce and collaboration with the Shinjuku store, the new stores allow customers to order and purchase products not stocked on the sales floor.」
The business advanced from renovating existing sales areas and expanding the e-commerce business to opening e-commerce-linked satellite stores at 2 facilities. - FY2018-Q3RestatedAnnual report
「The store business also reported higher revenue, mainly due to contributions from new and renovated stores.」
We reconfirmed the higher revenue generated by new and renovated stores in the store business as a continuation of the previous quarter's performance. - FY2018-Q2AdvancedAnnual report
「The store business also reported higher revenue, mainly due to contributions from new and renovated stores.」
Higher revenue in the store business, driven by contributions from new and renovated stores, indicates that the effects of the store initiatives were reflected in performance. - FY2018-Q1AdvancedAnnual report
「The department store business reported higher revenue, reflecting the effects of renovations to sales areas and other factors. The store business also reported higher revenue, mainly due to contributions from renovated stores.」
We confirmed that renovations to department-store sales areas and store renovations contributed to higher revenue, indicating that the effects of the renovation initiatives are being reflected in performance. - FY2017First statedAnnual report
「In the department store business, we renovated the Keio Department Store Shinjuku store to create a high-quality retail environment and expand its selection of general merchandise, including the opening of a Rolex Boutique next to the main entrance on the first floor. We also made Selecture Co., Ltd. a subsidiary in the e-commerce business to develop new operations and expand our customer base.」
In addition to renovating department stores and other stores and strengthening their product ranges, we are expanding the e-commerce business and customer base by making Selecture Co., Ltd. a subsidiary.