Company Profile

In line with the central management principle of “Putting People First,” the Takashimaya Group (the “Group”) aims to make a continued contribution to society by valuing the spirit of believing in people, loving people, and serving people. In order to realize this objective, enhance corporate value, and fulfill the expectations of our shareholders and all other stakeholders, the Company has positioned the enhancement of its corporate governance as a top management priority. In accordance with this stance, the Company is pursuing the following initiatives.

1. 1) Vitalize and Optimize the Board of Directors by introducing an executive officer system;
2. 2) Accelerate the decision-making and execution process by promoting the transfer of authority from the Board of Directors to the business execution line;
3. 3) Clarify Directors’ responsibilities with respect to each business year by establishing a one-year term of office for Directors (including executive officers);
4. 4) Strengthen incentives for enhancing business performance and corporate value by introducing a performance-linked officers’ remuneration system;
5. 5) Secure fairness and transparency by establishing a nomination committee and remuneration committee whose membership includes Outside Directors.

The department store business being its core business, the Group recognizes that in order to pursue customer-oriented management, it is absolutely essential to obtain customer information and daily operational information swiftly and to reflect it directly in management. Based on this principle, the Company will continue efforts to ensure that corporate governance is functioning consistently across all management levels from upper management to frontline service.