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Native name | 株式会社髙島屋 |
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Romanized name | Kabushiki gaisha Takashimaya |
| Company type | PublicKK |
| TYO:8233 | |
| Industry | Retailing |
| Founded | January 10, 1831; 195 years ago (1831-01-10) |
| Founder | Shinshichi Iida |
| Headquarters | Nankai Building,Chūō-ku,, |
Areas served | Japan Singapore Mainland China Taiwan Thailand Vietnam |
Key people | Yoshio Murata [jp](President)[1] |
| Services | Department stores E-commerce |
| Revenue | JPY 761.1 bn (2022) |
| JPY 4.1 bn (2022) | |
| JPY 5.3 bn (2022) | |
| Total assets | JPY 979.6 bn (2014) |
| Total equity | JPY 408.5 bn (2014) |
| Owner | JTSBinvestment trusts (10.44%) H2O Retailing (cross ownership) (9.31%) TMTBJ investment trusts (6.09%) Nippon Life (2.79%) Kyōeikai (1.94%) Sotetsu (1.35%) (as of 28 Feb 2015) |
Number of employees | 7,223 (2022) |
| Website | takashimaya |
| Footnotes / references Financial data per"Fact Book". Takashimaya. Archived fromthe original on 9 June 2015. Retrieved9 June 2015. | |
Takashimaya Company, Limited (株式会社髙島屋,Kabushiki-gaisha Takashimaya;Japanese pronunciation:[ta.ka.ɕi.ma.ja][2]) is a Japanesemultinational corporation operating adepartment store chain selling a wide array of products, ranging from wedding dresses and other apparel to electronics and flatware. It has more than 12 branches in Japan located in 2 regions, and 4 international branches in Asia.
Takashimaya is a member of theSanwa Groupkeiretsu.
The first Takashimaya store was opened in Kyoto in 1831 as asole proprietorship owned by Shinshichi Iida, a merchant from present-dayFukui Prefecture.[3] The original store in Kyoto was only 3.6 square meters in area and specialized in sellinggofuku (formalkimono). A second Kyoto store opened in 1893, followed by a Tokyo store in 1897 and an Osaka store in 1898.[4] Takashimaya was incorporated as agomei kaisha (unlimited liability company) in 1909 and converted to akabushiki kaisha (stock company) in 1919.[5]
Takashimaya began an export business in 1876, following theMeiji Restoration, and established an in-house trading unit in 1887.[3] By 1903 Takashimaya had offices in Paris and London and an export office in Yokohama.[4] The trading unit was spun off as a new stock company, Takashimaya-Iida (高島屋飯田株式会社), in 1913.[3] Takashimaya-Iida later merged with the trading companyMarubeni.[6]
The chain saw a major expansion in the early 1930s. In 1931 it opened a "10, 20 and 50 sen store" inOsaka, a predecessor of today's100 yen store. Its flagship store inNamba, Osaka opened in 1932, and a second flagship store inNihonbashi,Tokyo opened in 1933. The Tokyo and Osaka stores were damaged by the firebombings of Tokyo and Osaka in 1945 but were not destroyed, and served as centers for logistics during theoccupation of Japan.[5] Due to postwar regulations on the size of new stores, many Takashimaya locations opened from the 1950s onward, including itsYokohama andYonago stores, were set up as separate companies.[4]
In 1958, Takashimaya opened a store inNew York City which eventually occupied 37,000 square feet of floor space at 693Fifth Avenue. The New York store closed in 2010 as Takashimaya chose to refocus on East and Southeast Asian markets amid struggling sales.[7]
In 1969, Takashimaya opened Japan's first American-style suburbanshopping center nearFutako-Tamagawa Station, to the southwest of Tokyo.[4]
The Japanese department store industry went through a wave of consolidation during a revenue slump in the 2000s, withIsetan Mitsukoshi Holdings (parent ofMitsukoshi andIsetan) becoming the largest player in the industry, followed byJ. Front Retailing (parent ofDaimaru Matsuzakaya Department Stores). In 2008, Takashimaya announced plans to merge withH2O Retailing, the parent of the Osaka-basedHanshin Department Store andHankyu Department Store chains, which would have formed the largest department store operator in Japan. Takashimaya and H2O entered into a cross-shareholding relationship prior to the merger, with each acquiring 10% of the other's stock, but announced the cancellation of their merger in 2010.[8]
In 2019, the company announced it would closing its mainland China store inShanghai on August 25,[9] but retracted its decision after it gained support from local governments.[10]
Takashimaya was a member of theInternational Association of Department Stores from 1962 to 1997.
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