The Daiei, Inc.

4-1-1, Minatojima Nakamachi, Chuo-ku
Kobe, 650-0046, Japan
Phone: +81-78-302-5001
Fax: +81-3-3433-9226
http://www.daiei.co.jp

Overview

Japan's economic woes put The Daiei on a diet. The company (whose name is pronounced die-ay) and its subsidiaries operate more than 1,000 supermarkets, department stores, and specialty shops. Other operations include food processing and distribution, property management, and credit card services. Daiei, which diversified haphazardly during the 1980s, came close to bankruptcy due to massive debts and failure to innovate. New management worked to stem losses and closed about 2,000 retail outlets, but it struggled to revive the business. To help remake the retailing giant, trading company Marubeni teamed up with supermarket operator AEON in 2006. Together they control about 50% of Daiei.

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Key Numbers from Hoover's UK

Key financials for The Daiei, Inc.

Company Type Public (Tokyo: 82630)
Fiscal Year-End February
2010 Sales (mil.) £6,675.8
1-Year Sales Growth 3.1%
2010 Net Income (mil.) (£87.6)
2010 Employees 25,246
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Key People from Hoover's UK

Key people and executives for The Daiei, Inc.

Chairman Yoshiharu Kawato
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President Michio Kuwahara
Chief Planning and Operations Masahiko Touyama
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Top competitors of The Daiei, Inc.

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Significant Developments

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