The history goes back to the year 1869 (Meiji 2）when the Nakamura a dry goods store was founded on the corner of Honmachi street in Nagoya.
After World War II, the company moved to a newly built department store on February 16, 1954, and was renamed Oriental Nakamura.
[citation needed] The artist Tarō Okamoto was commissioned to install a large mural on the main facade of the flagship store.
In 1977 however, Tokyo-based Mitsukoshi bought the Nakamura group and renamed the stores in 1980, which effectively meant the end of the name.
It is the oldest extant commercially running Ferris wheel in Japan and was registered in 2005 as a tangible cultural property.