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Isetan Mitsukoshi Holdings
Isetan Mitsukoshi Holdings Ltd. (株式会社三越伊勢丹ホールディングス) (tyo: 3099) is a holding company with the Mitsukoshi and Isetan department stores as its wholly owned subsidiaries.
Operations
In August 2007, Isetan Co. Ltd. and Mitsukoshi Ltd. announced that the two companies "have agreed to merge and form a new holding company" in April 2008. On 9 January 2010, Nobukazu Muto (b. 1945), the company's chairman and chief executive officer died. As of 2012, Hiroshi Onishi was the president and chief executive officer of Isetan Mitsukoshi Holding. On 26 July 2013, the company announced that, in the first quarter of 2013, it net profits increased by 11.4 percent due to increased sales and lower expenses.
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