Laox

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Corporate History | Laox Co.,Ltd.

Corporate History

2018
September
Opened an overseas flagship store on Kaola.com, a cross-border E-commerce site, completing the move to open a flagship store on each of the three largest E-commerce platforms in China (T-mall, Suning.com, & Kaola.com)
April
Made Shaddy Co., Ltd., which sells gift-related products, a subsidiary
January
Acquired shares of SAP Corporation, which manages events at cultural heritage sites, to make it a subsidiary
2017
December
Established Laox Shopping Center Development Co., Ltd., a subsidiary that manages and operates commercial facilities
July
Acquired shares of Aito Transportation Co., Ltd., which operates sightseeing taxi service, to make it a subsidiary
March
Established Food Creation Co., Ltd., a subsidiary that manages restaurants
2016
August
Acquired shares of Shinei Co., Ltd., which designs and wholesales women’s shoes, and Shinko Shoes Co., Ltd., which manufactures women’s shoes
2015
December
Concluded an agreement with Greenland Holdings, one of the largest real estate developers in China, to establish a joint venture
September
Established Onward J Bridge Co., Ltd., a joint venture company, with Onward Holdings Co., Ltd.
July
Acquired shares of Mode Et Jacomo Co., Ltd., a maker and seller of women’s shoes, to make it a subsidiary
April
Implemented the capital increase through the third-party allotment to our parent company
2013
November
Opened Laox Ginza Main Store, a new type of large-scale tax-free store in the Ginza area
2011
December
Opened Nanjing Laox LifeYinhe Store, the first store in China
※Physical stores were closed under the revised strategy in 2016.
November
Established Laox (Nanjing) Product Procurement CO., LTD. and Laox (Nanjing) Trading CO., LTD. in preparation for full-scale expansion into the Chinese market
August
Suning Appliance Co., Ltd. (currently Suning.com) became Laox’s parent company
2010
May
Established Laox (Legousi) (Shanghai) Trading Co., Ltd to spearhead the advance into the Chinese market
2009
October
Opened Laox Akihabara Main Store, the first general tax-free store
June
Concluded a business capital alliance agreement with Suning Appliance. Co., Ltd. (currently Suning.com) and Japan Tax-Free Tourism Co., Ltd.
1999
December
Shares listed on Second Section of Tokyo Stock Exchange
1976
October
Changed trade name to Laox Co., Ltd.
1948
July
Electric home appliance division spun off from Taniguchi Electric Corporation and established as Asahi Musen KK
1945
October
Taniguchi Shoten moved to Chiyoda-ku, Tokyo, organized into a corporation, and established as Taniguchi Electric Corporation
1930
May
Founder Taniguchi Masaharu established Taniguchi Shoten in Sumida-ku, Tokyo

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