• Compiled From Kyodo, Bloomberg

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Time-honored department store chains Mitsukoshi Ltd., Japan’s fourth-largest, and Isetan Co., the fifth, hope their combined strengths will prevail in a highly competitive market that’s in the midst of an industry realignment.

The two firms’ board approved Thursday plans to integrate operations April 1 under a holding company to create the country’s No. 1 department store group.

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