Aiming to be top in every community by providing "new value" and "new community building."
Since its establishment, the Izumi Group has strived to be the top store in the region and has promoted the development of stores that cater to customer convenience, comfort, and enjoyment. Considering each of our stores as one town, we offer a variety of products and services in various places, including our large "Youme Town" shopping centers ("Youme" is a play on words, meaning "You & Me" in English and "Dream" in Japanese). In the future, we hope to move beyond the concept of "stores" for a new kind of "community building." We will work to make our stores community hubs and centers of community revitalization.
We will lead the way to making
We will provide employees with
customers' lives more convenient
a sense of worth and enjoyment
and comfortable by providing
in contributing to local communities,
high-quality products and services.
and a sense of fulfillment that leads
to their personal growth.
We will contribute to building more
We will use "Youme Town"
vibrant communities and provide
as opportunities for
a positive impact on the economy
the further development
by creating employment
of tenants by creating
opportunities and improving
access to shopping districts.
of store creation.
Filling our employees with pride and joy as we continue contributing to communities and our customers' lives
The Izumi Group has dreams.They are the four dreams that have grown together with Youme Town: communities, customers, tenants, and employees. We want to provide "the products new to the region" and "the best products in the region," while connecting and supporting everyone there.This creates new value through surprises and excitement.We will become the top store in the region while connecting broadly and deeply with communities, customers, tenants, and employees. Our dreams will never stop growing larger.
This describes the Izumi Group's management strategies for medium-tolong-term value creation and our business activities.
We hope that this report will enable you to deepen your understanding of the activities of the Group, which aims to become the top store in the region, and would like to hear your honest feedback.
March 1, 2021 - February 28, 2022
(including some activities after March 2022)
International Integrated Reporting Council (IIRC), International Integrated Reporting Framework
GRI Sustainability Reporting Standards
Ministry of Economy, Trade and Industry, Guidance for Collaborative Value Creation
Date of Publication
About the Izumi Group
Striving to create new value to achieve our four dreams.
We will contribute to building more vibrant communities and provide a positive impact on the economy by creating employment opportunities and improving access to shopping districts.
We will lead the way to making customers' lives more convenient and comfortable by providing high-quality products and services.
We will provide employees with a
We will use "Youme Town" as
sense of worth and enjoyment in
opportunities for the further
contributing to local communities,
development of tenants by
and a sense of fulfillment that leads
creating successful examples of
to their personal growth.
We will promote local employment opportunities by opening stores through a strategy of securing dominance. We believe that local economies will become enriched by revitalizing communities through local production for local consumption activities in cooperation with the government, shopping districts, and NPOs, by serving as a lifeline for communities in the event of disasters, and other ways.
In order to carefully meet the needs of customers, we have adopted a system that allows us to offer a lineup of high value-added products comparable to that of department stores, and to elaborate plans and operations for each store. We are also focusing on enhancing safety and security by making all of our stores accessible and installing AEDs.
We have organized a career plan that respects the independence of employees and an education system that meets their different levels and goals. It is an environment where employees can set their own future careers and take the next step. In addition, the Izumi Group has introduced a system where income is determined according to each employee's responsibilities and authority rather than their position. We are building a system that allows all of our employees to be active and thrive.
For Youme Town, the locations of directly-managed sales floors and tenants are mixed and arranged by industry sector. Besides jointly implementing sales promotions and improving in-store access, we also support tenants with their recruitment activities, and are working to ensure that the Izumi Group and tenants can coexist and have shared prosperity.
About the Izumi Group History
This shows our growth trajectory as
we have continued to dream big for more than half a century.
Youme Towns open
Izumi has focused on retail store
development with community-oriented
shopping centers as the core. Youme Town
was the start to our challenge of new
Izumi Co., Ltd. established
First supermarket opened
Former president Yoshimasa Yamanishi
observed social and consumer trends, and
became convinced that the retail business
Izumi Gion Shopping Center
era had arrived. The first full-scale
supermarket was opened in Hiroshima
Suburban shopping center
Gion store opened
With the spread of automobiles, the first
large-scale suburban supermarket was
opened in the Chugoku region. It was a
rarity in Japan, and had 500 free parking
Youme Town Higashihiroshima
Stores openings in Kyushu begin
Izumi expanded into Kyushu instead of Kansai after
considering the high population density, high growth rate, and
First Izumi supermarket
lack of competition. The strategy of becoming the undoubted
top store in a region where large stores had a low market
share was expanded into one of opening stores not only in
Kyushu but in other parts of western Japan as well.
2008 Youme Town Hiroshima
Izumi returns to its roots in Hiroshima
Izumi promoted the establishment of a model of stores for children, parents, and grandparents in anticipation of the declining birthrate and aging population. By leveraging the know-how cultivated in Kyushu, the aim was to improve quality in all aspects, such as facilities, services, and products.
*1 The Accounting Standard for Revenue Recognition was applied from the beginning of the fiscal year ending February 28, 2023. Operating revenue would be 697,100 million yen if this accounting standard was not applied.
Fiscal year ending
Feb. 28, 2023 (forecast)
Fiscal year ended
Feb. 28, 2022
LECT opens with themes of culture, food, and living
The opened shopping center seamlessly connects three areas with a wealth of books and smart lifestyle proposals: a food zone with Izumi consisting of restaurants, a food court, and food supermarket; a living zone with the new home improvement center Cainz offering different lifestyles; and T-SITE with the element of culture.
*2 For a MIRAI (future) filled with Youme
60th anniversary of Izumi's founding
As Izumi approaches the 60th anniversary of its founding, we have reviewed our management philosophy.
High economic growth period.
The second oil crisis.
Bubble economy collapses.
Consumption tax raised to 5%.
COVID-19 begins to spread.
Early times after founding
In 1946, former president Yoshimasa Yamanishi started a small stall outside in the burned-out city of Hiroshima. While starting out selling dried persimmons, he steered toward the wholesale business a year later due to increasing demand for clothing, and decided to expand into retail in 1959.
At a time when face-to-face sales were the norm, he opened a self-service supermarket where customers would get products themselves and bring them to cash registers. The Company's stock was listed on the Second Section of the Osaka Securities Exchange, and on the Hiroshima Securities Exchange in 1978.
While laying its foundations in Hiroshima, the Company expanded its fields of business by building regional dominance in Okayama and Yamaguchi prefectures in the Setouchi region. In addition, after initiatives such as entering the new business category of fashion building development, introducing information technology, and being at the forefront of hiring women in the industry, the Company's stock was listed on the First Section of the Tokyo Stock Exchange in 1987.
Rapid growth years
With the cooperation of local governments and residents, the Company opened Youme Town shopping centers to revitalize communities.
Betting on its future, it also expanded into Kyushu, aiming for cooperation and shared prosperity with local communities throughout western Japan.
The Company strengthened profitability through mergers and acquisitions to expand into Kumamoto Prefecture, and promoted various formats of store development that suited local characteristics and conditions. Izumi celebrated the 50th anniversary of its founding in 2011, and began the challenge to become a "one trillion yen company" in the next 100 years.
Izumi is working to expand its products and services, including by opening the new type of shopping center called LECT, forming a business alliance with Seven & i Holdings, and creating its own manufacturing brand "zehi."
About the Izumi Group Our Business
We operate stores that are rooted in communities centered on our retail business.
Major Group Companies
We sell clothing, food, and household goods through shopping centers, general merchandising stores (GMS), supermarkets, and other formats.
Izumi Group's Share of Food Sector*1*2 Share by Major Area*2
Youme Town is a large commercial facility where children, parents, and grandparents can have a pleasant time together. It combines Izumi's directly managed stores with trendy tenants to provide a variety of products, services, and experiences.
Neighborhood Shopping Centers
With our directly operated supermarket serving as the anchor store, our malls with large parking lots are one-stop shopping environments that offer home improvement centers, electronics retailers, drug stores, restaurants, and more.
IZUMI CO., LTD. (our company)
Youme Mart Kumamoto Co., Ltd.
Youme Mart Kitakyushu Co., Ltd.
Yours Co., Ltd.
Dailymart Co., Ltd.
306,377 (million yen)
Company C 6.9%
Company D 5.3%
Company E 3.4%
*1 Prefectures in the Chugoku, Shikoku, and Kyushu regions where Izumi Group stores are located
*2 Covers major Group companies
(Reference) 2020/2021 Food Supermarket Yearbook
12.0% Kumamoto 7.3%
They are closely connected to consumers' daily lives and support their dietary lifestyles. With a focus on food, the product lineup of these stores is closely in tune with regional tastes.
Facilities for spending time leisurely
Based on the themes of "culture, food, and living," this mall provides enjoyable experiences that include not only shopping, but also hands-on events.
We are engaged in credit handling services, store facility management services, and businesses that complement our retail business such as food and beverages.
Credit card operations
We are involved in a wide range of businesses, including the credit card business (Youme Card), e-money business (Yumeca), travel business, and life insurance agent business.
Facility management, construction, security, and cleaning services
In addition to facility management, construction, security and cleaning services, we are also involved in the designated management of museums, sports centers, cultural centers, and other facilities throughout western Japan.
•You-me Card Co., Ltd.
•Izumi Techno Co., Ltd.
•Izumi Food Service Co., Ltd.
•Youme Delica Co., Ltd.
We manage a variety of food and beverage businesses, with a focus on food courts in Izumi stores. In addition to directly managed stores, we are also involved in managing franchise stores.
In addition to our original wholesale business, we are also engaged in the real estate leasing business.
Yamanishi Co., Ltd.
Izumi Real Estate Co., Ltd.
The operating revenue and operating profit in each business include adjustments between segments.
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Izumi Co. Ltd. published this content on 06 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2022 02:31:01 UTC.