Worth reading
87Important
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
17.406
¥ billions (year-on-year increase in total sales)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationFirst quarter of the fiscal year ending March 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales164,541 Millions of yen+0.5%
Operating profit7,278 Millions of yen
Ordinary income8,068 Millions of yen
Net income10,265 Millions of yen
Selling, general and administrative expenses68,995 Millions of yen
Results for the three months of the current quarter
Gross sales
290,696 Millions of yen
Net Sales
164,541 Millions of yen
Operating profit
7,278 Millions of yen
Ordinary income
8,068 Millions of yen
Quarterly net income
10,265 Millions of yen
Full-year earnings forecast
Gross sales
1,245,000 Millions of yen
Net Sales
712,000 Millions of yen
Operating profit
32,500 Millions of yen
Ordinary income
33,000 Millions of yen
Net income for the current fiscal year
23,000 Millions of yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit is progressing ahead of the company's expectationsBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in total sales in the department store business+¥17.1 billion
- Increase in sales commissions−¥300 million
- Increase in rent expenses−¥0.2 billion
- Increase in advertising expenses−¥0.2 billion
- Increase in dividend income+¥100 million
- Increase in gains on the sale of investment securities+¥5.2 billion
- Decrease in subsidy income−¥900 million
- Increase in losses on the disposal of fixed assets−¥0.5 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Benefits from the Hankyu Umeda Main Store renovation, lower inbound sales due to the impact of China, the effects of transitioning to new store formats, growth at Hankyu Ningbo, upfront investment expenses, and lower dividend income from subsidiaries. Numerical assumptions: Not disclosedNew initiatives
- Capture the benefits of renovations at Hankyu Umeda Main Store and Hanshin Umeda Main Store
- VIP initiatives for inbound visitors (enhancement of store-attendant coverage and services)
- Rollout of new food supermarket store formats
- Improve labor-hour productivity through the introduction of self-checkout counters
Key KPIsA metric the company considers important as a management benchmark.
- All-store sales (department stores)156,422 Millions of yenYear on year against the same period last year+12.3%
- Domestic sales (department stores)Year-on-year +10.5%Year on year against the same period last year+10.5%
- Inbound sales¥299 millionYear on year against the same period last year+22% (122% of the prior-year level)
- VIP sales share48 %Year on year against the same period last year+14 percentage points
- Number of VIP members5.7 10,000 peopleYear on year against the same period last year+14,000 people
- Same-store sales at food supermarkets▲1.5Year on year against the same period last year▲1.5%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Food supermarket same-store customer numbers▲2.9Year on year against the same period last year▲2.9%
- Average customer spend at food supermarkets+1.4 %Year on year against the same period last year+1.4%
- Number of items purchased▲0.7Year on year against the same period last year▲0.7%
- Average Price per Item+2.1 %Year on year against the same period last year+2.1%
Segment results
- Department storesGross sales156,422 Millions of yenYear on year against the same period last year+12.3%Operating profit5,762 Millions of yenYear-on-year operating profit growth+¥2,309 million
- FoodGross sales101,211 Millions of yenYear on year against the same period last year▲3.6%Operating profit1,745 Millions of yenYear-on-year operating profit growth−¥568 million
- Commercial facilitiesGross sales22,734 Millions of yenYear on year against the same period last year+19.3%Operating profit1,833 Millions of yenYear-on-year operating profit growth+¥280 million
- OtherGross sales10,328 Millions of yenYear on year against the same period last year+3.9%Operating profit7,994 Millions of yenYear-on-year operating profit growth−¥2,076 million
Financial targets
Equity ratio of 44% (43% at the end of the previous fiscal year)Number of stores and locations
New store formats: In Q1 of fiscal 2026, 2 value-oriented stores and 4 price-oriented stores (including 1 new store). In fiscal 2025, 3 value-oriented stores and 10 price-oriented stores. Total stores at period-end and store openings and closures: Not disclosedCapital expenditures
¥4,656 million Q1 actual
Annual Dividend
Annual dividend per share¥48
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | 164,541 Millions of yen (YoY +0.5%) |
| Operating profit | 7,278 Millions of yen |
| Ordinary income | 8,068 Millions of yen |
| Net income | 10,265 Millions of yen |
| Selling, general and administrative expenses | 68,995 Millions of yen |
| Results for the three months of the current quarter | Gross sales 290,696 Millions of yen / Net Sales 164,541 Millions of yen / Operating profit 7,278 Millions of yen / Ordinary income 8,068 Millions of yen / Quarterly net income 10,265 Millions of yen |
| Full-year earnings forecast | Gross sales 1,245,000 Millions of yen / Net Sales 712,000 Millions of yen / Operating profit 32,500 Millions of yen / Ordinary income 33,000 Millions of yen / Net income for the current fiscal year 23,000 Millions of yen |
| Self-assessment against the plan | Operating profit is progressing ahead of the company's expectations |
| Segment results | Segment Department stores / Gross sales 156,422 Millions of yen / Year on year against the same period last year +12.3% / Operating profit 5,762 Millions of yen / Year-on-year operating profit growth +¥2,309 million, Segment Food / Gross sales 101,211 Millions of yen / Year on year against the same period last year ▲3.6% / Operating profit 1,745 Millions of yen / Year-on-year operating profit growth −¥568 million, Segment Commercial facilities / Gross sales 22,734 Millions of yen / Year on year against the same period last year +19.3% / Operating profit 1,833 Millions of yen / Year-on-year operating profit growth +¥280 million, Segment Other / Gross sales 10,328 Millions of yen / Year on year against the same period last year +3.9% / Operating profit 7,994 Millions of yen / Year-on-year operating profit growth −¥2,076 million |
| Breakdown of Factors Affecting the Change | Factors Increase in total sales in the department store business / Amount +¥17.1 billion, Factors Increase in sales commissions / Amount −¥300 million, Factors Increase in rent expenses / Amount −¥0.2 billion, Factors Increase in advertising expenses / Amount −¥0.2 billion, Factors Increase in dividend income / Amount +¥100 million, Factors Increase in gains on the sale of investment securities / Amount +¥5.2 billion, Factors Decrease in subsidy income / Amount −¥900 million, Factors Increase in losses on the disposal of fixed assets / Amount −¥0.5 billion |
| Key KPIs | Indicator name All-store sales (department stores) / Value 156,422 Millions of yen / Year on year against the same period last year +12.3%, Indicator name Domestic sales (department stores) / Value Year-on-year +10.5% / Year on year against the same period last year +10.5%, Indicator name Inbound sales / Value ¥299 million / Year on year against the same period last year +22% (122% of the prior-year level), Indicator name VIP sales share / Value 48 % / Year on year against the same period last year +14 percentage points, Indicator name Number of VIP members / Value 5.7 10,000 people / Year on year against the same period last year +14,000 people, Indicator name Same-store sales at food supermarkets / Value ▲1.5 / Year on year against the same period last year ▲1.5% |
| Unit price and quantity metrics | Indicator name Food supermarket same-store customer numbers / Value ▲2.9 / Year on year against the same period last year ▲2.9%, Indicator name Average customer spend at food supermarkets / Value +1.4 % / Year on year against the same period last year +1.4%, Indicator name Number of items purchased / Value ▲0.7 / Year on year against the same period last year ▲0.7%, Indicator name Average Price per Item / Value +2.1 % / Year on year against the same period last year +2.1% |
| Number of stores and locations | New store formats: In Q1 of fiscal 2026, 2 value-oriented stores and 4 price-oriented stores (including 1 new store). In fiscal 2025, 3 value-oriented stores and 10 price-oriented stores. Total stores at period-end and store openings and closures: Not disclosed |
| Assumptions Underlying the Business Outlook | Benefits from the Hankyu Umeda Main Store renovation, lower inbound sales due to the impact of China, the effects of transitioning to new store formats, growth at Hankyu Ningbo, upfront investment expenses, and lower dividend income from subsidiaries. Numerical assumptions: Not disclosed |
| Financial targets | Equity ratio of 44% (43% at the end of the previous fiscal year) |
| Annual Dividend | Annual dividend per share ¥48 / Breakdown Not disclosed |
| Capital expenditures | ¥4,656 million (Q1 actual) |
| New initiatives | Capture the benefits of renovations at Hankyu Umeda Main Store and Hanshin Umeda Main Store, VIP initiatives for inbound visitors (enhancement of store-attendant coverage and services), Rollout of new food supermarket store formats, Improve labor-hour productivity through the introduction of self-checkout counters |
Items this document does not state (11)
Gross Profit MarginOperating profit marginProgress against full-year forecastNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsPayout ratioAcquisition of treasury sharesOrders 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 reported higher revenue and operating profit, reflecting the benefits of renovations at Hankyu Umeda Main Store and Hanshin Umeda Main Store, demand for high-end products, and growth in domestic and inbound sales. Quarterly net profit increased due to higher operating profit and gains on the sale of investment securities. The food business reported lower revenue due to a decline in customer numbers and a reversal from the prior year's special demand for rice, while lower profit in the other businesses was attributable in part to a decline in dividend income from subsidiaries.
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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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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.