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Study Guide: Takashimaya Company, Limited: A Historical Overview

Cheat Sheet:
Takashimaya Company, Limited: A Historical Overview Study Guide

Founding and Early History

The founder of Takashimaya, Shinshichi Iida, originated from Osaka Prefecture.

Answer: False

Explanation: The founder of Takashimaya, Shinshichi Iida, originated from the region that is now Fukui Prefecture, not Osaka Prefecture.

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The first Takashimaya store was a large establishment covering over 100 square meters in Kyoto.

Answer: False

Explanation: The inaugural Takashimaya store in Kyoto was notably small, measuring only 3.6 square meters, not over 100 square meters.

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Takashimaya expanded its presence to Tokyo and Osaka before the end of the 19th century.

Answer: True

Explanation: Takashimaya established stores in Tokyo in 1897 and Osaka in 1898, both occurring before the conclusion of the 19th century.

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The original Takashimaya store in Kyoto measured approximately 30 square meters.

Answer: False

Explanation: The original Takashimaya store established in Kyoto was significantly smaller, measuring only 3.6 square meters, not approximately 30 square meters.

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Who founded Takashimaya, and in what year?

Answer: Shinshichi Iida, 1831

Explanation: Takashimaya was founded on January 10, 1831, by Shinshichi Iida, a merchant originating from the region now known as Fukui Prefecture.

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What was the initial specialization of the very first Takashimaya store established in 1831?

Answer: Selling formal kimono (gofuku)

Explanation: The inaugural Takashimaya store, established in 1831, specialized in the retail of gofuku, which are formal kimono.

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By what year had Takashimaya established stores in both Tokyo and Osaka?

Answer: 1898

Explanation: Takashimaya had established stores in Tokyo by 1897 and in Osaka by 1898, thus having a presence in both cities before the end of the 19th century.

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Corporate Structure and Governance

Takashimaya is affiliated with the Mitsubishi keiretsu.

Answer: False

Explanation: Takashimaya is identified as a member of the Sanwa Group keiretsu, not the Mitsubishi keiretsu.

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Takashimaya transitioned to a 'kabushiki kaisha' (stock company) structure in 1909.

Answer: False

Explanation: Takashimaya was incorporated as a 'gomei kaisha' (unlimited liability company) in 1909 and later converted to a 'kabushiki kaisha' (stock company) in 1919.

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The term 'Kabushiki gaisha' signifies an unlimited liability company structure.

Answer: False

Explanation: The term 'Kabushiki gaisha' refers to a stock company or corporation in Japan, not an unlimited liability company structure.

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Takashimaya is identified as a member of which Japanese business conglomerate (keiretsu)?

Answer: Sanwa Group

Explanation: Takashimaya is identified as a member of the Sanwa Group keiretsu, a significant Japanese business conglomerate.

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In what year did Takashimaya convert to a 'kabushiki kaisha' (stock company)?

Answer: 1919

Explanation: Takashimaya transitioned to the 'kabushiki kaisha' (stock company) legal structure in the year 1919.

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What does the Japanese term 'Kabushiki gaisha' translate to in English?

Answer: Stock Company / Corporation

Explanation: 'Kabushiki gaisha' is the Japanese designation for a stock company or corporation.

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Domestic Operations and Retail Network

Takashimaya Company, Limited is primarily known for its operations in the automotive manufacturing industry.

Answer: False

Explanation: Takashimaya Company, Limited is primarily engaged in the retailing sector, operating as a prominent department store chain, not in automotive manufacturing.

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Takashimaya's headquarters are currently located in Tokyo, Japan.

Answer: False

Explanation: Takashimaya's corporate headquarters are situated in the Nankai Building in Osaka, Japan, not Tokyo.

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Takashimaya department stores exclusively sell apparel and formal kimono.

Answer: False

Explanation: Takashimaya department stores offer a diverse range of merchandise, extending beyond apparel and formal kimono to include items such as electronics and flatware.

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The Takashimaya Nankai Store is located in the Nankai Building in Osaka.

Answer: True

Explanation: The Takashimaya Nankai Store is indeed situated within the Nankai Building in Osaka, which also houses Namba Station and Takashimaya's headquarters.

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The JR Nagoya Takashimaya is solely owned by Takashimaya Company, Limited.

Answer: False

Explanation: The JR Nagoya Takashimaya is a joint venture between Takashimaya and JR Central, not solely owned by Takashimaya.

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The Nihombashi store in Tokyo is a flagship store opened in 1933.

Answer: True

Explanation: The Nihombashi store in Tokyo, inaugurated in 1933, is indeed a flagship establishment recognized for its historical architectural integrity.

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The Iyotetsu Takashimaya is a joint venture involving Takashimaya and a railway company.

Answer: True

Explanation: The Iyotetsu Takashimaya operates as a joint venture between Takashimaya and Iyo Railway Co., Ltd.

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The Tamagawa Takashimaya Shopping Center's core tenant is the Takashimaya Tamagawa store.

Answer: True

Explanation: The Takashimaya Tamagawa store functions as the anchor tenant for the Tamagawa Takashimaya Shopping Center.

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In which industry does Takashimaya Company, Limited primarily operate?

Answer: Retailing (Department Stores)

Explanation: Takashimaya Company, Limited is primarily engaged in the retailing sector, operating as a prominent department store chain.

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Where is the corporate headquarters of Takashimaya Company, Limited located?

Answer: Nankai Building, Osaka, Japan

Explanation: The corporate headquarters of Takashimaya Company, Limited are situated in the Nankai Building, located in Chūō-ku, Osaka, Japan.

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Which of the following product categories is mentioned as being sold at Takashimaya department stores?

Answer: Electronics

Explanation: Takashimaya department stores offer a wide array of products, including electronics, wedding dresses, other apparel, and flatware.

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Which of the following is a directly owned Takashimaya store located in the Kanto region?

Answer: Yokohama Store

Explanation: Yokohama Store is listed among the directly owned Takashimaya stores located in the Kanto region.

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The JR Nagoya Takashimaya is a collaborative project between Takashimaya and which other entity?

Answer: JR Central

Explanation: The JR Nagoya Takashimaya operates as a joint venture between Takashimaya and JR Central.

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The Nankai Building in Osaka serves multiple functions, including housing Namba Station and Takashimaya's headquarters. What else does it house?

Answer: The Takashimaya Nankai Store

Explanation: The Nankai Building in Osaka integrates Namba Station, the Takashimaya Nankai Store, and serves as Takashimaya's corporate headquarters.

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Which Takashimaya store is located near Sakaihigashi Station on the Nankai Koya Line?

Answer: Takashimaya Sakai Store

Explanation: The Takashimaya Sakai store is situated in proximity to Sakaihigashi Station on the Nankai Railway Koya Line, within Sakai, Osaka.

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International Operations and Expansion

Takashimaya operates department stores in Southeast Asian countries such as Thailand and Vietnam.

Answer: True

Explanation: Takashimaya maintains a presence with department stores in several Southeast Asian nations, including Thailand and Vietnam, among others.

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Takashimaya's international business activities began with opening physical stores in Paris and London in the early 20th century.

Answer: False

Explanation: Takashimaya initiated international business through an export operation in 1876. While offices were established in Paris and London by 1903, this predates the early 20th century and was not solely focused on physical stores initially.

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The Takashimaya store on Fifth Avenue in New York City closed permanently in 2010.

Answer: True

Explanation: The Takashimaya store located on Fifth Avenue in New York City ceased operations permanently in 2010.

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Takashimaya's Shanghai store was permanently closed in June 2019.

Answer: False

Explanation: While Takashimaya initially announced the closure of its Shanghai store in June 2019, this decision was later reversed following support from local governments.

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Takashimaya sold its stake in the Dayeh Takashimaya in Taipei, but the store continues to operate under the 'Takashimaya' brand.

Answer: True

Explanation: Takashimaya divested its shareholding in Dayeh Takashimaya in Taipei; however, the store persists in operation under the 'Takashimaya' brand, albeit without current affiliation.

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Which of the following countries is NOT listed as a location with Takashimaya branches?

Answer: South Korea

Explanation: Takashimaya operates branches in Singapore, Taiwan, Thailand, and Vietnam, among other locations, but South Korea is not listed among its current international branches.

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What was Takashimaya's initial foray into international business?

Answer: Initiating an export business

Explanation: Takashimaya commenced its international business endeavors with an export initiative in 1876, subsequent to the Meiji Restoration.

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What happened to Takashimaya's New York store located on Fifth Avenue?

Answer: It closed in 2010 due to a shift in focus to Asian markets.

Explanation: The Takashimaya store located on Fifth Avenue in New York City ceased operations permanently in 2010, coinciding with the company's strategic redirection towards Asian markets.

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Regarding the Shanghai store closure in 2019, what ultimately happened?

Answer: The closure was reversed due to support from local governments.

Explanation: While Takashimaya initially announced the closure of its Shanghai store in June 2019, this decision was later reversed following the reception of support from local governmental entities.

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What is the current affiliation status of the Dayeh Takashimaya in Taipei?

Answer: Takashimaya sold its stake, and it is no longer affiliated.

Explanation: Takashimaya divested its 50% shareholding in Dayeh Takashimaya in Taipei; although the establishment persists under the 'Takashimaya' brand, the company no longer maintains an affiliation with it.

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Historical Milestones and Business Evolution

The Takashimaya-Iida company, formed in 1913, was a precursor to the modern Takashimaya department store chain.

Answer: False

Explanation: The Takashimaya-Iida company, formed in 1913, was a spin-off of Takashimaya's trading unit. It later merged with Marubeni, and while related, it was not a direct precursor to the modern department store chain in the same way as the core business evolution.

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Takashimaya opened a low-price store in Osaka in 1931, which is considered a precursor to modern discount stores.

Answer: True

Explanation: In 1931, Takashimaya established a low-price store in Osaka, which is recognized as an early forerunner of contemporary discount retail establishments.

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Takashimaya's flagship stores in Tokyo and Osaka were completely destroyed by firebombings during World War II.

Answer: False

Explanation: While Takashimaya's flagship stores in Tokyo and Osaka sustained damage from firebombings in 1945, they were not completely destroyed.

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Postwar regulations in Japan encouraged Takashimaya to consolidate all new store openings under the main corporate entity.

Answer: False

Explanation: Postwar regulations limiting store size often prompted Takashimaya to establish new locations as separate companies, rather than consolidating them under the main entity.

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In 1969, Takashimaya pioneered Japan's first American-style suburban shopping center.

Answer: True

Explanation: Takashimaya introduced Japan's inaugural American-style suburban shopping center in 1969, marking a significant innovation in retail format.

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Takashimaya and H2O Retailing successfully merged in 2010 to form Japan's largest department store operator.

Answer: False

Explanation: Although Takashimaya and H2O Retailing planned to merge, the proposed merger was ultimately canceled in 2010.

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The Takashimaya-Iida company, spun off in 1913, eventually merged with which other company?

Answer: Marubeni

Explanation: The Takashimaya-Iida company, formed in 1913, later merged with the trading firm Marubeni.

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Which of the following was a significant development for Takashimaya in the early 1930s?

Answer: Launching a low-price store in Osaka

Explanation: The early 1930s marked a period of significant expansion for Takashimaya, including the inauguration of a low-price retail outlet in Osaka in 1931.

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How were Takashimaya's flagship stores affected by World War II?

Answer: They sustained fire damage but were not destroyed.

Explanation: While Takashimaya's flagship stores in Tokyo and Osaka sustained damage from firebombings in 1945, they were not completely destroyed.

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Why did Takashimaya establish some new store locations as separate companies after World War II?

Answer: To avoid postwar regulations on store size

Explanation: In the post-World War II era, Takashimaya frequently structured new store openings as independent corporate entities to navigate and comply with prevailing regulations that imposed limitations on the scale of retail establishments.

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What innovation did Takashimaya introduce in Japan in 1969?

Answer: Japan's first American-style suburban shopping center

Explanation: In 1969, Takashimaya pioneered the introduction of Japan's inaugural American-style suburban shopping center, representing a novel retail format for the nation.

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What was the result of the planned merger between Takashimaya and H2O Retailing announced in 2008?

Answer: The merger was ultimately canceled in 2010.

Explanation: Although Takashimaya and H2O Retailing planned to merge, the proposed merger was ultimately canceled in 2010.

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Financial Performance and Stock Information

The stock ticker symbol for Takashimaya on the Tokyo Stock Exchange is 8233.

Answer: True

Explanation: Takashimaya Company, Limited is listed on the Tokyo Stock Exchange under the ticker symbol 8233.

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Takashimaya's total revenue in 2022 exceeded JPY 800 billion.

Answer: False

Explanation: Takashimaya's total revenue for the fiscal year 2022 was JPY 761.1 billion, which does not exceed JPY 800 billion.

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Takashimaya's net income in 2022 was lower than its operating income.

Answer: False

Explanation: In 2022, Takashimaya reported an operating income of JPY 4.1 billion and a net income of JPY 5.3 billion, indicating net income was higher than operating income.

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What is the stock ticker symbol for Takashimaya on the Tokyo Stock Exchange?

Answer: 8233

Explanation: Takashimaya Company, Limited is traded on the Tokyo Stock Exchange under the ticker symbol 8233.

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What was Takashimaya's total revenue in the fiscal year 2022?

Answer: JPY 761.1 billion

Explanation: Takashimaya's total revenue for the fiscal year 2022 amounted to JPY 761.1 billion.

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General Information and Company Identification

The 'See also' section in the article provides financial performance data for Takashimaya.

Answer: False

Explanation: The 'See also' section typically provides links to related articles, portals, or lists, such as 'Companies' or 'List of department stores,' to facilitate the exploration of ancillary subjects, rather than specific financial data.

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The Japanese pronunciation of Takashimaya is [ta.ka.shi.ma.ja].

Answer: False

Explanation: The accurate phonetic transcription of the Japanese pronunciation of Takashimaya is [ta.ka.ɕi.ma.ja], which differs slightly from the provided [ta.ka.shi.ma.ja].

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What is the full official name of the company commonly known as Takashimaya?

Answer: Takashimaya Company, Limited

Explanation: The full official name of the company is Takashimaya Company, Limited. Its Japanese designation is 株式会社高島屋, romanized as Kabushiki-gaisha Takashimaya.

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