EDION Corporation

(short for "Exciting Discovery In One Network") is a consumer electronics retailer chain in Japan. It was formerly a holding company that operated multiple chain brands. As of 2023, EDION is the fifth largest electronics and home appliance retailer, behind Yamada Denki, Bic Camera, K's Holdings, and Yodobashi Camera.

History

EDION was founded on March 29, 2002 as a joint holding company of Chūbu region chain and Chūgoku region chain Deodeo. In order to compete with northern Kantō region electronics retailers such as Yamada Denki, which were expanding nationwide, EDION entered into business alliances with Osaka chain , Kansai region chain , Hokuriku region and Hokkaido chain , and Tōhoku region and Hokkaido chain . The was formed by the five companies to plan and develop original products. However, in 2004, Midori Denka merged with EDION, and the alliance with the remaining three companies was temporarily dissolved. In July 2006, EDION absorbed Kantō region chain . The company also invested in , a core company of the Maruni Group that manufactures furniture, showing its desire to become an fast fashion specialist.

In February 2007, EDION acquired 40% of the shares in 3Q and made it a consolidated subsidiary. Listed on the Tokyo Stock Exchange and Nagoya Stock Exchange (), the head office moved from Nagoya to Osaka from January to July 2007 with the aim of strengthening the foundations of the Kansai region. In total, the company operates 1,212 stores under its umbrella (as of March 2014). On February 8, EDION entered into a business and capital alliance with Bic Camera to develop an urban station-type business. Ultimately, the aim was to integrate the businesses, but as it became clear that there were differences in direction, the two companies decided to only form a business partnership and the integration was scrapped. After that, the business partnership with Bic Camera was terminated at the expiration of the two-year contract.

In October 2009, the operating subsidiaries were reorganized into two divisions: EDION East and EDION west. A year later, both divisions were merged and transferred from a holding company to an operating company, completing a series of integrations. In conjunction with the series of reorganizations, the company established a "regional brand" strategy and transferred stores outside its territory to its original regional management company.

In 2012, Best Denki entered into a capital and business alliance with Yamada Denki. On December 10, the Fair Trade Commission approved the merger on the condition that eight of the 10 areas where there are no stores other than those of the two companies would be transferred to other businesses. From September to November, EDION acquired six stores located in Chichibu, Asakura, Karatsu, Shimabara, Isahaya, and Hitoyoshi from Yamada Denki and Best Denki. At the same time, on October 16, 2013, EDION acquired , which was a Best Denki franchisee in Kagoshima Prefecture. On October 25, 17 Best Denki stores opened as "EDION Kagoshima".

On August 26, 2013, EDION announced a capital and business alliance with Lixil Group. At the same time, a third-party allotment of capital was carried out, and on September 11, Lixil Group became the largest shareholder with an 8.00% stake (currently the second largest shareholder), and EDION became engaged in the housing remodeling business.

On April 27, 2022, EDION formed a capital and business alliance with Nitori Holdings. On May 13, Lixil planned to acquire all of the EDION shares held by Lixil, and held a total of 10%, including the portion acquired on the market. Later, in October of the same year, it was announced that Nitori products would be sold at some stores.

Marketing

To celebrate its 10th anniversary in 2012, EDION partnered with Celine Dion to promote the rebranding of Ishimaru, Midori, Eiden, and Deodeo stores nationwide, using the catchphrase: .

Naming rights

In 2013, EDION acquired the naming rights to the Hiroshima Big Arch, which is currently known as the Edion Stadium Hiroshima. In June 2015, the company purchased the naming rights to the Osaka Prefectural Gymnasium, which is currently known we the EDION Arena Osaka. EDION owns the naming rights to the EDION Peace Wing Hiroshima, a soccer stadium scheduled to open in 2024 as the new home of the J.League team Sanfrecce Hiroshima.

Stores

File:EDION Namba Honten.jpg, EDION Namba main store, Osaka
File:EDION Higashiosaka shop.jpg, EDION Higashiōsaka (former Midori Denka), Osaka
File:EDION Kadoma store.jpg, EDION Kadoma (former Midori Denka), Osaka
File:EDION Kyobashi store &LIFE Corporation Kyobashi store.jpg, EDION Kyōbashi, Osaka
File:EDION Takatsuki-Miyata shop.jpg, EDION Takatsuki, Osaka
File:EDION AKIBA.JPG, Edion Akiba (former Ishimaru Denki), Tokyo
File:KYOTO KAWARAMACHI GARDEN.jpg, EDION Kyoto Kawaramachi Garden, Kyoto
File:エディオン新大宮店201307.JPG, EDION Shin-Ōmiya, Kyoto
File:Nagoya 20210310-18.jpg, EDION Nagoya (former Eiden), Nagoya
File:EDION Takinomizu Branch & Supermarket Valor Takinomizu Branch, Takinomizu Midori Ward Nagoya 2020.jpg, EDION Takinomizu, Nagoya
File:EDION Toyota main branch 20150503 172230.jpg, EDION Toyota (former Eiden), Toyota
File:Edion Kushimoto.JPG, EDION Kushimoto, Wakayama
File:EDION_JR_Amagasaki_station_store.JPG, EDION JR Amagasaki Station (former Midori Denka), Amagasaki
File:EDION Takaraduka.JPG, EDION Takarazuka, Hyōgo
File:デオデオ アルパーク南店 - panoramio.jpg, EDION Alpark Minami (former Deodeo), Hiroshima
File:Miyatamachi - panoramio (7).jpg, EDION Miyatamachi, Matsuyama
File:Edion北宇和島店 - panoramio.jpg, EDION Kita-Uwajima, Uwajima
File:EDION Toyonaka store.jpg, EDION Toyonaka, Mitoyo

References

External links

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Japanese brands
Japanese companies established in 2002
Companies listed on the Tokyo Stock Exchange
Consumer electronics retailers of Japan
Retail companies established in 2002