Daiei was founded in 1957 by Isao Nakauchi in Osaka. Today, it is Japan's largest supermarket chain. The retail chain expanded rapidly in the 1970s and 1980s. However, total sales declined massively in the five years of Japanese recession leading up to 2003.
As a consequence, the company has been acquired by IRCJ (Industrial Revitalization Corporation of Japan), Marubeni Corporation (trading company), and Advantage Partners(private equity house) in 2005.
The mission of Daiei is: to support the healthy dietary life of the customer & to make the commodity which is closest to the customer’s heart.
Area of Operation
The core business of Daiei is retail, more specifically—supermarket chain.
Broadly speaking, the businesses of Daiei are:
- Specialty store
- Card business
- Department store selling electronics, home furnishings, and clothes.
- Daiei holds assets of $15.51 billion.
- Daiei has made profits of $-4.89 billion in 2006.
- Daiei operates in Japan.
- Daiei has 20,012 employees.
The organization is managed by:
- Chairman and CEO
- Representative President
- Board of Directors
- Executive Officers
- Daiei ranks 922 in the world according to Forbes Magazine list.
- Daiei ranks 452 in Fortune Global 500 list.
Chuo-ku, Kobe 650-0046