Results for this period
Full year1 March 2025–28 February 2026ConsolidatedJapanese GAAPThe 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.
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.
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.
Revenue and operating profit in the department-store operations segment declined mainly because of economic uncertainty, lower tax-free sales and changes in their structure, and the Chinese government's recommendation that its citizens refrain from visiting Japan.
No applicable matters. There are no notes regarding the going concern assumption.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2025–28 February 2026 |
| Net Sales | ¥45,706 million (YoY -5.0%) |
| Operating profit | ¥2,636 million (YoY -41.2%) |
| Ordinary income | ¥2,600 million (YoY -41.8%) |
| Profit attributable to owners of the parent | ¥2,192 million (YoY -8.0%) |
| Net income per share | ¥41.94 |
| Operating Margin | 5.8% |
| Equity ratio | End of the current fiscal period 35.0% / End of previous period 37.1% |
| Total assets | ¥76,138 million |
| Net assets | ¥27,478 million |
| Cash flows from operating activities | ¥4,722 million |
| Cash flows from investing activities | ¥143 million |
| Cash flows from financing activities | ¥-4,032 million |
| Cash and cash equivalents at end of period | ¥4,694 million |
| Full-year earnings forecast | Net Sales ¥44,000 million (YoY -3.7%) / Operating profit ¥1,800 million (YoY -31.7%) / Ordinary income ¥1,300 million (YoY -50.0%) / Net income ¥500 million (YoY -77.2%) |
| Annual Dividend Forecast | ¥12 per share → ¥12 per share（0.0%） |
| Payout ratio | 28.6% |
| Segment revenue | Department store business ¥37,741 million (YoY -5.6%), Food Business ¥3,485 million (YoY +2.1%), Building Services and Advertising Business ¥5,557 million (YoY +1.0%) |
| Segment profit | Department store business ¥2,128 million (YoY -49.2%), Food Business ¥39 million (YoY +42.8%), Building Services and Advertising Business ¥136 million (YoY +32.6%) |
| Depreciation and amortization | ¥1,391 million |
| Impairment loss | ¥1,014 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥1,792 million, Reversal of provision for redevelopment-related expenses ¥132 million, Reversal of provision for store closure losses ¥286 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥57 million, Impairment Losses ¥1,014 million, Other ¥6 million |
| Disclosure regarding the going concern assumption | No applicable matters. There are no notes regarding the going concern assumption. |
| 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 Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | Not applicable. |
| 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 shares |
| Treasury Shares at Period-End | 2,549,372 shares |
| Factors Behind Changes in Business Performance | Revenue and operating profit in the department-store operations segment declined mainly because of economic uncertainty, lower tax-free sales and changes in their structure, and the Chinese government's recommendation that its citizens refrain from visiting Japan. |
Items this document does not state (4)
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 company cited heightened uncertainty from U.S. trade policy, geopolitical risks and the weaker yen, as well as lower department-store sales caused by declining tax-free sales and structural changes in those sales, together with the Chinese government's call for its citizens to refrain from visiting Japan. For the next fiscal year, the company said it would partially update its management plan because recent performance diverged from its initial assumptions.