In a separate release, the company announced that it plans to open an 86,000-square-foot Isetan department store in Kuala Lumpur next spring. The store will be the retailer's fourth in the city, and is part of a three-year business development plan that also includes the refurbishment of its key Tokyo stores in the Shinjuku and Nihombashi districts. Isetan Mitsukoshi plans to spend between 8 and 9 billion yen, or $102.96 to $115.83 million, on each of the two stores, with remodeling due to be completed by early 2013 for the Shinjuku store and by 2014 for the Nihombashi store.