Yaohan

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Japanese retail group

title: "Yaohan" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["aeon-group", "defunct-companies-of-hong-kong", "companies-that-have-filed-for-bankruptcy-in-japan", "supermarkets-of-japan", "multinational-companies-headquartered-in-hong-kong", "retail-companies-established-in-1930", "retail-companies-of-hong-kong", "retail-companies-disestablished-in-1997", "companies-formerly-listed-on-the-tokyo-stock-exchange", "japanese-companies-disestablished-in-1997", "japanese-companies-established-in-1930", "1997-mergers-and-acquisitions"] description: "Japanese retail group" topic_path: "geography/japan" source: "https://en.wikipedia.org/wiki/Yaohan" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Japanese retail group ::

::data[format=table title="Infobox company"]

FieldValue
nameYaohan Co., LTD.
native_name株式会社ヤオハン
romanized_nameKabushiki gaisha Yaohan
logoYaohan logo.svg
industryRetail
fateBankrupt
Most assets acquired by ÆON
Japanese stores became MaxValu; some overseas stores became JUSCO (now ÆON)
predecessor
founded1930 in Japan
1948 (incorporated)
founderRyohei and Katsu Wada
defunct1997
area_servedWorldwide
key_peopleKazuo Wada
owner
successorMaxValu (in Japan)
num_employees_year
::

| name = Yaohan Co., LTD. |native_name = 株式会社ヤオハン | romanized_name = Kabushiki gaisha Yaohan | logo = Yaohan logo.svg | type = | industry = Retail | fate = Bankrupt Most assets acquired by ÆON Japanese stores became MaxValu; some overseas stores became JUSCO (now ÆON) | predecessor = | founded = 1930 in Japan 1948 (incorporated) | founder = Ryohei and Katsu Wada | defunct = 1997 | area_served = Worldwide | hq_location_country = | key_people = Kazuo Wada | products = | owner = | successor = MaxValu (in Japan) | num_employees = | num_employees_year =

Yaohan Co., Ltd. or Yaohan; () was a Japanese retail group, founded in 1930 by Ryohei Wada and his wife . Initially a single shop selling vegetables, it was expanded by their son Kazuo Wada into a major supermarket chain with most retail outlets located in Shizuoka prefecture, south of Tokyo. It was incorporated in 1948 and listed on Tokyo Stock Exchange. The store was far more established and notable outside Japan, due to restrictive laws in Japan that made it difficult to set up new businesses, such that by the time it opened its first store in the Tokyo metropolitan area, the company was already in a state of decline due to accumulated debts from over-expansion.

Growth

::figure[src="https://upload.wikimedia.org/wikipedia/commons/b/b3/Whampoagarden.jpg" caption="The Whampoa]]'', a 110-meter-long shopping centre building that takes the form of a ship in Whampoa Garden, Hong Kong, housed a large Yaohan department store on its ground and basement levels from the 1980s to the late 1990s."] ::

::figure[src="https://upload.wikimedia.org/wikipedia/commons/5/54/YAOHAN_Little_Tokyo.JPG" caption="url-status=dead}} [[San José, Costa Rica]], Los Angeles, Vancouver ([[Yaohan Centre]]), [[Honolulu]], London, and [[San Jose, California]]. Yaohan's first North American location, at Fresno, California, was opened in 1979 at Yaohan Plaza."] ::

Its training center was located at Atami.

Typical of large Japanese companies, new employees were required to go through induction training programs that, in the case of Yaohan, had a strong religious emphasis on the principles of Seicho-no-Ie. Employees also had to go through regular seminars on Seicho-no-Ie and were ultimately required to be members of Seicho-no-Ie. This was not without resistance from its employees. Although the company was less strict on seminar attendance and membership for employees of overseas branches, the same resistance persisted.

Hong Kong

The first Yaohan store was opened in New Town Plaza, Sha Tin, Hong Kong in 1984. After that, Yaohan store grew quickly in Hong Kong and had opened nine stores, which include Tuen Mun Town Plaza, Whampoa Garden, Yuen Long, Ma On Shan, Tsuen Wan. All the stores were closed in 1997 due to the financial turmoil and the burst of the Japanese economy bubble. Then many stores were replaced by another Japanese department store chain, JUSCO (now called AEON).

Yaohan is one of the listed companies in Hong Kong during 1986 to 1997. It has owned many companies, such as the Wonderful World of Whimsy, Millie, Santa Ana Bakery and some another fast-food restaurant. But many of them were closed later.

Macau

Yaohan store was established and opened in 1992 in Macau. It is the first and the only department store in Macau until now. It was renamed as New Yaohan after the bankruptcy of the original company, and the new company is operated by Yaohan International Company Limited.

Malaysia

::figure[src="https://upload.wikimedia.org/wikipedia/commons/2/22/Sunway_Putra_Mall,_Kuala_Lumpur_20240212_134046.jpg" caption="Sunway Putra Mall, where Yaohan's first Malaysian store once operated from 1987 to 1997. It is still referred to as ''Yaohan'' by the locals"] ::

The Malaysian branch of Yaohan operated by Yaohan Malaysia Sdn Bhd was owned by Metroplex Group Sdn Bhd, with the latter owning 36.5% of its shares while Yaohan Group Malaysia is owned by Yaohan of Japan with 22.87% of its shares owned by Metroplex Group.

Yaohan expended to Malaysia in May 1987 with its first store at The Mall in the Chow Kit district of Kuala Lumpur. Yaohan later opened an outlet in Johor Bahru (with Pelangi Berhad) and Penang.

In 1992, Yaohan Malaysia planned to open five more outlets within five years, including one in Sabah, totalling into nine outlets.

By 1997, Yaohan had expanded to seven stores including two in East Malaysia:

Following the chain's bankruptcy in 1997, all stores were replaced by Aktif Lifestyle Corporation Bhd in January 1998 and later Parkson in 2004.

Singapore

The Singapore branch of Yaohan was a joint venture of Yaohan Department Store Co, Ltd. and Development Bank of Singapore, Singapore Nomura Merchant Bank, Singmanex Pte Ltd and Tiger Pte Ltd. As of 1974, the branch had 550 staff; expanding to 1400 by 1979. The branch also owned the Yaohan trademark for Singapore, Malaysia and Brunei.

Yaohan had two bakeries: one in Woodlands and in Jurong, opened in April 1980. Its subsidiary, Shin Mei Trading, exports locally made products such as candy, ivory products and garments.

One of the oldest Japanese retailers in Singapore, its first store in 1974 at Plaza Singapura revolutionised the grocery shopping experience in Singapore, Other stores were also opened in Thomson Plaza (1979), Bukit Timah (1982), Jurong (1983), and Parkway Parade (1983). When the last store to cease operations in 1997 exited Singapore from Thomson Plaza, its staff were visibly moved and some were in tears. Also in operation in Singapore since 1985 was the Yaohan Best chain (a joint venture with Best Denki), specializing in electronics, which first opened in Yaohan's store space.

In 1993, Yaohan Singapore was restructured with its retail business moved to Yaohan Department Store Singapore and real estate moving to Exceltech. Its retail business would be listed in 1996.

Brunei

Yaohan expanded to Brunei with its first store at Abdul Razak Plaza opened on March 13, 1987. Over 40,000 customers visited the store on its first day of operations. Yaohan Brunei was a joint venture of Yaohan Department Store of Japan and Haji Awang Abdul Hapidz, then-president of Malay Chamber of Commerce and Brunei National Chamber of Commerce and Industry.

Thailand

The first Yaohan store was opened in Thailand at Fortune Town, Ratchadaphisek Road, Bangkok in 1991 following by Future Park Bang Khae in 1994. () Withdrew during the year 1997 following financial crisis.

Indonesia

In 1992, Yaohan opened its first branch in Indonesia at Plaza Atrium, a shopping center in the Segitiga Senen superblock, Central Jakarta. Opening on 21 August 1992, the 3-storey store was 100% managed and owned by PT Suryaraya Mantaputama (co-owned by Suhartoyo, T.P. Rachmat, Djoko Soedjatmiko and Ali Santoso), being supported with a US$10 million investment from Yaohan International Company Limited, which also licensed branding, distribution, and basic training. After the Plaza Atrium branch, there were plans to open a second branch in Mal Kelapa Gading 2, although it was instead replaced with a Sogo. This outlet closed in early 1995, due to its inconspicuous location being unattractive for its target customers, resulting in rapid loss. It has since been replaced by Matahari, a local department store chain. A few unrelated supermarkets under the name Macan Yaohan also opened since 1985 in Medan, although all locations had since closed in 2015.

Decline

::figure[src="https://upload.wikimedia.org/wikipedia/commons/a/a8/Yaohan_Centre_2018.jpg" caption="Yaohan Centre in Richmond, BC. The shopping centre retained its name after purchase by the President Group"] ::

When the company faced financial difficulties, it was split into two companies, one in Japan and with the overseas part headquartered in Hong Kong, in a bid to survive. The group was traded on the Hong Kong Stock Exchange as Yaohan International Company Limited until 11 August 1998. Through a combination of the 1997 Asian financial crisis and the stagnation of the Japanese retail market, however, the group declared bankruptcy with 161 billion yen of debts. It was the biggest postwar failure in Japan's retail sector at the time. Already at a "financial dead-end", the super-market chain asked for protection from creditors under Japan's Corporate Rehabilitation Law on 18 September 1997. Many outlets were closed.

In December 1997, Yaohan in Japan was bought by ÆON Group and changed its name to Maxvalu Tokai; most of the stores in Hong Kong were also overtaken by ÆON and became JUSCO. Other stores in the US were bought by Maruwa, Mitsuwa, and Marukai, the latter two based in Los Angeles. Stores in Canada were bought by The President Group, a Taiwanese company.

A former Yaohan department store in Macau is operating under the trading name New Yaohan (新八佰伴), operated by Yaohan International Company Limited in Hong Kong which is owned by STDM (controlled by Stanley Ho) and no longer has a connection with the Wada family. Yaohan Best has been renamed as Best Denki.

References

References

  1. (8 July 2019). "Japan supermarket giant Yaohan company went bankrupt".
  2. (September 19, 1997). "Bankruptcy protection for Yaohan Japan". Business Times (Singapore).
  3. Jornal Cruzeiro do Sul/FUA. (5 June 2012). "Yaohan ainda está na memória". Jornal Cruzeiro do Sul.
  4. (2013). "Japanese New Religions in Global Perspective". Routledge.
  5. (January 26, 1996). "Yaohan hopes to acquire The Mall". Business Times (Singapore).
  6. (September 29, 1989). "Yaohan plans to expand operations with outlets in Johor Baru and Penang". The Straits Times.
  7. (May 4, 1992). "KL retail sector set to grow by 10%". The Straits Times.
  8. "Lahad Datu info.".
  9. "28HG+GCP Bandar Lahad Datu, Lahad Datu, Sabah".
  10. "New Straits Times – Google News Archive Search". New Straits Times.
  11. (2 November 1974). "The one-stop centre for the family shopping...". New Nation.
  12. (November 9, 1979). "Yaohan stakes in Chile beef". New Nation.
  13. (September 20, 1997). "Yaohan S'pore put under interim judicial management". Business Times (Singapore).
  14. "アジアのテレビ放送局の現状と課題 – 第24回JAMCOオンライン国際シンポジウム – JAMCO".
  15. [https://web.archive.org/web/20020624183757/http://siamfuture.com/AsianNews/AsianNewsTxt.asp?aid=2358 Siam Future : Seiyu Singapore posts first full-year net profit]
  16. "Institute for Retail Studies".
  17. (29 January 2014). "Yaohan (Singapore)".
  18. (1 June 2015). "Straits Times readers share fond memories of Yaohan shopping centres".
  19. (July 2, 1993). "Yaohan S'pore undergoes restructuring". Business Times (Singapore).
  20. (March 17, 1987). "Yaohan group extending international network". Business Times (Singapore).
  21. [https://books.google.com/books?id=0y3pAAAAMAAJ&q=karabha+ Eksekutif, Masalah 159-162]
  22. YOEDHA, DHIA PREKASHA. Bisnis Eceran (1). Riuh Mengais Kocek dan Gengsi Konsumen. 18 September 1992. Kompas.
  23. (TOM). (21 August 1992). "Yaohan Hadir Di Jakarta". Kompas.
  24. NIC, DRM. Plaza Atrium Senen yang Merana. 24 September 2001. Kompas
  25. (October 7, 1997). "Jusco to lend hand to Yaohan". The Straits Times.
  26. (December 19, 1997). "Jusco to take over Yaohan Japan's operations". Business Times (Singapore).

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aeon-groupdefunct-companies-of-hong-kongcompanies-that-have-filed-for-bankruptcy-in-japansupermarkets-of-japanmultinational-companies-headquartered-in-hong-kongretail-companies-established-in-1930retail-companies-of-hong-kongretail-companies-disestablished-in-1997companies-formerly-listed-on-the-tokyo-stock-exchangejapanese-companies-disestablished-in-1997japanese-companies-established-in-19301997-mergers-and-acquisitions