Iizudo Trading Co., Ltd.

Established Iizudo Department Store Co., Ltd. (Capital 1,000,000 yen)

Opened Iizudo (now Main Store)

Absorbed Merger with Kuki Department Store Co., Ltd.

Changed corporate name to Iizudo Co., Ltd.

Opened Hachiman Store (now Kurozaki Store)

Listed on Fukuoka Stock Exchange

Established Iikou Co., Ltd. to spin off Iizuko Branch (March 1965, renamed to Iizuko Iizudo Co., Ltd. (now subsidiary))

Iizuko Iizudo Co., Ltd. opened Iizuko Store

Established Hakata Iizudo Co., Ltd. with joint investment from Hakata Station Building Co., Ltd.

Acquired majority stake in Kurume Iizudo Co., Ltd. (now subsidiary)

Established Iizudo Chimaya Co., Ltd. with joint investment from Ube Chimaya Co., Ltd. (April 1972, renamed to Ube Iizudo Co., Ltd.)

Iizudo Chimaya Co., Ltd. opened Iizudo Chimaya (now Ube Store)

Listed on Tokyo Stock Exchange Second Section

Main Store Expansion Completed

Reclassified to Tokyo Stock Exchange First Section

Opened Nakatsu Store

Renamed Hachiman Store to Kurozaki Store

Opened New Main Store

Opened Kokurakita Riverside China at Main Store

Closed Nakatsu Store

Moved Kurozaki Store to current location

Establishment of Izutsuya Outdoor Trading Service Co., Ltd. (currently a consolidated subsidiary)

Opening of Izutsuya Annex-1

Closure of Hakata Izutsuya Co., Ltd.'s Hakata Store

Acquisition of all shares of Kokura Isetan Co., Ltd. and full subsidiary conversion

Name change of Kokura Isetan Co., Ltd. to Collet Izutsuya (currently a consolidated subsidiary) and opening of Collet Izutsuya

Name change of Ube Izutsuya Co., Ltd. to Yamaguchi Izutsuya (currently a consolidated subsidiary)

Opening of Yamaguchi Izutsuya Co., Ltd.'s Yamaguchi Store

Closure of Kurume Izutsuya Co., Ltd.'s Kurume Store

Termination of department store operations by Iizuka Izutsuya Co., Ltd.

Suspension of business activities by Kurume Izutsuya Co., Ltd.

Acquisition of all shares of Ebisu Co., Ltd. and consolidation (April 2014) along with absorption merger

Closure of Izutsuya Annex-1

Name change of Izutsuya Outdoor Trading Service Co., Ltd. to Izutsuya Trading Co., Ltd. (currently a consolidated subsidiary)

Closure of Ube Store by Yamaguchi Izutsuya Co., Ltd.

Closure of Collet by Collet Izutsuya Co., Ltd.

Reduction of operating scale at Kurozaki Store from 7 floors to 3 floors

Closure of Izutsuya Kurozaki Store by Izutsuya Co., Ltd.

Capital reduction to 100 million yen

Transition to the Standard Market following the restructuring of the Tokyo Stock Exchange