History

2021
April
Transferred shares in the women's shoes business of Mode Et Jacomo Co., Ltd., Ogitsu Co., Ltd., and Kengwa Sogyo Co., Ltd., to ITL Holdings. Co., Ltd.
2019
December
Capital increase through third-party allotment to GRANDA GALAXY LIMITED and Global Worker Haken Co.,Ltd.Through this capital increase, GLANDA GALAXY LIMITED (a subsidiary of Suning Appliance) will become the largest shareholder and other related company of the Company.
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 Global, Suning.com, & Kaola.com)
April
Made Shaddy Co., Ltd., a retailer of gift-related products, through Acquisition of shares
2017
December
Established Laox Real Estate Co., LTD., a subsidiary that manages and operates commercial facilities
October
Acquired 95% of the shares of Ogitsu Co., Ltd., and 100% of the shares of and Kengwa Sogyo Co., Ltd., both of which are engaged in the women's shoe business.
July
2017 July Opened Chiba Port Square Port Town, a complex commercial facility
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
Issuance of the 3rd series of stock acquisition rights by GRANDA MAGIC LIMITED (a subsidiary of Suning.com) through third-party allotment GRANDA MAGIC LIMITED
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.
august
Following the Great East Japan Earthquake of March 11, Suning Appliance (now Suning.com) increased its capital urgently. Became a consolidated subsidiary of Suning Appliance (now Suning.com) through a 51.01% shareholding. The capital increase will enable us to accelerate our expansion into China
2010
September
GRANDA MAGIC LIMITED (a subsidiary of a subsidiary of Suning.com) increased its capital through a third-party allotment to NIHON KANKO MENZEI Co.,Ltd.
May
Established Laox (Legousi) (Shanghai) Trading Co., Ltd to spearhead the advance into the Chinese market (now a consolidated subsidiary).
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
September
Company split from Asahi Musen KK to separate the sales division and establish 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