PROFILE |
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With big business comes big trouble, and the Saison Group knows both. The Japanese conglomerate has stakes in the food, retail, finance, transportation, real estate, and entertainment industries, among others. Group members near the top of their markets include Seiyu supermarkets, Seibu Department Stores, and Credit Saison. In recent years a sluggish Japanese economy and heavy debt have forced the Saison Group into major restructuring; it has sold Inter-Continental Hotels and Resorts to Bass of the UK and sold #3-ranked convenience store chain, FamilyMart, to Itochu.An alliance pairing Seiyu with a non-group company, Sumitomo may lead to the dissolution of the Saison group.
COMPETITION |
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The Daiei, Inc. (DAIEY)
ITOCHU Corporation (ITOCY)
Mitsukoshi, Ltd. (8231)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: February
1998 Sales (mil.): 7,915.50
1-Yr. Sales Growth: (4.9)%
Employees: 7,924
Revenue per employee: $998,927.31
KEY PEOPLE |
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Hiroshi Furue
CEO
Yo Nekura
CFO
CONTACT INFO |
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3-1-1, Higashi-Ikebukuro, Toshima-ku
Tokyo 177-6071, Japan
Phone: 81-3-3989-5069
Fax: 81-3-3989-4947
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