Worth reading
60In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-1776
¥ millionWording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)2025年３月１日〜2025年８月31日ConsolidatedJapanese GAAPNet Sales22,482¥ millionYear on year -6.8%Progress 50.0%
Operating profit1,005¥ millionYear on year -63.8%Progress 50.2%
Ordinary income1,068¥ millionYear on year -61.3%Progress 53.4%
Net income attributable to owners of the parent-209¥ million
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share-¥3.94
Financial position at period-end
Total assets76,105¥ million
of which net assets 29,072 ¥ millionEquity ratio 37.1%vs. prior year-end 0.0pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+3,130
Investment-1,241
Financials-728
Net change+1,161
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥5,022 million
Segment revenueDepartment store business ¥18,364 million (YoY -10.0%), Food Business ¥1,908 million (YoY +14.0%), Building Services and Advertising Business ¥2,848 million (YoY +20.9%)
Segment profitDepartment store business ¥703 million (YoY -73.7%), Food Business ¥99 million, Building Services and Advertising Business ¥117 million (YoY +348.9%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥45,000 million (YoY -6.5%)
Operating profit¥2,000 million (YoY -55.4%)
Ordinary income¥2,000 million (YoY -55.2%)
Profit attributable to owners of the parent¥1,200 million (YoY -49.7%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥45,000 million / Operating profit Not disclosed → ¥2,000 million / Ordinary income Not disclosed → ¥2,000 million / Profit attributable to owners of the parent Not disclosed → ¥1,200 million
Annual Dividend Forecast¥12 → ¥12（0.0%）
Factors Behind Changes in Business Performance
高額品消費の一服感により免税売上高が前年を下回り、百貨店業が減収減益となった。一方、飲食業は婚礼組数の獲得・婚礼単価の向上、ビル総合サービス及び広告業はクリエイティブ部門・建装部門での大型受注により増収増益となった。
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Yesそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None
Material subsequent events投資有価証券の一部売却と自己株式取得を決議。株式売却は2026年２月末までに実施予定で、投資有価証券売却益約1,600百万円を特別利益に計上する見込み。自己株式は2,400,000株、取得価額総額4,000百万円を上限として取得予定。
Impairment loss¥1,003 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥42 million, Reversal of provision for store closure losses ¥243 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥43 million, Impairment Losses ¥1,003 million, Other regions ¥6 million
Depreciation and amortization¥707 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End53,289,640
Treasury Shares at Period-End246,072
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 2025年３月１日〜2025年８月31日 |
| Net Sales | ¥22,482 million (YoY -6.8%) |
| Operating profit | ¥1,005 million (YoY -63.8%) |
| Ordinary income | ¥1,068 million (YoY -61.3%) |
| Profit attributable to owners of the parent | ¥-209 million |
| Net income per share | -¥3.94 |
| Equity ratio | End of the current fiscal period 37.1% / End of previous period 37.1% |
| Total assets | ¥76,105 million |
| Net assets | ¥29,072 million |
| Cash flows from operating activities | ¥3,130 million |
| Cash flows from investing activities | ¥-1,241 million |
| Cash flows from financing activities | ¥-728 million |
| Cash and cash equivalents at end of period | ¥5,022 million |
| Full-year earnings forecast | Net Sales ¥45,000 million (YoY -6.5%) / Operating profit ¥2,000 million (YoY -55.4%) / Ordinary income ¥2,000 million (YoY -55.2%) / Profit attributable to owners of the parent ¥1,200 million (YoY -49.7%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥45,000 million / Operating profit Not disclosed → ¥2,000 million / Ordinary income Not disclosed → ¥2,000 million / Profit attributable to owners of the parent Not disclosed → ¥1,200 million |
| Annual Dividend Forecast | ¥12 → ¥12（0.0%） |
| Segment revenue | Department store business ¥18,364 million (YoY -10.0%), Food Business ¥1,908 million (YoY +14.0%), Building Services and Advertising Business ¥2,848 million (YoY +20.9%) |
| Segment profit | Department store business ¥703 million (YoY -73.7%), Food Business ¥99 million, Building Services and Advertising Business ¥117 million (YoY +348.9%) |
| Depreciation and amortization | ¥707 million |
| Impairment loss | ¥1,003 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥42 million, Reversal of provision for store closure losses ¥243 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥43 million, Impairment Losses ¥1,003 million, Other regions ¥6 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name None |
| Material subsequent events | 投資有価証券の一部売却と自己株式取得を決議。株式売却は2026年２月末までに実施予定で、投資有価証券売却益約1,600百万円を特別利益に計上する見込み。自己株式は2,400,000株、取得価額総額4,000百万円を上限として取得予定。 |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 53,289,640 |
| Treasury Shares at Period-End | 246,072 |
| Factors Behind Changes in Business Performance | 高額品消費の一服感により免税売上高が前年を下回り、百貨店業が減収減益となった。一方、飲食業は婚礼組数の獲得・婚礼単価の向上、ビル総合サービス及び広告業はクリエイティブ部門・建装部門での大型受注により増収増益となった。 |
Items this document does not state (5)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlog
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.富裕層を中心とした消費は堅調だった一方、前年に過去最高を記録した免税売上高で高額品消費に一服感があり、免税売上高や東京地区百貨店売上高が前年を下回った。加えて、百貨店業ののれん等について当初想定された収益が見込めなくなったため、1,003百万円の減損損失を計上した。
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.