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    3048   JP3800390001

BIC CAMERA INC.

(3048)
  Report
End-of-day quote. End-of-day quote Japan Exchange - 09/21
1064 JPY   -2.92%
08/30BIC CAMERA INC. : Ex-dividend day for final dividend
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08/18BIC CAMERA : June 2021(PDF:184KB)
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08/18BIC CAMERA : July 2021(PDF:184KB)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Bic Camera shop opens in Mitsukoshi's flagship department store

02/07/2020 | 06:03am EDT

Bic Camera Inc., a consumer electronics mass retailer, opened a new shop Friday in Mitsukoshi's flagship department store in Tokyo, focusing on high-end products to attract affluent customers.

In a separate move marking a collaboration between different retailers, electrical appliance chain Yamada Denki Co.'s renovated flagship store in central Tokyo on Friday opened a floor dedicated to furniture seller Otsuka Kagu Ltd., which Yamada acquired in December.

The collaborations are bids by the electronics retailers to increase customer reach, which has been considerably chipped away by online shopping.

Bic Camera has 1,200 square meters of floor space in Nihombashi Mitsukoshi Main Store's annex building run by Isetan Mitsukoshi Holdings Ltd., selling more expensive products than those in its regular stores such as a large-screen 8K TV with a price tag of about 3.6 million yen ($32,700), and high-end speakers.

To further the impression of luxury, the new Bic Camera store's staff wear suits instead of the company's traditional red vests.

As for Yamada Denki, the collaboration with Otsuka Kagu is an attempt to sell a package of appliances and other household goods

Otsuka offers dining sets costing between 200,000 and 300,000 yen and luxurious beds at the Yamada Denki store. It also displays sofas at the store's section where Yamada sells TVs.

"It has become a store that can offer products for all aspects of our customer's lives, not just consumer electronics," Yamada Denki President Tsuneo Mishima told reporters at the store.

"We can reach a wider range of prospective customers to show our products," said Otsuka Kagu President Kumiko Otsuka.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
BIC CAMERA INC. -2.92% 1064 End-of-day quote.-7.07%
ISETAN MITSUKOSHI HOLDINGS LTD. -1.11% 799 End-of-day quote.30.98%
YAMADA HOLDINGS CO., LTD. -2.26% 476 End-of-day quote.-13.14%
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Analyst Recommendations on BIC CAMERA INC.
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Financials
Sales 2021 855 B 7 825 M 7 825 M
Net income 2021 8 501 M 77,8 M 77,8 M
Net Debt 2021 49 661 M 454 M 454 M
P/E ratio 2021 22,0x
Yield 2021 1,41%
Capitalization 187 B 1 713 M 1 713 M
EV / Sales 2021 0,28x
EV / Sales 2022 0,27x
Nbr of Employees 9 024
Free-Float 58,8%
Chart BIC CAMERA INC.
Duration : Period :
Bic Camera Inc. Technical Analysis Chart | 3048 | JP3800390001 | MarketScreener
Technical analysis trends BIC CAMERA INC.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Last Close Price 1 064,00 JPY
Average target price 1 030,00 JPY
Spread / Average Target -3,20%
EPS Revisions
Managers and Directors
Kazuyoshi Kimura President & Representative Director
Masaaki Sato Independent Outside Director
Hitoshi Kawamura Representative Director & Executive Vice President
Toru Abe Director, Manager-Investor & Public Relations
Eiji Tamura Director, GM-General Affairs & Manager-Personnel
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