Supermarket operator Daiei to close 20 outlets in 3 years

Supermarket operator Daiei to close 20 outlets in 3 years

TOKYO, Japan - Toru Nishimi, president of the supermarket operator Daiei Inc., speaks at a news conference in Tokyo on April 10 about a plan to close 20 outlets, or about 10 percent of the total, by the end of February 2012.

Daiei unveils 3-yr business plan

Daiei unveils 3-yr business plan

TOKYO, Japan - Toru Nishimi, president of struggling retailer Daiei Inc., speaks about the company's three-year management plan at a news conference in Tokyo on May 17. Under the plan to improve profitability, the company is aiming for a group operating profit of 27 billion yen in fiscal 2009.

Daiei parent sales fall below 1 tril. yen for 1st time 28 yrs

Daiei parent sales fall below 1 tril. yen for 1st time 28 yrs

TOKYO, Japan - Toru Nishimi, president of Daiei Inc., speaking at a news conference in Tokyo on April 20 where the struggling supermarket chain announced that its parent-only operating revenues sank below 1 trillion yen in the 2006 business year for the first time in 28 years.

Aeon board member Kawato to be Daiei chairman

Aeon board member Kawato to be Daiei chairman

TOKYO, Japan - Aeon Mall Co. President Yoshiharu Kawato (R), who has been named as chairman of Daiei Inc., speaks at a news conference in Tokyo on March 20 together with Daiei President Toru Nishimi (C) and Fumiko Hayashi (L), the current Daiei chairman who will stand down as Daiei vice chairman.

Daiei, Aeon, Marubeni join hands

Daiei, Aeon, Marubeni join hands

TOKYO, Japan - (From L to R) Motoya Okada, president of Japan's major supermarket chain Aeon Co., Nobuo Katsumata, president of trading house Marubeni Corp., and Toru Nishimi, president of struggling retailer Daiei Inc., join hands as the three companies signal they will join forces to create Japan's top retail group.

Daiei's operating profit jumps 42% on brisk credit card business

Daiei's operating profit jumps 42% on brisk credit card business

TOKYO, Japan - Daiei Inc. President Toru Nishimi speaks at a press conference in Tokyo on Oct. 20. The company reported a group operating profit of 25.45 billion yen for the first half of the current business year, up 41.9 percent from a year earlier, backed by improved retail profitability and a brisk performance by its credit card subsidiary OMC Card Inc.

Daiei's new management team launched, led by ex-Marubeni execs

Daiei's new management team launched, led by ex-Marubeni execs

TOKYO, Japan - Daiei Inc. Chairwoman Fumiko Hayashi (L) and new President Toru Nishimi shake hands during a press conference in Tokyo on Oct. 6. Nishimi, a former corporate senior vice president of Daiei's top shareholder Marubeni Corp., replaced Yasuyuki Higuchi.

Daiei's new management team launched, led by ex-Marubeni execs

Daiei's new management team launched, led by ex-Marubeni execs

TOKYO, Japan - Daiei Inc. Chairwoman Fumiko Hayashi (L) and new President Toru Nishimi shake hands during a press conference in Tokyo on Oct. 6. Nishimi, a former corporate senior vice president of Daiei's top shareholder Marubeni Corp., replaced Yasuyuki Higuchi. (Kyodo)

Daiei's operating profit jumps 42% on brisk credit card business

Daiei's operating profit jumps 42% on brisk credit card business

TOKYO, Japan - Daiei Inc. President Toru Nishimi speaks at a press conference in Tokyo on Oct. 20. The company reported a group operating profit of 25.45 billion yen for the first half of the current business year, up 41.9 percent from a year earlier, backed by improved retail profitability and a brisk performance by its credit card subsidiary OMC Card Inc. (Kyodo)

Daiei seeking to cut debts to 100 bil. yen from 350 bil. yen

Daiei seeking to cut debts to 100 bil. yen from 350 bil. yen

TOKYO, Japan - Toru Nishimi, president of supermarket chain operator Daiei Inc., speaks in a recent interview with Kyodo News in Tokyo. (Kyodo)

Daiei, Aeon, Marubeni join hands

Daiei, Aeon, Marubeni join hands

TOKYO, Japan - (From L to R) Motoya Okada, president of Japan's major supermarket chain Aeon Co., Nobuo Katsumata, president of trading house Marubeni Corp., and Toru Nishimi, president of struggling retailer Daiei Inc., join hands as the three companies signal they will join forces to create Japan's top retail group. (Kyodo)

Aeon board member Kawato to be Daiei chairman

Aeon board member Kawato to be Daiei chairman

TOKYO, Japan - Aeon Mall Co. President Yoshiharu Kawato (R), who has been named as chairman of Daiei Inc., speaks at a news conference in Tokyo on March 20 together with Daiei President Toru Nishimi (C) and Fumiko Hayashi (L), the current Daiei chairman who will stand down as Daiei vice chairman. (Kyodo)

Daiei parent sales fall below 1 tril. yen for 1st time 28 yrs

Daiei parent sales fall below 1 tril. yen for 1st time 28 yrs

TOKYO, Japan - Toru Nishimi, president of Daiei Inc., speaking at a news conference in Tokyo on April 20 where the struggling supermarket chain announced that its parent-only operating revenues sank below 1 trillion yen in the 2006 business year for the first time in 28 years. (Kyodo)

Daiei unveils 3-yr business plan

Daiei unveils 3-yr business plan

TOKYO, Japan - Toru Nishimi, president of struggling retailer Daiei Inc., speaks about the company's three-year management plan at a news conference in Tokyo on May 17. Under the plan to improve profitability, the company is aiming for a group operating profit of 27 billion yen in fiscal 2009. (Kyodo)

Supermarket operator Daiei to close 20 outlets in 3 years

Supermarket operator Daiei to close 20 outlets in 3 years

TOKYO, Japan - Toru Nishimi, president of the supermarket operator Daiei Inc., speaks at a news conference in Tokyo on April 10 about a plan to close 20 outlets, or about 10 percent of the total, by the end of February 2012. (Kyodo)