The company was founded in August, Showa 23, as a personal business in Taisho 9. In April, 33, Yokado was established with a capital of 5 million yen, and in June, 40, it was changed to Ito-Yokado.
Major shareholders: Ito Kogyo Daiichi Life Mitsui Life; trading banks: Asahi Sakura
The Ito-Yokado Group was founded in 1920, and after more than 80 years of development, it now owns more than 60 companies, with businesses ranging from retailing, catering and finance to processing and manufacturing and publishing. Retail is the main area in which the Ito-Yokado Group is involved, with formats including convenience stores, hypermarkets, supermarkets, department stores, specialty stores and discount stores. Ito-Yokado is a famous brand store of the Ito-Yokado Group, mainly a hypermarket, with more than 180 stores in Japan .
It was ranked 161st among Fortune 500 companies in 2002 with sales of $26.8 billion, and again in 2003 it was ranked 148th with sales of $27.2 billion. Ito's department store segment includes Ito-Yokado superstores and the York Mart supermarket chain, as well as the domestic Ito-Yokado in Chengdu and the two Hwatang shopping malls in Beijing. 2001 department store segment revenues rose 1.5% to 1.5 trillion yen, accounting for 45.3% of its total revenues. Its Beijing Hwatang malls saw revenue growth of about 70% in 2001, and the total revenue of these three Ito-Yokado stores alone amounted to 1.7 billion yuan, placing them within the top 50 of the top 100 retailers in China. As of May 2010 has opened *** counting 9 stores in Beijing.
Ito-Yokado began to get involved in China's distribution industry in 1997, and successively established joint ventures in Chengdu and Beijing, and took the establishment of nationwide chain stores in China as the basic goal and strategy of its market expansion.
October 1997, by the Ito-Yokado, China Sugar & Liquor Group Corporation and other *** together with the capital of the Hwatang Yokado Commercial Company Limited was established, and according to the development plan, the first phase will be the first phase of the company, and the first phase will be the first phase of the company. According to the development plan, three chain stores will be established in Beijing in the first phase, and the No.1 store - Hwatang Shopping Mall Shilibao Store was officially opened in April 1998, and the No.2 store - Asian Games Village Store was officially opened in April. The second store, Asian Games Village Store, has also opened. Chengdu Ito-Yokado Co., Ltd. was established in November 1997 as a joint venture, integrating apparel, home furnishings, and food products, with more than 40,000 kinds of merchandise, including fresh food. There are 6 stores including Chengdu Ito-Yokado Chunxi Store, Shuangnan Store, Jinhua Store, Jianjian Store, Gaoxin Store and Wenjiang Store. Among them, the Gaoxin Store is currently the largest store of Ito-Yokado in China, ****with 5 floors of business floors. Chunxi store opened on November 21, 1997, Shuangnan point opened on September 30, 2003, Jinhua store opened on December 22, 2007, Construction store opened on November 24, 2009, Gaoxin store opened on November 8, 2011, Wenjiang store opened on January 18, 2014.
In 2011, the opening of Chengdu Ito-Yokado flagship store - Ito-Yokado Gaoxin Store, located in Chengdu South Extension, will be the first Ito-Yokado shopping mall in China.
The corporate brand is ranked in the 2006 World Brand 500 list compiled by World Brand Lab as the three hundred and thirty-four.