Decision to start bankruptcy procedures for the long-established department store "Onuma" Yamagata Jan 27 20:11

Onuma, a long-established department store with a head office in Yamagata City, abandoned its restructuring due to a deterioration in cash flow and revealed that it had received a court decision from the court on the 27th. This makes Yamagata the only prefecture in Japan with no department store.

Mitsuhiro Nagasawa, a representative director of Onuma, held a press conference in the afternoon of the 27th in Yamagata City, and filed for bankruptcy with the Yamagata District Court, revealing that the bankruptcy proceedings had been decided.

The total debt was about 3 billion yen, and all employees were fired on the 26th.

Onuma, which opened 320 years ago in Genroku 13 years, had sales of about 12 billion yen in the fiscal year ending February 2008, but sales in the fiscal year ended February 2018 were intensified due to intensifying competition with large stores in the suburbs. It was reduced to about 7.4 billion yen.

After the consumption tax rate was raised last October, sales further declined, meaning that sales for the month of October fell more than 30% from the previous year.

Nagasawa said in a press conference on May 27, “Sales have declined more than expected after the consumption tax hike, and we have no choice but to go bankrupt. I want to. "

Yamagata is the only prefecture in Japan with no department store

In Yamagata Prefecture, the "Crossya Yamagata Store" was also closed in January, and according to the Japan Department Stores Association, it is the only prefecture in Japan that has no department stores.

In the department store industry, in addition to the declining population, there is also severe competition from specialty stores such as online shopping and clothing, and local and suburban stores are being closed one after another.

Last year, at least nine stores were closed nationwide, and Sogo / Seibu plans to close five stores, including Kobe, Tokushima, and Otsu, and store Takashimaya in Kanagawa from next year to next year. is.

Store closures that are not expected to improve profitability may continue in the future.