BillionaireNet
Shimamura
Nobutoshi Shimamura
Rank #1935
JPfashion-retailRetail

Nobutoshi Shimamura

Net Worth
$1.9B
% (24h)
Nobutoshi Shimamura, the founder of the successful discount clothing retailer Shimamura Co., passed away in July 2024 at the age of 98. His career saw him build one of Japan's leading fashion retailers, with over 2,200 stores across Japan, mainland China, and Taiwan. Shimamura's main source of wealth was retail. In 2024, his net worth was estimated to be $1.9 billion.

The Full Dossier

Early Life and Career

Nobutoshi Shimamura founded Shimamura Co., Ltd. in 1953. He started with a small textile business, eventually opening a clothing store in Tokyo. Over the decades, the company expanded significantly, growing into one of Japan's largest clothing retailers.

Rise to Success

A key strategic move was adopting a discount pricing strategy in 1985, which attracted cost-conscious consumers. Shimamura Co. was listed on the stock exchange in 1980, becoming the first apparel company in Japan to do so. The company's business model focuses on offering a wide range of affordable apparel, including casualwear and children's clothing.

Key Business Strategies

Shimamura's success can be attributed to several factors. The company operates a vast network of stores across Japan and Taiwan. They also maintain a diversified product range including everyday clothing and lifestyle products. The company focuses on cost efficiency and high inventory turnover, which has allowed it to maintain a strong market share against competitors. Shimamura has also been modernizing its operations, including enhancing its e-commerce platform.

Philanthropy

While specific philanthropy amounts were not found, the company focuses on realizing a diverse society by employing people with disabilities. As of June 2025, the company employs 973 employees with disabilities.

Career Timeline

1985

Adopted Discount Pricing Strategy

Implemented a discount pricing strategy to attract customers.

1980

Listed on the Stock Exchange

Shimamura became the first apparel company in Japan to be listed.

1953

Founded Shimamura Co., Ltd.

Established the company as a small textile business.

Philanthropic Impact

Social ImpactUndisclosed

Employment of People with Disabilities

Shimamura Group employs people with disabilities with the aim of realizing a diverse society. As of June 2025, 973 employees with disabilities are working at the Shimamura Group.

Wealth Trajectory