Superstore Operations

Ito-Yokado

(Millions of yen)
FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022
Revenues from operations 1,361,060 1,332,292 1,311,989 1,285,942 1,289,586 1,255,017 1,244,262 1,236,180 1,185,147 1,080,934 1,067,545
Net sales 1,334,297 1,302,923 1,280,615 1,253,296 1,255,608 1,219,252 1,213,613 1,205,751 1,154,374 1,053,284 1,038,664
Lifestyle*1 317,460 310,796 285,985 238,816 219,985
Specialty stores*1 13,484 13,213 13,488 13,592 11,791
Food*1 550,399 538,778 516,120 517,101 506,270
Apparel 240,068 230,807 204,051 193,354 187,047 179,027 162,589 153,590
Household goods*2 173,049 160,916 165,297 153,506 142,811 122,445 165,083 162,021
Food 648,506 623,571 608,343 592,913 601,672 585,457 553,670 547,175
Merchandise sales 1,061,624 1,015,295 977,692 939,774 931,531 886,930 881,343 862,788 815,594 769,510 738,046
Tenants 252,709 271,258 287,874 301,376 314,612 322,191 324,328 336,390 335,359 278,428 297,225
Other 19,964 16,369 15,048 12,145 9,464 10,130 7,940 6,573 3,420 5,345 3,392
Selling, general and administrative expenses 350,981 342,502 335,771 333,118 334,380 316,879 310,285 304,510 291,051 265,479 259,298
Operating income 10,554 9,009 11,236 1,859 (13,980) 52 3,077 4,708 6,522 7,781 1,620
Ordinary income 13,471 15,223 13,071 4,142 (13,405) 1,786 3,687 6,122 7,615 7,698 2,371
Net income (520) 1,687 5,333 (6,881) (23,923) (13,797) (5,821) (7,840) 1,674 (3,705) (11,201)
Capital expenditures 18,074 30,578 47,943 41,067 58,555 30,636 18,072 44,057 27,305 20,613 29,311
Depreciation and amortization*3 16,822 15,937 10,014 11,137 13,125 13,654 12,606 12,191 13,254 12,594 13,318
Total assets 790,851 791,020 807,425 817,735 799,073 753,315 736,336 721,594 713,839 682,167 666,022
Net assets 597,601 599,857 608,444 606,327 581,223 544,808 539,608 530,367 529,737 512,489 507,849
EBITDA 27,377 24,946 21,250 12,997 (855) 13,707 15,683 16,899 19,776 20,375 14,939
ROA (%) (0.1) 0.2 0.7 (0.8) (3.0) (1.8) (0.8) (1.1) 0.2 (0.5) (1.7)
Existing store sales increase (decrease) (%) (2.6) (4.3) (4.6) (4.5) 0.2 (4.2) (1.4) (1.1) (2.9) (0.6) (0.5)
Number of customers (%) (4.6) (5.2) (4.3) (5.7) (0.1) (4.4) (1.7) (1.1) (3.5) (6.9) (0.3)
Average spending per customer (%) 2.0 1.0 (0.4) 1.3 0.4 0.3 0.3 0.0 0.7 6.7 (0.3)
Merchandise gross profit margin (%) 29.7 29.9 30.2 29.9 28.6 29.1 29.6 29.6 29.9 29.6 29.0
Number of stores 173 174 179 181 182 171 164 159 157 132 128
Openings 5 3 9 3 3 4 2 1 4 3 0
Closures 2 2 4 1 2 15 9 6 6 28 4
Total sales floor space (㎡) 2,704,252 2,751,439 2,817,665 2,832,235 2,802,078 2,776,875 2,653,996 2,547,874 2,506,284 2,373,250 2,288,584
Directly managed sales floor space (㎡) 1,665,268 1,642,954 1,639,943 1,630,246 1,590,958 1,508,282 1,490,522 1,420,357 1,355,959 1,230,268 1,162,773
Sales per square meter (¥ Thousand)*4 636 613 597 572 585 564 575 584 591 602 622
Full-time employees (fiscal year-end) 9,136 8,672 8,289 8,029 7,790 7,654 7,663 7,443 7,238 6,477 6,024
Part-time employees*5 29,853 29,116 31,491 31,245 32,106 27,540 27,750 26,690 24,275 22,319 20,059
Ratio of part-time employees (%) 77.0 77.4 78.6 79.3 80.0 79.9 78.0 77.9 76.7 76.6 76.3
Sales per employee (¥ Thousand)*6 27,856 27,430 26,614 26,074 26,099 25,716 24,766 25,190 25,776 26,403 28,066

*1 From FY2020, the previous product-based sales classifications have been revised from apparel, household goods, and food to lifestyle, specialty stores, and food.
Figures for FY2018 and FY2019 have been calculated and displayed in the same manner.

*2 From FY2018, Seven Bi no Garden Co., Ltd. was absorbed through a merger and its figures are reflected.

*3 From FY2014, Ito-Yokado changed the method for calculating the depreciation of property and equipment to the straight-line method from the previously used declining-balance method.

*4 Sales per square meter = Merchandise sales ÷ Weighted average floor space

*5 Part-time employees are counted by adjusting their working hours to a 163-hour working month.

*6 Sales per employee = Merchandise sales ÷ Average number of employees (including part-time employees)

Ito-Yokado

Revenues from operations and Operating income
Revenues from operations and Operating income
Net income attributable to owners of parent and ROA
Net income attributable to owners of parent and ROA
Breakdown of sales by product category
Breakdown of sales by product category
Breakdown of sales by product category Breakdown of sales by product category

Ito-Yokado

(Billions of yen)
Trend in sales breakdown by region FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022
Hokkaido 72.0 71.7 67.2 64.6 65.5 64.6 64.8 65.5 60.3 51.6 49.5
Tohoku 57.1 55.8 45.8 51.5 50.1 47.2 48.3 45.9 45.4 41.9 38.7
Kanto 976.3 945.2 939.4 914.7 925.8 902.8 916.6 902.2 876.0 805.2 794.9
Chubu 95.1 96.0 93.9 91.7 85.5 82.9 76.9 91.0 87.3 77.6 76.1
Kinki 117.8 116.4 115.8 113.1 111.9 106.0 98.5 92.5 85.0 76.8 79.3
Chugoku 15.7 17.6 18.2 17.4 16.4 15.5 8.1 8.4
Total 1,334.2 1,302.9 1,280.6 1,253.2 1,255.6 1,219.2 1,213.6 1,205.7 1,154.3 1,053.2 1,038.6

Trend in the number of stores

(Stores)
By region FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022
Hokkaido 12 12 11 11 11 11 11 10 9 8 7
Tohoku 10 10 10 10 10 10 10 10 10 9 9
Kanto 120 121 127 130 131 125 120 118 118 96 95
Chubu 17 17 17 16 16 14 14 14 13 12 10
Kinki 11 11 11 11 11 10 8 7 7 7 7
Chugoku 3 3 3 3 3 1 1
Total 173 174 179 181 182 171 164 159 157 132 128
By total sales floor space FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022
16,000 ㎡− 68 68 72 72 71 70 63 61 59 58 58
10,000−15,999 ㎡ 50 50 47 46 47 43 46 45 45 39 33
5,000−9,999 ㎡ 36 36 34 35 34 30 27 25 23 19 21
Under 5,000 ㎡ 19 20 26 28 30 28 28 28 30 16 16
Total 173 174 179 181 182 171 164 159 157 132 128
By store age FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022
30 years− 51 56 58 60 60 54 53 52 50 44 42
20 years− 26 24 22 24 27 27 28 35 39 40 39
10 years− 53 51 52 55 55 51 48 38 34 31 32
5 years− 23 20 18 16 17 14 15 22 21 9 9
1 year− 15 20 20 23 20 21 18 11 9 5 6
Under 1 year 5 3 9 3 3 4 2 1 4 3 0
Total 173 174 179 181 182 171 164 159 157 132 128
By format FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022
Superstores 140 139 137 136 136 127 121 116 112 104 99
Shopping centers 12 13 16 17 17 18 19 19 19 19 20
Food specialty stores 21 22 26 28 29 26 24 24 26 9 9
Total 173 174 179 181 182 171 164 159 157 132 128

Note: Number of stores at fiscal year-end

York-Benimaru

(Millions of yen)
FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022
Revenues from operations 348,600 363,862 380,869 396,930 412,977 426,172 437,197 445,297 446,843 477,633 478,144
Net sales 342,944 358,061 374,781 390,492 406,223 418,729 429,064 437,201 438,637 469,057 469,415
Fresh food 108,226 114,914 123,054 132,110 139,489 145,105 149,910 153,597 154,442 169,112 167,111
Processed food 83,542 86,219 89,761 92,181 95,761 98,819 101,977 104,950 106,140 114,288 114,763
Daily food 65,222 68,660 71,510 73,843 77,433 81,101 84,097 86,551 87,235 94,955 95,394
Food total 256,991 269,794 284,326 298,136 312,683 325,026 335,985 345,100 347,818 378,356 377,269
Apparel 17,358 17,642 17,597 16,614 15,887 14,967 13,531 12,761 11,747 10,751 10,314
Household goods 19,474 19,383 20,339 20,694 20,398 20,296 19,993 19,270 19,005 19,885 18,500
Merchandise sales 293,824 306,820 322,263 335,445 348,970 360,290 369,510 377,132 378,571 408,993 406,085
Tenants 49,120 51,240 52,518 55,047 57,253 58,439 59,553 60,069 60,066 60,064 63,330
Selling, general and administrative expenses 74,686 78,649 80,969 84,796 88,784 92,185 94,713 98,337 99,932 106,007 105,044
Operating income 14,955 11,854 12,714 12,820 13,324 14,054 14,070 12,801 13,100 16,548 14,704
Ordinary income 16,305 14,003 14,467 14,018 14,529 15,344 15,301 13,973 14,308 17,707 15,953
Net income 1,430 7,731 9,306 7,792 8,969 8,982 9,350 7,672 6,712 7,845 9,055
Capital expenditures 7,075 9,779 10,700 14,120 10,642 12,330 13,452 10,328 13,148 17,056 17,437
Depreciation and amortization*1 5,122 5,161 3,167 3,569 3,931 4,519 5,148 5,675 5,883 6,259 7,297
Total assets*2 150,789 156,212 168,013 182,267 184,894 177,983 184,302 183,481 190,090 199,509 201,144
Net assets 117,090 123,766 131,800 140,118 141,435 136,514 140,016 140,769 141,422 143,447 147,122
EBITDA 20,077 17,015 15,882 16,389 17,255 18,573 19,218 18,476 18,984 22,808 22,001
ROA (%) 1.0 5.0 5.7 4.4 4.9 5.0 5.2 4.2 3.6 4.0 4.5
Existing store sales increase (decrease) (%) 1.5 0.0 0.1 0.2 1.2 0.5 (0.4) (1.0) (1.2) 5.0 (0.4)
Number of customers (%) (3.3) 0.9 0.7 (0.1) 1.5 0.8 0.0 (0.9) (2.3) (3.3) (1.0)
Average spending per customer (%) 4.9 (1.0) (0.6) 0.2 (0.3) (0.3) (0.5) (0.2) 1.1 8.5 0.6
Merchandise gross profit margin (%) 27.0 26.0 25.6 25.6 25.7 25.8 25.7 25.8 26.1 26.4 25.8
Number of stores 176 184 193 200 205 213 220 225 232 235 237
Openings 8 11 11 8 6 9 11 7 8 5 5
Closures 2 3 2 1 1 1 4 2 1 2 3
Total sales floor space (㎡) 573,187 590,698 606,812 628,639 640,667 656,950 675,128 682,795 697,646 703,029 709,077
Directly managed sales floor space (㎡) 433,346 450,581 469,142 485,123 494,201 505,269 519,177 525,508 534,926 541,036 544,925
Sales per square meter (¥ Thousand)*3 718 716 721 721 727 733 735 727 721 764 752
Full-time employees (fiscal year-end) 2,495 2,494 2,538 2,614 2,660 2,685 2,697 2,747 2,766 2,810 2,866
Part-time employees*4 10,165 10,395 10,729 10,984 11,168 11,353 11,903 11,953 11,811 12,178 12,166
Ratio of part-time employees (%) 80.1 80.3 80.6 80.6 80.5 80.6 81.2 81.0 80.8 81.2 80.9
Sales per employee (¥ Thousand)*5 23,141 23,714 24,232 24,607 25,156 25,581 25,208 25,566 25,888 27,255 26,989

*1 From FY2014, York-Benimaru changed the method for calculating the depreciation of property and equipment to the straight-line method from the previously used declining-balance method.

*2 ASBJ Statement No. 28 “Partial Amendments to Accounting Standard for Tax Effect Accounting” (ASBJ Statement No. 28, dated February 16, 2018) has been applied to total assets from FY2020 and reflected retroactively in the figures for FY2019.

*3 Sales per square meter = Merchandise sales ÷ Weighted average floor space (㎡) (excluding floor space of the stores which have been temporarily closed)

*4 Part-time employees are counted by adjusting their working hours to a 163-hour working month.

*5 Sales per employee = Merchandise sales ÷ Average number of employees (including part-time employees)

Life Foods

(Millions of yen)
FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022
Net sales 36,974 38,509 39,894 42,487 44,603 45,913 46,739 47,285 47,320 47,902 50,601
Selling, general and administrative expenses 14,710 14,823 15,438 16,383 17,388 17,965 18,673 19,217 19,344 19,610 20,934
Operating income 3,450 3,704 3,823 4,204 4,422 4,704 4,028 3,923 3,786 3,957 4,095
Ordinary income 3,659 3,763 3,870 4,253 4,468 4,739 4,054 3,977 3,834 3,995 4,131
Net income 2,187 2,193 2,407 2,526 2,801 3,237 2,657 2,596 2,528 2,570 760
Total assets 26,645 27,688 27,928 30,309 32,188 34,504 36,211 37,538 39,656 41,957 41,903
Net assets 21,053 21,493 22,523 24,265 26,293 28,628 30,396 32,209 33,990 35,769 35,690

York-Benimaru (including results from Life Foods)

(Millions of yen)
FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022
Operating income 18,407 15,558 16,539 17,025 17,747 18,760 18,098 16,724 16,887 20,506 18,800

Note: The above results are management figures.

York (Former York Mart)

(Millions of yen)
FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022
Revenues from operations 119,335 122,672 129,306 133,138 141,242 142,864 144,829 146,142 144,102 183,703 190,651
Net sales 118,422 121,640 128,214 132,067 140,145 141,649 143,610 144,975 142,936 182,219 188,961
Selling, general and administrative expenses 31,490 33,653 34,740 36,095 38,313 38,801 39,936 40,549 41,163 50,282 52,946
Operating income 3,925 2,007 2,891 2,445 2,511 2,211 1,551 1,603 684 3,253 1,473
Ordinary income 4,012 2,075 2,945 2,525 2,540 2,231 1,532 1,622 671 3,290 1,521
Net income 2,111 1,032 1,701 1,247 1,611 963 251 (746) (1,036) 963 (288)
Capital expenditures 4,133 4,919 2,627 4,534 4,911 2,562 3,313 2,390 3,090 4,864 4,881
Depreciation and amortization*1 1,647 1,954 1,219 1,332 1,717 1,938 2,006 1,995 2,062 2,315 2,506
Total assets 39,272 41,410 41,991 45,555 48,494 47,321 47,660 47,009 47,133 67,998 72,717
Net assets 26,926 26,249 27,412 27,662 28,705 27,871 27,654 26,813 25,757 43,700 48,973
EBITDA 5,573 3,961 4,110 3,778 4,229 4,149 3,557 3,599 2,747 5,569 3,979
ROA (%) 5.5 2.6 4.1 2.9 3.4 2.0 0.5 (1.6) (2.2) 1.4 (0.4)
Existing store sales increase (decrease) (%) 0.3 (4.9) (0.2) 0.6 1.8 (1.6) (0.5) (1.2) (2.2) 6.7 (3.4)
Merchandise gross profit margin (%) 29.5 28.8 28.9 28.8 28.8 28.6 28.6 29.0 29.2 29.1 28.7
Number of stores 68 71 74 76 76 78 78 79 78 100 101
Openings 5 5 3 2 4 2 1 2 2 23 1
Closures 2 2 0 0 4 0 1 1 3 1 0
Total sales floor space (㎡) 111,212 116,042 121,115 124,223 126,639 129,000 128,194 126,782 126,621 157,114 159,299
Sales per square meter (¥ Thousand)*2 1,127 1,108 1,118 1,130 1,158 1,149 1,154 1,145 1,128 1,227 1,197
Full-time employees (fiscal year-end) 1,269 1,325 1,191 1,227 1,245 1,255 1,307 1,316 1,316 1,603 1,653
Part-time employees*3 3,702 4,018 4,206 4,367 4,715 4,524 4,494 4,475 4,582 5,797 5,896
Sales per employee (¥ Thousand)*4 23,456 22,007 21,949 22,367 22,723 23,024 23,203 23,472 23,193 25,106 25,580

*1 From FY2014, York Mart changed the method for calculating the depreciation of property and equipment to the straight-line method from the previously used declining-balance method.

*2 Sales per square meter = Merchandise sales ÷ Weighted average floor space (㎡)

*3 Part-time employees are counted by adjusting their working hours to a 163-hour working month.

*4 Sales per employee = Net sales ÷ Average number of employees (including part-time employees)