Worth reading
51Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
141
¥100 million (consolidated business profit)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst quarter of the fiscal year ending February 20276 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,064 100 million -3.9%revenue
Operating profit141 Hundreds of millions of yen-11.7%
Net income¥96 100 million -7.5%profit for the quarter attributable to owners of the parent
Selling, general and administrative expenses393 Hundreds of millions of yen
Results for the three months of the current quarterFor the consolidated results for 1Q FY2026 (March–May), gross sales of ¥317.5 billion, revenue of ¥106.4 billion, operating profit of ¥14.1 billion, and profit for the quarter attributable to owners of the parent of ¥9.6 billion were reported.
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress ahead of the full-year plan (the payments and financial services business and the developer business were broadly in line with plan)Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Absence of the gain on the sale of fixed assets recorded in the previous yearApproximately ¥1.8 billion
- Higher personnel expenses at department stores+¥175 million
- Higher advertising and promotional expenses at department stores+¥260 million
- Employee salaries+¥120 million
- Event planning expenses+¥230 million
- Fees-¥150 million
- Repair expenses+¥100 million
- Absence of the gain from winding down the former Matsumoto PARCO business in the previous year in the SC business
- Pre-opening expenses for HAERA in the SC business
- Absence of the large-scale construction contract received in the previous year in the developer business
New initiatives
- Preparations for the opening of HAERA
- Expanding rental income from new properties in the developer business
- Investments in the developer business
Key KPIsA metric the company considers important as a management benchmark.
- Daimaru Matsuzakaya Department Stores total store sales4.9 Year on year %
- Daimaru Matsuzakaya Department Stores domestic sales3.6 Year on year %
- Daimaru Matsuzakaya Department Stores duty-free sales13.4 Year on year %
- Total duty-free sales for the department store business280 Hundreds of millions of yenYear on year against the same period last year+13.1%
- PARCO total tenant sales9.1 Year on year %
- PARCO inbound sales18.4 Year on year %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Number of duty-free shoppers-18.1 Year on year %
- Average spend per duty-free shopper38.4 Year on year %
Segment results
Department stores
Gross sales
2,001 Hundreds of millions of yen+3.9%
Revenue
633 Hundreds of millions of yen-0.3%
Business profit
82 Hundreds of millions of yen+0.2%
Operating profit
85 Hundreds of millions of yen-6.0%
SC
Gross sales
920 Hundreds of millions of yen+8.5%
Revenue
173 Hundreds of millions of yen+4.3%
Business profit
41 Hundreds of millions of yen-0.3%
Operating profit
40 Hundreds of millions of yen-26.4%
Developer
Gross sales
191 Hundreds of millions of yen-22.1%
Revenue
191 Hundreds of millions of yen-22.1%
Business profit
18 Hundreds of millions of yen-18.6%
Operating profit
17 Hundreds of millions of yen-22.9%
Payments and finance
Gross sales
36 Hundreds of millions of yen+16.2%
Revenue
36 Hundreds of millions of yen+16.2%
Business profit
4 Hundreds of millions of yen+377.4%
Operating profit
4 Hundreds of millions of yen+376.4%
Other
Gross sales
154 Hundreds of millions of yen+7.5%
Revenue
148 Hundreds of millions of yen+5.3%
Business profit
0.6 Hundreds of millions of yen
Operating profit
0.2 Hundreds of millions of yen
Adjustments
Gross sales
-128 Hundreds of millions of yen
Revenue
-119 Hundreds of millions of yen
Business profit
-7 Hundreds of millions of yen
Operating profit
-6 Hundreds of millions of yen
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending February 2027 |
| Net Sales | ¥1,064 100 million (revenue) (YoY -3.9%) |
| Operating profit | 141 Hundreds of millions of yen (YoY -11.7%) |
| Net income | ¥96 100 million (profit for the quarter attributable to owners of the parent) (YoY -7.5%) |
| Selling, general and administrative expenses | 393 Hundreds of millions of yen |
| Results for the three months of the current quarter | For the consolidated results for 1Q FY2026 (March–May), gross sales of ¥317.5 billion, revenue of ¥106.4 billion, operating profit of ¥14.1 billion, and profit for the quarter attributable to owners of the parent of ¥9.6 billion were reported. |
| Self-assessment against the plan | Progress ahead of the full-year plan (the payments and financial services business and the developer business were broadly in line with plan) |
| Segment results | Department stores Gross sales 2,001 Hundreds of millions of yen (YoY +3.9%) / Revenue 633 Hundreds of millions of yen (YoY -0.3%) / Business profit 82 Hundreds of millions of yen (YoY +0.2%) / Operating profit 85 Hundreds of millions of yen (YoY -6.0%) / SC Gross sales 920 Hundreds of millions of yen (YoY +8.5%) / Revenue 173 Hundreds of millions of yen (YoY +4.3%) / Business profit 41 Hundreds of millions of yen (YoY -0.3%) / Operating profit 40 Hundreds of millions of yen (YoY -26.4%) / Developer Gross sales 191 Hundreds of millions of yen (YoY -22.1%) / Revenue 191 Hundreds of millions of yen (YoY -22.1%) / Business profit 18 Hundreds of millions of yen (YoY -18.6%) / Operating profit 17 Hundreds of millions of yen (YoY -22.9%) / Payments and finance Gross sales 36 Hundreds of millions of yen (YoY +16.2%) / Revenue 36 Hundreds of millions of yen (YoY +16.2%) / Business profit 4 Hundreds of millions of yen (YoY +377.4%) / Operating profit 4 Hundreds of millions of yen (YoY +376.4%) / Other Gross sales 154 Hundreds of millions of yen (YoY +7.5%) / Revenue 148 Hundreds of millions of yen (YoY +5.3%) / Business profit 0.6 Hundreds of millions of yen / Operating profit 0.2 Hundreds of millions of yen / Adjustments Gross sales -128 Hundreds of millions of yen / Revenue -119 Hundreds of millions of yen / Business profit -7 Hundreds of millions of yen / Operating profit -6 Hundreds of millions of yen |
| Breakdown of Factors Affecting the Change | Factors Absence of the gain on the sale of fixed assets recorded in the previous year / Amount Approximately ¥1.8 billion, Factors Higher personnel expenses at department stores / Amount +¥175 million, Factors Higher advertising and promotional expenses at department stores / Amount +¥260 million, Factors Employee salaries / Amount +¥120 million, Factors Event planning expenses / Amount +¥230 million, Factors Fees / Amount -¥150 million, Factors Repair expenses / Amount +¥100 million, Factors Absence of the gain from winding down the former Matsumoto PARCO business in the previous year in the SC business / Amount Not disclosed, Factors Pre-opening expenses for HAERA in the SC business / Amount Not disclosed, Factors Absence of the large-scale construction contract received in the previous year in the developer business / Amount Not disclosed |
| Key KPIs | Indicator name Daimaru Matsuzakaya Department Stores total store sales / Value 4.9 Year on year (%) / Year on year against the same period last year Not disclosed, Indicator name Daimaru Matsuzakaya Department Stores domestic sales / Value 3.6 Year on year (%) / Year on year against the same period last year Not disclosed, Indicator name Daimaru Matsuzakaya Department Stores duty-free sales / Value 13.4 Year on year (%) / Year on year against the same period last year Not disclosed, Indicator name Total duty-free sales for the department store business / Value 280 Hundreds of millions of yen / Year on year against the same period last year 13.1 Hundreds of millions of yen, Indicator name PARCO total tenant sales / Value 9.1 Year on year (%) / Year on year against the same period last year Not disclosed, Indicator name PARCO inbound sales / Value 18.4 Year on year (%) / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator name Number of duty-free shoppers / Value -18.1 Year on year (%), Indicator name Average spend per duty-free shopper / Value 38.4 Year on year (%) |
| New initiatives | Preparations for the opening of HAERA, Expanding rental income from new properties in the developer business, Investments in the developer business |
Items this document does not state (18)
Ordinary incomeGross Profit MarginOperating profit marginFull-year earnings forecastProgress against full-year forecastNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The department store business increased revenue as growth in sales to sales associates and duty-free sales offset the closure of sales floors during the large-scale renovation of the Umeda store and the decline following the Expo-related sales recorded in the previous year. Operating profit declined due mainly to the absence of the approximately ¥1.8 billion gain on the sale of fixed assets recorded in the same period of the previous year and the absence of gains from winding down the former Matsumoto PARCO business in the SC business.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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