Kintetsu Department Store (8244) · FactAchieved
Receipt of Compensation in Connection with Closure of Nagoya Store and Store Closure
First written in FY2026-H1. 2 of 4 entries say "Achieved", first in 2026-04-10. Latest entry: FY2026.
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Recognition of Relocation Compensation Income from Store VacationsA theme 9 companies write about · 0 as a headwind · 9 as a tailwind
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- FY2026AchievedAnnual report
「At the Nagoya store, Kintetsu Passe, we held the “Thank You for 28 Years! Goodbye Pass’e Closing Sale!” for 50 days through 28 February this year, the closing date under the Nagoya Station Area Redevelopment Plan, to express our gratitude to customers, and many customers visited the store.」
The Nagoya store closed on 28 February 2026 and held a closing sale. In connection with the closure, the company received ¥4,531 million in compensation and recorded a store closure loss of ¥1,330 million. - FY2026-H1First statedAnnual report
「Received compensation for lost profits, losses and other costs associated with the closure of our Nagoya store.」
In connection with the closure of the Nagoya store, the company entered into a compensation agreement with 近鉄不動産株式会社 dated 11 July 2025 and received ¥4,531 million. During the interim consolidated accounting period, it recorded compensation received as extraordinary income, while also recording a store closure loss of ¥1,990 million and a provision for store closure losses of ¥1,215 million.