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Bic camera

Bic camera
Leadership team

Kazuya Yagai (Exec. Officer & Mang. of Fin. Department)

Mr. Kazuyoshi Kimura (Representative Director & Pres)

Akihiro Kamiya (Exec. Officer & Mang. of Accounting Department)

Products/ Services
Retail
Number of Employees
1,000 - 20,000
Headquarters
Toshima, Tokyo, Japan
Established
1978
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
TYO:3048
Social Media
Overview
Location
Summary
Bic Camera Inc. sells audio visual, home appliance, information communications equipment, and other products in Japan. The company offers home electrical appliances; air conditioners; lighting products; kitchen appliances; PCs, peripheral devices, and PC software; cameras and video cameras; TV recorders; and audio systems, electronic pianos, and car articles. It also provides beauty and health appliances; watches and clocks, and suitcases; pharmaceuticals, daily necessities, and cosmetics; tools, DIY, crime prevention, and disaster prevention products; and ink cartridges, media products, and batteries. In addition, the company offers bed clothing and bed interior products; games, movies, and music products; toys and hobby products; electronic dictionaries, telephones, and fax; stationery products; smartphones; sports goods, bicycles, and golf products; glasses and contact lenses; kitchen tools; and liquor and food products, as well as gifts. It operates through a network of stores, as well as offers products online. The company was founded in 1978 and is based in Tokyo, Japan.
History

In 1968, Ryuji Arai founded Takasaki DP Center Co., Ltd. in Takasaki, Gunma Prefecture. Four years later, the camera sales department was separated from the company and renamed Bic Color Co., Ltd. . In 1978, Bic Color was renamed Bic Camera, with their first store opening in Ikebukuro, Tokyo. Originally specializing in selling cameras at discount prices, Bic Camera expanded to selling home appliances, personal computers, alcoholic beverages, golf equipment, bedding, luxury brand products, bicycles, and toys.

In 1994, Bic Camera spun-off its PC section to Bic Personal Computer Hall . Following a decline in PC sales, this subsidiary was absorbed back into the company in 2000. Nippon BS Broadcasting Corp. was established in 1999, with Bic Camera as its majority shareholder. In 1995, Bic Camera displayed banners protesting France's nuclear weapons testing in the South Pacific.As part of its expansion, Bic Camera purchased Sogo's Y?rakuch? building in 2001. Throughout the 2000s, Bic Camera opened locations connected to JR stations across the country. In 2005, Bic Camera moved its headquarters from Nishi-Ikebukuro to Takada. A year later, the company purchased Sofmap in February and had itself listed in the JASDAQ Securities Exchange on August 10. In September, Bic Camera purchased a 3.2% stake in Tokyo Broadcasting System. On October 5, 2007, Bic Camera acquired a 9.33% share of rival Best Denki and increased its stake to 14.95%. On June 10, 2008, the company was listed on the Tokyo Stock Exchange and had itself delisted from JASDAQ on August 29. In 2009, Bic Camera was fined US$1.3 million by the TSE for falsifying its earnings after its shares lost half its value early that year. As a result, Arai stepped down as chairman and the company was delisted from the TSE. Sofmap was delisted on January 26, 2010 after becoming a wholly owned subsidiary of Bic Camera. In June 2010, Bic Camera absorbed rival Sakuraya.On June 26, 2012, Bic Camera purchased 50% of rival store chain Kojima. As a result of the Kojima acquisition, Best Denki split from Bic Camera and was fully acquired by Yamada Denki on July 13. On September 1, Arai was reinstated as chairman. On September 27, Bic Camera signed a partnership with clothing giant Uniqlo to convert the Shinjuku East Store to BICQLO . In April 2016, Bic Camera opened its first Air Bic Camera branch at Haneda Airport. Air Bic Camera also has locations at Narita International Airport, Chubu Centrair International Airport, and Naha Airport, as well as two branches in Odaiba.On December 19, Bic Camera partnered with Rakuten to launch Rakuten Bic . In 2018, Bic Camera reported record profits and a 50% increase in shares as a result of a rise in Chinese tourists and the store chain's acceptance of Alipay and WeChat.On February 7, 2020, Bic Camera opened its Nihonbashi Kaden branch in partnership with Mitsukoshi.

Mission
Bic Camera will strive to become a leading player in the consumer electronics retail industry by providing the best selection of products at the most competitive prices and with the highest level of service and convenience.
Vision
Bic Camera’s vision is to continuously create and provide innovative consumer electronics retail solutions to meet and exceed our customers’ expectations.
Key Team

Mr. Toru Abe (Head of PR & IR, GM of Corp. Planning Division and Director)

Koichi Komine (Head of Sales & Exec. Officer)

Koichi Sasaki (Chief of Personnel Devel. Office - Human Resource Department & Exec. Officer)

Mr. Susumu Noguchi (Sr. Managing Exec. Officer and Director)

Nobuyuki Namekata (Exec. Officer & Head of Logistics)

Hitoshi Kawamura (Exec. VP, VP & Representative Director)

Mr. Tomoyoshi Uranishi (Head of Internal Control, Sr. Managing Exec. Officer and Director)

Recognition and Awards
Bic Camera has been awarded several awards in the consumer electronics retail industry, including the Japan Retailers Association Grand Prize, the Electrical Appliance and Information Processing Retailers Association of Japan’s Innovation Award, and the Japan Good Design Award.
References

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Bic camera
Leadership team

Kazuya Yagai (Exec. Officer & Mang. of Fin. Department)

Mr. Kazuyoshi Kimura (Representative Director & Pres)

Akihiro Kamiya (Exec. Officer & Mang. of Accounting Department)

Products/ Services
Retail
Number of Employees
1,000 - 20,000
Headquarters
Toshima, Tokyo, Japan
Established
1978
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
TYO:3048
Social Media