Isetan Mitsukoshi Holdings Co., Ltd., a major department store, has decided to take over the appointment of Toshihiko Sugie, who has retired, and Toshiyuki Hosoya, who is the president of a department store under its umbrella, as his successor.
Isetan Mitsukoshi Holdings held a board of directors meeting on the 26th, and President Toshihiko Sugie retired, and Toshiyuki Hosoya, the president of Iwataya Mitsukoshi, which is under the umbrella of the company, has decided to take office on April 1.
Hosoya is 56 years old.
Originally from Isetan, I was the general manager of the Corporate Planning Department of Isetan Mitsukoshi Holdings.
Isetan Mitsukoshi expects a final deficit of 45 billion yen in this year's financial results due to the impact of the new coronavirus, and has decided that it is desirable to rebuild the business under the new system.
Mr. Hosoya said at an online press conference, "I have a sense of crisis that the existing business model is not accepted by the market, and I want to face it with a sense of mission to create a new model," and reforms such as increasing online sales. I emphasized the idea of working on it.