Financial Results Presentation Materials for the Second Quarter (Interim Period) of the Fiscal Year Ending February 2027 | Takashimaya Company,Limited (8233) timely disclosure

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Direction

Improvement

Direction inferred from the company’s description.

Scale

¥100 million (year-on-year increase in operating profit)

Wording

Conditional

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Contents of this document

Earnings presentationSecond quarter (interim period) of the fiscal year ending February 202713 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥5,175 100 million +6.2%gross operating revenue

Operating profit¥275 100 million

Ordinary income¥281 100 million

Net income¥160 100 million

Operating profit margin5.3 %

Selling, general and administrative expenses¥1,244 100 million

Results for the three months of the current quarter

Gross operating revenue

¥2,561 100 million+4.1%

Gross operating profit

¥760 100 million

yoy_change32

Selling, general and administrative expenses

¥644 100 million

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Operating profit

¥116 100 million

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Business profit

¥132 100 million

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Ordinary income

¥116 100 million

yoy_change11

Net income

¥49 100 million

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Full-year earnings forecast

Gross operating revenue

¥10,800 100 million

Gross operating profit

¥3,154 100 million

Selling, general and administrative expenses

¥2,564 100 million

Operating profit

¥590 100 million

Business profit

¥660 100 million

Ordinary income

¥600 100 million

Net income

¥380 100 million

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

All profit levels are expected to exceed the plan as of April

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Year-on-year increase in operating profit¥39 100 million
Increase in operating profit from the domestic department store business¥29 100 million
Increase in operating profit from the overseas and financial businesses¥18 100 million
Increase in share of profit of investments accounted for using the equity method¥11 100 million
Increase in Dividend Income¥4 100 million
Year-on-year increase in cash flow from operating activities¥340 100 million
Year-on-year decrease in cash flow from investing activities¥-148 100 million
Year-on-year increase in cash flow from financing activities¥54 100 million

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

1SGD/JPY (plan)121.78
1CNY/JPY (plan)22.54
1VND/JPY (plan)0.01
1THB/JPY (plan)4.85
Inbound sales (full-year plan)¥1,020 100 million

New initiatives

Establishment of a financial intermediate holding company in March 2027
Reopening of Tamagawa Takashimaya S.C. after renovation in 2027
Opening of Hanoi Takashimaya S.C. in autumn 2027
Construction of a platform for centralized customer data management in 2028
Takashimaya Digital Points, launching in September 2026
Loyalty program from 2029 onward
Collaboration with card companies, international hotel operators and duty-free businesses
Promotion of sales of non-core real estate

Key KPIsA metric the company considers important as a management benchmark.

Total sales at domestic department stores9 % increase
Year on year against the same period last year+9.0%
Domestic customer sales7 % increase
Year on year against the same period last year+7.0%
Inbound sales18 % increase
Year on year against the same period last year+18.0%
Inbound sales¥519 100 million
Year on year against the same period last year+18.0%
Target number of app members500 10,000 people
Year on year against the same period last year2031 target (currently 1.3 million)

Unit price and quantity metricsThese figures show sales broken down by price and volume.

Inbound Tourism

Year-on-year change in customer numbers-2 %

Year-on-year average selling price20 %

Unit_YoY%

Segment results

Domestic department stores

Sales

¥1,582 100 million+1.6%

Operating profit

¥125 100 million

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Overseas department stores

Sales

¥191 100 million+15.4%

Operating profit

¥46 100 million

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Domestic commercial development

Sales

¥265 100 million+2.8%

Operating profit

¥35 100 million

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Overseas commercial development

Sales

¥90 100 million+14.5%

Operating profit

¥32 100 million

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Financial services

Sales

¥131 100 million+7.3%

Operating profit

¥31 100 million

yoy_change5

Construction and interior design

Sales

¥175 100 million-2.4%

Operating profit

¥11 100 million

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Other Businesses

Sales

¥273 100 million+1.4%

Operating profit

¥6 100 million

yoy_change-2

Medium-term management plan targets

Fiscal 2031

Business profit¥80–85 billion

ROICAt least 7.5%

ROEAt least 10%

Payout ratioAt least 50%

DOEAt least 5.0%

Financial targets

Fiscal 2031

ROICAt least 7.5%

ROEAt least 10%

Fiscal 2026 Plan

ROIC6.0％

ROE8.3％

Equity ratio34.0％

Capital expenditures

¥2,200 100 million investment over the three years of the current medium-term plan, including ¥147 billion in growth investment

Annual Dividend

Fiscal 2026

Annual¥44 per share

Interim¥22 per share

End of period¥22 per share

Payout ratio

Fiscal 202633.9 %

FY2031 TargetAt least 50%

DOE2.75% in FY2026, at least 5.0% in FY2031

Acquisition of treasury shares

The specific amount, number of shares and period for the acquisition limit are not disclosed (reference was made to total share repurchases of ¥30 billion in FY2024-FY2025)

Contents of this document
Item	Details
Document type	Earnings presentation
Fiscal Period Covered	Second quarter (interim period) of the fiscal year ending February 2027
Net Sales	¥5,175 100 million (gross operating revenue) (YoY +6.2%)
Operating profit	¥275 100 million
Ordinary income	¥281 100 million
Net income	¥160 100 million
Operating profit margin	5.3 %
Selling, general and administrative expenses	¥1,244 100 million
Results for the three months of the current quarter	Gross operating revenue ¥2,561 100 million (YoY +4.1%) / Gross operating profit ¥760 100 million / Selling, general and administrative expenses ¥644 100 million / Operating profit ¥116 100 million / Business profit ¥132 100 million / Ordinary income ¥116 100 million / Net income ¥49 100 million
Full-year earnings forecast	Gross operating revenue ¥10,800 100 million / Gross operating profit ¥3,154 100 million / Selling, general and administrative expenses ¥2,564 100 million / Operating profit ¥590 100 million / Business profit ¥660 100 million / Ordinary income ¥600 100 million / Net income ¥380 100 million
Self-assessment against the plan	All profit levels are expected to exceed the plan as of April
Segment results	Domestic department stores Sales ¥1,582 100 million (YoY +1.6%) / Operating profit ¥125 100 million / Overseas department stores Sales ¥191 100 million (YoY +15.4%) / Operating profit ¥46 100 million / Domestic commercial development Sales ¥265 100 million (YoY +2.8%) / Operating profit ¥35 100 million / Overseas commercial development Sales ¥90 100 million (YoY +14.5%) / Operating profit ¥32 100 million / Financial services Sales ¥131 100 million (YoY +7.3%) / Operating profit ¥31 100 million / Construction and interior design Sales ¥175 100 million (YoY -2.4%) / Operating profit ¥11 100 million / Other Businesses Sales ¥273 100 million (YoY +1.4%) / Operating profit ¥6 100 million
Breakdown of Factors Affecting the Change	Factors Year-on-year increase in operating profit / Amount ¥39 100 million, Factors Increase in operating profit from the domestic department store business / Amount ¥29 100 million, Factors Increase in operating profit from the overseas and financial businesses / Amount ¥18 100 million, Factors Increase in share of profit of investments accounted for using the equity method / Amount ¥11 100 million, Factors Increase in Dividend Income / Amount ¥4 100 million, Factors Year-on-year increase in cash flow from operating activities / Amount ¥340 100 million, Factors Year-on-year decrease in cash flow from investing activities / Amount ¥-148 100 million, Factors Year-on-year increase in cash flow from financing activities / Amount ¥54 100 million
Key KPIs	Indicator Total sales at domestic department stores / Value 9 % increase / Year on year against the same period last year 9 % increase, Indicator Domestic customer sales / Value 7 % increase / Year on year against the same period last year 7 % increase, Indicator Inbound sales / Value 18 % increase / Year on year against the same period last year 18 % increase, Indicator Inbound sales / Value ¥519 100 million / Year on year against the same period last year ¥18 100 million, Indicator Target number of app members / Value 500 10,000 people / Year on year against the same period last year 2031 target (currently 1.3 million)
Unit price and quantity metrics	Inbound Tourism Year-on-year change in customer numbers -2 % / Year-on-year average selling price 20 % / Unit_YoY %
Assumptions Underlying the Business Outlook	Item 1SGD/JPY (plan) / Value 121.78, Item 1CNY/JPY (plan) / Value 22.54, Item 1VND/JPY (plan) / Value 0.01, Item 1THB/JPY (plan) / Value 4.85, Item Inbound sales (full-year plan) / Value ¥1,020 100 million
Medium-term management plan targets	Fiscal 2031 Business profit ¥80–85 billion / ROIC At least 7.5% / ROE At least 10% / Payout ratio At least 50% / DOE At least 5.0%
Financial targets	Fiscal 2031 ROIC At least 7.5% / ROE At least 10% / Fiscal 2026 Plan ROIC 6.0％ / ROE 8.3％ / Equity ratio 34.0％
Annual Dividend	Fiscal 2026 Annual ¥44 per share / Interim ¥22 per share / End of period ¥22 per share
Payout ratio	Fiscal 2026 33.9 % / FY2031 Target At least 50% / DOE 2.75% in FY2026, at least 5.0% in FY2031
Acquisition of treasury shares	The specific amount, number of shares and period for the acquisition limit are not disclosed (reference was made to total share repurchases of ¥30 billion in FY2024-FY2025)
Capital expenditures	¥2,200 100 million (investment over the three years of the current medium-term plan, including ¥147 billion in growth investment)
New initiatives	Establishment of a financial intermediate holding company in March 2027, Reopening of Tamagawa Takashimaya S.C. after renovation in 2027, Opening of Hanoi Takashimaya S.C. in autumn 2027, Construction of a platform for centralized customer data management in 2028, Takashimaya Digital Points, launching in September 2026, Loyalty program from 2029 onward, Collaboration with card companies, international hotel operators and duty-free businesses, Promotion of sales of non-core real estate

Items this document does not state (8)

Gross Profit MarginProgress against full-year forecastNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookOrders 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.

Higher sales to domestic customers and inbound visitors, cost control, solid performance in the overseas department store and commercial development businesses and the financial business, an increase in equity-method investment gains, and foreign exchange gains from the weaker yen. The decline in net profit was attributed to the absence of the previous year's gain on the sale of fixed assets and one-time extraordinary losses.

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