Hisao Nagata
$1.3B
Born
May 24, 1956
Age
69
Source of Wealth
Retail
Residence
Fukuoka,
Citizenship
Japan
Marital Status
Children
0
Education
- Hisao Nagata is the founder and chairman of Trial Holdings, a discount supermarket chain with interests in retail IT and developing AI systems. His son Hiroyuki is a director.
- Nagata's father, Oumi, opened a thrift store called Asahiya in 1974 in Fukuoka, which Hisao took over in 1981. Three years later, he changed the name to Trial Company and also started a software developer focusing on retail.
- Trial has developed technology to decrease labor costs and increase efficiency, including self-checkout shopping carts and AI-powered cameras to gather shopper behavior data and monitor inventory.
- Trial has over 300 stores in Japan and posted $4.6 billion in revenue in the fiscal year ended in June 2024.
- In March 2024, Trial was listed on the Tokyo Stock Exchange's Growth bourse.
- The first Trial discount store opened in 1992.
- Nagata has written books on retail AI and digitization, including one in 2022 titled 'How to Win the Retail Digital Transformation.'
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