July 11, 2014 8:34 PM ET

Food and Staples Retailing

Company Overview of Ito-Yokado Co., Ltd.

Company Overview

Ito-Yokado Co., Ltd. operates superstores, convenience stores, and restaurants in Japan, China, Canada, and the United States. The company operates superstores that offer consumer goods and food; convenience stores that sell food, apparel, and household goods; and restaurants. It also conducts banking and credit card operations. Ito-Yokado Co., Ltd. was formerly known as Yokado Co., Ltd. and changed the name to Ito-Yokado Co., Ltd. in March, 1971. was founded in 1920 and is headquartered in Tokyo, Japan. Ito-Yokado Co., Ltd. operates as a subsidiary of Seven & I Holdings Co., Ltd.

8-8, Nibancho

Chiyoda-ku

Tokyo,  102-8450

Japan

Founded in 1920

15,633 Employees

Phone:

81 3 6238 2111

Fax:

81 3 6238 3492

Key Executives for Ito-Yokado Co., Ltd.

Chairman
Age: 81
Representative Director
Age: 80
Founder
Age: 90
Chief Financial Officer
Age: 70
Member of Corporate Committee and President of IY Bank
Age: 73
Compensation as of Fiscal Year 2014.

Ito-Yokado Co., Ltd. Key Developments

Ito-Yokado Co., Ltd. Presents at 2014 World Retail Congress, Jul-03-2014 03:00 PM

Ito-Yokado Co., Ltd. Presents at 2014 World Retail Congress, Jul-03-2014 03:00 PM. Venue: Shanghai Province, China. Speakers: Tomihiro Saegusa, Managing Executive Officer and CEO of China.

Ito-Yokado Co., Ltd. Announces Non-Consolidated Earnings Results for the Year Ended February 28, 2014

Ito-Yokado Co., Ltd. announced non-consolidated earnings results for the year ended February 28, 2014. For the period, the company reported revenue from operations was ¥1,311,989 million against ¥1,332,292 million a year ago. Net Sales were ¥1,280,615 million against ¥1,302,923 million a year ago. Operating income was ¥11,236 million against ¥9,009 million a year ago. Ordinary income was ¥13,071 million against ¥15,223 million a year ago. Income before income taxes was ¥6,822 million against ¥4,611 million a year ago. Net income was ¥5,333 million against ¥1,687 million a year ago.

Ito-Yokado to Launch Shopping Mall Business in China

Ito-Yokado Co., Ltd. plans to launch shopping mall business in China. The Seven & i Holdings Co. unit will open the first such Chinese facility adjacent to its existing general merchandise store in Chengdu, the capital of the inland province of Sichuan, in spring 2014. It will have a total floor space of about 110,000 square meters and 150 tenants, including clothing and sundries shops, they said. Ito-Yokado will open three more shopping malls in Chengdu by 2016, including one with a floor space of some 190,000 square meters, which will be launched in the second half of 2014. Ito-Yokado is expected to spend some JPY 1 billion on each of the four Chengdu facilities. In addition, Ito-Yokado is preparing to establish a local subsidiary to open a shopping mall in Chongqing, also an inland city in China, the officials said. The company has five general merchandise stores in Chengdu and eight in Beijing.

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