BIC Camera

Retailer Bic Camera, Inc. sells gadgets to the general public in Japan.

BIC Camera
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Retailer Bic Camera, Inc. sells gadgets to the general public in Japan. At the moment, there are 41 locations in Japan and they have a 50% stake in Kojima and a 100% stake in Sofmap, a computer retail chain.

Sogo’s Yrakucho building was purchased by Bic Camera in 2001 as part of the company’s expansion plans for the city. All around Japan in the 2000s, Bic Camera opened shops that were directly attached to JR stations. It was a significant event when Bic Camera moved its headquarters from Nishi-Ikebukuro to Takada. For the first time ever, a Japanese corporation went public on the JASDAQ Securities Exchange on August 10 after acquiring Sofmap in February of this year.

They purchased a 3.2 percent stake in Tokyo Broadcasting System earlier this year. After acquiring a 9.33 percent stake in Best Denki on October 5, 2007, Bic Camera now owns 14.95 percent of the company. After being listed on the Tokyo Stock Exchange on June 10, 2008, the company was delisted on August 29, 2008. (JASDAQ). TSE fined them US$1.3 million in 2009 after the company’s shares had lost half their value in the first quarter of that year due to accounting irregularities. Because of this, Arai resigned as chairman and the business was taken off the Tokyo Stock Exchange’s list of publicly traded companies. They took over Sofmap on January 26, 2010 and delisted the company from the stock market as a result. They purchased Sakuraya, a rival company, in June 2010.

With the opening of their first store in Tokyo’s Ikebukuro neighborhood, Bic Color was changed to Bic Camera in 1978. Bic Camera began as a retailer of low-cost cameras, but it has since evolved to include a wide range of products, including electronics, laptops, alcoholic beverages, golf clubs, bedding, luxury brand goods, bicycles, and children’s toys.

Bic Camera’s PC division was spun off in 1994 to Bic Personal Computer Hall Kabushiki gaisha Bikku Pasokon-kan). In 2000, this business was reintegrated into the parent firm following a drop in PC sales. Bic Camera, the primary shareholder of Nippon BS Broadcasting Corp., formed the company in 1999. Bic Camera protested France’s nuclear weapons tests in the South Pacific in 1995 by displaying banners.