Food and Staples Retailing
Company Overview of Ito-Yokado Co., Ltd.
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.
Founded in 1920
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
Representative Director, President, and Chief Operating Officer
Founder, Honorary Chairman, Honorary Chairman of Seven-eleven Japan Co Ltd and Director of Seven-eleven Japan Co Ltd
Chief Financial Officer, Senior Managing Director, Director of Store Operating Division, Director and Member of Corporate Committee
Member of Corporate Committee and President of IY Bank
Compensation as of Fiscal Year 2015.
Ito-Yokado Co., Ltd. Key Developments
Ito-Yokado to Close 40 Unprofitable Stores
Sep 18 15
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
Jul 7 15
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.
Ito-Yokado Co., Ltd. Announces Non-Consolidated Earnings Results for the Year Ended February 28, 2015; Provides Earnings Guidance for the Year Ended February 29, 2016
Apr 2 15
Ito-Yokado Co., Ltd. announced non-consolidated earnings results for the year ended February 28, 2015. For the period, the company, reported revenue from operations of JPY 1,285,942 million against JPY 1,311,989 million a year ago. Operating income was JPY 1,859 million against JPY 11,236 million a year ago. Net sales were JPY 1,253,296 million against JPY 1,280,615 million a year ago. Total capital expenditures were JPY 41,067 million against JPY 47,943 million a year ago. Ordinary income was JPY 4,142 million against JPY 13,071 million a year ago. Loss before income taxes was JPY 7,100 million against income of JPY 6,822 million a year ago. Net loss was JPY 6,881 million against income of JPY 5,333 million a year ago.
For the full year ended February 29, 2016, 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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