Policy and Business Structure
2008
The Company closed Silom Branch in June 2008, as a result from Silom Asset Co., Ltd.,’s Baht 230 million purchase of rental rights and assets from the Company. Afterwards, following the Shareholders Meeting 1/2551, the meeting approved to make an adjustment in the Company’s rule with regards to share repurchasing policy, and approved to commence its share repurchase program for financial management under the maximum Baht 536 million credit and not allowed to exceed 10% of the Company’s already distributed shares; the program has commenced on November 24, 2008 and will run until May 22, 2008.
2009
Robinson Department Store launched two new branches in Chonburi Province and Khonkaen Province as its 22nd and 23rd branches respectively. These two grand-scale branches boast a total area of approximately 32,000 square meters. In addition, the company has also carried on its share repurchase program for financial management which was fully completed on 22 May 2009. As a result, the company was able to repurchase a total of 6,765,000 shares, making 0.61% of issued and paid-up share capital. The company’s board of committees thereby approved to sell these repurchased shares by means of selling them in the Stock Exchange of Thailand (SET). The selling period of repurchased shares lasts from 23 November 2009 to 22 May 2012.
: Annual Report 2013
2010
20
Robinson Department Store launched a new branch in Trang Province as its 24th branches. With a total of over 650-million Baht budget invested, it is considered as “Robinson Lifestyle Center”, the new business model of Robinson. Moreover, on 12 March 2010, the Company received the repayment from the loan agreement from an associated company, which had borrowed long time ago, in an amount of Baht 448 million and the Company recorded an allowance for doubtful account for the full amount of principal and interest receivable since 1998. Regarding the Board of Directors’ resolution to resell the repurchased share in 2009, the Company began the resale on 18 August 2010. As of 31 December 2010, there are 3,674,800 repurchased shares which have not been disposed of yet.
2011
Robinson Department Store launched 3 new branches in both Bangkok and upcountry i.e. Chiangrai branch, Phitsanulok branch, and Rama 9 branch. The Rama 9 branch is now the new flagship store of the company in Bangkok with an area of more than 20,000 square meters. Furthermore, the company has finished reselling all of the remained repurchased shares on 28 April 2011. In addition, the company’s stock has been selected to be one of the stocks for calculating SET 50 Index of the Stock Exchange of Thailand since January 2011. Moreover, the company was ranked by Forbes Asia as one of the 200 companies in the Asia Pacific region having continuous growth and strong financial position with a revenue less than 1,000 million US dollar or known as “Asia’s 200 Best Under a Billion” for the first time. There were only 5 Thai companies which were ranked in year 2011.
2012
The Company started its aggressive storeexpansion plan by opening new five stores, in Bangkok and upcountry. The stores are Suphanburi branch (under the Lifestyle Center project), Bangna branch, Suratthani branch, Bangkae branch and Lampang branch. Hence, at the end of 2012, the Company had 30 stores nationwide i.e.: 11 branches in Bangkok, and 19 branches in upcountry. Moreover, the Company received interim dividend from its two associates, Power Buy Company Limited and CRC Sport Company Limited, in a total amount of Baht 1,385 million.
2013
Robinson Department Store has continued its proactive approach in branch expansion. As such, five new stores were inaugurated, including four Lifestyle Centres in Kanchanaburi, Sakonnakorn, Saraburi, Surin and one branch in a shopping mall in Ubonratchathani. Having closed down its Ratchadapisek branch on 26 March 2013 due to the rental contract expired, Robinson Department Store therefore has a total of 34 stores nationwide as of 2013 yearend - 10 in Bangkok and 24 in provincial areas. In addition to that, Robinson Department Store was ranked among the prestigious list of top 200 Asia-Pacific companies with a consistent growth and consolidated financial status. Having been ranked among the Asia’s 200 Best Under a Billion list in 2013, it is considered the second time after the Company was first ranked by Forbes Asia in 2011.