Regarding Sogo and Seibu, which were sold to a U.S. investment fund, Miyuki Takatoki, mayor of Toshima Ward, Tokyo, expressed at a press conference that she would like to set up a place to share information on the flagship Seibu Ikebukuro main store with the fund in the near future, including the renovation policy.

Major department stores Sogo and Seibu were sold by Seven & i Holdings to an investment fund in the United States on September 9, and Yodobashi Holdings plans to open electronics retailers on some floors at its flagship Seibu Ikebukuro main store.

At a press conference on the 1st, the mayor of Toshima Ward, where the Seibu Ikebukuro head office is located, expressed his intention to set up a place to share information with the newly owned U.S. investment fund and Yodobashi Holdings Co., Ltd., regarding the remodeling policy and future schedule.

The fund had previously approached us to request a meeting.

Mayor Takatoshi said, "I have heard that Yodobashi will continue to operate in employment and department store business, and that almost half of the Seibu Ikebukuro main store will be occupied by Yodobashi, so I would like to hear whether this plan will change and what kind of schedule will be followed in the future."

He then stated, "Yodobashi will become a partner in thinking about urban development together from now on, so I would like to explain the urban development policy that the ward has been promoting.