Operational Performance
SKM is the largest department store in Taiwan. We have a rich history, unique forward-looking perspective, and innovative strategies. SKM continues to present an innovative lifestyle to the people, attracting crowds with one of a kind services in every location. There are more than 120 million customer visits each year. SKM will move forward with sincerity as its business philosophy and fulfill its corporate social responsibility to bring people a more remarkable experience.
Operations Overview
In 1989, the Shin Kong Mitsukoshi Department Store was established by a joint venture between Shin Kong Recreation and Japan's Mitsukoshi Department Store (as Shin Kong Mitsukoshi Department Store Co., LTD and Mitsukoshi Isetan Group nowadays). After years of hard work, SKM has become the leading department store in Taiwan. In addition to providing a pleasant shopping experience in physical stores, SKM integrates brick-and-mortar resources to develop online shopping services.
SKM chain service has 15 stores, 20 buildings, with a total floor area of 1.1 million square meters and nearly 7,000 counters in Taiwan. There are more than 120 million customer visits each year.
Name of company
Shin Kong Mitsukoshi Department Store Co., Ltd.
Date of establishment
November, 1989
Chairman
Dong-Sheng Wu
Vice Chairman
Toyohiko Tanaka
President
Richard H. Wu
Headquarters location
7-9F., No. 19, Songgao Rd., Xinyi Dist., Taipei City
Capital (NTD)
NT$ 12,459,386,720
Employees (people)
2,196 as of December 31, 2023
Our stores
Building the largest department store in Taiwan
SKM stores span across Taiwan. There are 15 stores and 20 buildings in the northern, central, and southern regions, with a total floor area of 1.1 million square meters. SKM has rich experience in store exhibitions and also presents an innovative lifestyle, attracting crowds with unique services in every location. There are more than 120 million customer visits each year.
SKM constantly pushes for a breakthrough in every business expansion, instilling the spirit of innovation in every expansion plan. We work with the characteristics of the local culture and use different spatial designs to give each store its unique features.
Taipei
The enchanting Zhongshan area
Taipei Nanxi Store
The Taipei Nanxi Stores 1 and 3 adjacent to MRT Zhongshan Station have become a shopping hub in the western district. The Taipei Nanxi Shopping District is also a diverse and popular commercial area.
Taipei
The fashion center
Taipei Xinyi Place
We have progressed from providing consumers with a great shopping experience to bringing them an enjoyable lifestyle. We integrated the horizontal sky way shopping concept and also designed an exclusive shopping space for consumers.
Taichung
The prosperous of 7th Redevelopment Zone
Taichung Zhonggang Store
This is a milestone that started the operation of large-scale stores for SKM and propelled the growth of the 7th Redevelopment Zone in Taichung.
Tainan
The breathtaking Tainan
Tainan Place
This store established a new large-scale leisure shopping model and international shopping perspective in southern Taiwan. It is a large-scale leisure shopping mall that combines the full service functions of shopping malls and department stores.
Kaohsiung
The triple railway
Kaohsiung Zuoying Store
The Zuoying Store has 12,000 square meters of green area, 70,000 flowers and trees, and the largest green wall in Taiwan. The Kaohsiung Zuoying Store is located at the Xin Zuoying Station, which is on all three railways (HSR, Kaohsiung MRT, TRA). This geographic advantage shortens the travel distance. The shopping district is also very large.
Financial Performance
Shin Kong Mitsukoshi's consolidated operating income in 2023 will be NT$28.48 billion, a growth rate of 4.4%, and a net profit after tax of NT$3.10 billion.
| Item |
2023 |
2022 |
2021 |
|
|---|---|---|---|---|
| Direct Economic Value | Operating Income |
28,476,565 |
27,266,720 |
26,130,287 |
| Non-operating Income |
1,675,111 |
1,287,188 |
1,540,545 |
|
| Economic Value Distributed | Cost of Revenue |
13,618,812 |
13,150,719 |
13,187,134 |
| Operating Expense |
8,235,064 |
7,947,112 |
8,176,499 |
|
| Employee Compensation and Welfare |
2,925,853 |
2,867,435 |
2,749,410 |
|
| Dividend Distributed to Shareholders |
2,491,877 |
1,619,720 |
1,619,720 |
|
| Corporate Income Taxes |
804,428 |
708,541 |
469,274 |
|
| Community Investments |
26,686 |
20,807 |
41,256 |
|
| Profitability | Earnings Before Tax |
3,906,040 |
3,475,915 |
2,234,690 |
| Net Income |
3,101,612 |
2,767,374 |
1,765,416 |
|
- Note1.Consolidated financial statements from SKM Department Store Co.,Ltd..
- Note2.Investments in the community are largely donated to the Shin Kong Mitsukoshi Cultural & Educational Foundation.