Expected Continued Losses at Shanghai Takashimaya and Impairment Loss
First written in FY2018. 9 of 19 entries say "Mitigated", first in FY2020-Q2. Latest entry: 2026-10-15.
Takashimaya moved to the "Worse" side of this theme in 2023, 3 years before the typical company in this theme (2026).
The whole theme swung hardest in 2026: 5 of 11 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- 2026-10-15MitigatedFinancial results presentation
「Shanghai returned to profitability due to the effects of measures to strengthen its earnings base, including attracting tenants.」
上海高島屋について、継続していた赤字が中間期に黒字へ転換し、収益基盤強化策の効果を記載している。 - FY2027-H1MitigatedAnnual report
「At Shanghai Takashimaya, revenue increased and the business returned to profitability, partly as a result of efforts to strengthen its earnings base, including attracting new tenants. We will continue to pursue cost reductions alongside these efforts to generate further profit growth.」
Shanghai Takashimaya, which had been reported as facing continued losses and impairment risk, achieved revenue growth and a return to profitability as a result of attracting new tenants and other initiatives. - FY2026WorsenedAnnual report
「At 上海高島屋, we continue to strengthen the earnings base, including by attracting new tenants, but the significant impact of slowing consumption amid the economic downturn resulted in lower sales and a loss.」
Although new tenants are being attracted, 上海高島屋 recorded lower sales and a loss for the full year, worsening the risk of continuing losses. - 2026-04-17MitigatedFinancial results presentation
「Shanghai and Siam are planned to return to profitability due to the effects of sales-floor renovations and other measures, while Vietnam is expected to post a slight decline in profit due to exchange-rate effects.」
For Shanghai, the plan calls for a return to profitability due to sales-floor renovations and other measures. - FY2026-H1WorsenedAnnual report
「At 上海高島屋, we continue to strengthen the earnings base, including by attracting new tenants, but the significant impact of slowing consumption amid the economic downturn resulted in lower sales and a loss.」
Although new tenants are being attracted, 上海高島屋 recorded lower sales and a loss due to the impact of slowing consumption amid the economic downturn. - FY2025WorsenedAnnual report
「At 上海高島屋, we continue to strengthen the earnings base, including by attracting new tenants in response to market changes. However, the significant impact of the downturn in the Chinese economy resulted in lower sales and a loss.」
Although new tenants are being attracted, 上海高島屋, which had also experienced a period of recovery after continuing operations, recorded lower sales and a loss due to the downturn in the Chinese economy. - FY2025-H1WorsenedAnnual report
「At 上海高島屋, we continue to strengthen the earnings base, including by attracting new tenants in response to market changes. However, the significant impact of the prolonged downturn in the Chinese economy resulted in lower sales and lower profit.」
Although measures such as attracting new tenants are being pursued, 上海高島屋 has continued to record lower sales and lower profit due to the prolonged downturn in the Chinese economy. - FY2025-Q1WorsenedAnnual report
「At 上海高島屋, we continue to strengthen the earnings base, including by attracting new tenants in response to market changes. However, the impact of the prolonged downturn in the Chinese economy was significant, resulting in lower sales and lower profit.」
Although 上海高島屋 had experienced a period of recovery after continuing operations, it again recorded lower sales and lower profit due to the prolonged downturn in the Chinese economy. - FY2024-Q2Shanghai's higher sales due to the rebound from the previous year's closure coexisted with lower profitAnnual report
「上海高島屋 recorded a substantial increase in sales, partly due to the rebound from the 67-day closure caused by COVID-19 in the previous year. However, profit declined because the rebound in the transfer of COVID-19-related costs associated with the closure to extraordinary losses was also substantial.」
上海高島屋's sales recovered substantially due to the rebound from the previous year's 67-day closure, while profit declined due to the rebound in expense recognition. The store's earnings environment was described as having improved unevenly. - FY2024-Q1WorsenedAnnual report
「At 上海高島屋, the recovery in sales was delayed by a temporary rapid increase in COVID-19 infections, resulting in lower sales and lower profit.」
After recovering following the continuation of operations, 上海高島屋 experienced a rapid increase in infections, resulting in a delay in sales recovery and lower sales and lower profit. - FY2023-Q3WorsenedAnnual report
「At 上海高島屋, reduced operating hours were implemented from 18 March due to the spread of infections in the city, the entire store was closed from 1 April, and reduced operating hours were implemented from 7 June through 30 June. As a result, the store recorded lower sales and lower profit.」
At 上海高島屋, reduced operating hours and a full-store closure occurred as infections spread, resulting in lower sales and lower profit. The store's business environment, which had improved after operations continued, deteriorated again. - FY2022-Q1MitigatedAnnual report
「In overseas operations (January to March 2021), sales recovered at 上海高島屋, ホーチミン髙島屋 and サイアム髙島屋, where the impact of COVID-19 was limited, resulting in higher sales and higher profit.」
Following the continuation of operations, 上海高島屋 recorded a recovery in sales during the quarter and, together with ホーチミン髙島屋 and サイアム髙島屋, recorded higher sales and higher profit. - FY2021MitigatedAnnual report
「上海高島屋 will also continue to improve profitability by rebuilding its merchandising across all floors and pursuing low-cost management.」
In response to the risks of continuing losses and impairment losses at 上海高島屋, measures to improve profitability through rebuilding merchandising across all floors and pursuing low-cost management were presented. - FY2020-Q3MitigatedAnnual report
「上海高島屋, which changed its plans in August and decided to continue operating, recorded higher sales and higher profit, partly due to the effect of sales promotions.」
上海高島屋, which changed its planned closure and continued operating, was described as having recorded higher sales and higher profit due to the effect of sales promotions. - FY2020-Q2MitigatedAnnual report
「Shanghai Takashimaya had been scheduled to close on 25 August, but decided to cancel the closure and continue operating after receiving support from its landlord and many requests from customers for the store to remain open.」
The plans for dissolution, liquidation and closure were cancelled following customers' requests for the store to continue operating and support from the store's landlord, among other factors. - FY2020-Q1MaterialisedAnnual report
「上海高島屋百貨有限公司 operated the 上海高島屋 department store in Changning District, Shanghai. Since opening, 上海高島屋 had sought to establish a full-scale Japanese-style department store and had expanded its support among local customers. However, although sales increased, it did not reach its initial plan or achieve profitability due to intensifying competition among business formats and delays and changes in the neighboring commercial development. Against this backdrop, the prolonged US-China trade friction since the previous year led to an economic slowdown and a decline in personal consumption, making further business improvement unlikely. Accordingly, a resolution was passed to dissolve and liquidate the subsidiary. As a result, 上海高島屋 was scheduled to close on 25 August 2019.」
In connection with the risks of continuing losses and impairment losses, a resolution was passed to dissolve and liquidate 上海高島屋 and close the store on 25 August 2019. - FY2018MaterialisedAnnual report
「上海高島屋百貨有限公司 (Shanghai, People's Republic of China) ... The carrying amount of the asset group expected to continue generating negative operating results was reduced to fair value, and the resulting decrease of ¥1,598 million was recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥1,598 million was recognized for 上海高島屋 because operating losses were expected to continue.