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February 13, 2016 10:21 AM 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, Chief Executive Officer, Representative Director, Member of Corporate Committee, Chairman of Seven-Eleven Japan Co Ltd., Chairman of 7-Eleven Inc., Representative Director of Seven-Eleven Japan Co Ltd and Director of 7-Eleven Inc
Age: 82
Representative Director, President, and Chief Operating Officer
Age: 81
Founder, Honorary Chairman, Honorary Chairman of Seven-eleven Japan Co Ltd and Director of Seven-eleven Japan Co Ltd
Age: 91
Member of Corporate Committee and President of IY Bank
Age: 74
Vice Chairman, Chief of Corporate Strategy Division, Executive Vice President, Member of Corporate Committee, Chairman of York-benimaru Co Ltd., Representative Director of York-benimaru Co Ltd and Director of Denny's Japan Co. Ltd
Age: 76
Compensation as of Fiscal Year 2015.

Ito-Yokado Co., Ltd. Key Developments

Ito-Yokado Reports Earnings Results for the Six Months Ended August 31, 2015; Provides Earnings Guidance for the Fiscal Year Ending February 29, 2016; Plans to Close One Store

Ito-Yokado reported earnings results for the six months ended August 31, 2015. For the period, the company reported revenues from operations of ¥638,328 million compared to ¥640,526 million reported in the same period last year. Operating loss was ¥9,062 million against operating income of ¥656 million reported last year. Net sales were ¥621,264 million against ¥624,427 million reported last year. Total capital expenditures were ¥42,633 million against ¥16,331 million reported last year. For the fiscal year ending February 29, 2016, the company expected to revenues from operations of ¥782,500 million, operating income of ¥235,000 million and total store sales of ¥4,256,000 million. Total capital expenditures are expected to be ¥61,100 million. For the fiscal year ending February 29, 2016, the company expected to close one store to bring total domestic stores to 180 compared to 181 stores at the end of the February 28, 2015.

Ito-Yokado to Close 40 Unprofitable Stores

Seven & i Holdings Co., Ltd. reported that its Ito-Yokado Co. will shut down 40 unprofitable stores, or about 20% of its stores, over the next few years. It is expected to close several stores within its current business year that ends February 2016.

Ito-Yokado Announces Earnings Results for the First Quarter Ended May 31, 2015; Provides Earnings Guidance for the Fiscal Year Ending Feb. 29, 2016

Ito-Yokado announced earnings results for the first quarter ended May 31, 2015. For the quarter, the company reported revenue from operations of JPY 321,174 million compared to JPY 324,633 million a year ago. Operating income was JPY 30 million compared to JPY 2,931 million a year ago. Total capital expenditures were JPY 13,741 million compared to JPY 6,678 million a year ago. Net sales were JPY 312,406 million compared to JPY 316,387 million a year ago. The company provided earnings guidance for the fiscal year ending Feb. 29, 2016. For the year, the company expects revenue from operations of JPY 1,310,000 million, operating income of JPY 10,000 million, net sales of JPY 1,275,000 million and total capital expenditures of JPY 61,100 million.

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