Recovery in Department Store Sales and Operating Profit
First written in FY2018-Q1. 5 of 34 entries say "Worsened", first in FY2021-Q1. Latest entry: 2026-10-09.
The whole theme swung hardest in 2020: 29 of 142 companies on the "Worse" side.
- 2026-10-09OtherResults briefing materials
「In the department-store business, sales declined but income increased as both domestic and duty-free sales remained strong despite the post-Expo decline」
The interim results for the department-store business were updated to reflect lower revenue due to the post-Expo decline, but higher income supported by strong domestic and duty-free sales. - FY2027-H1Update to interim resultsAnnual report
「As a result, although net sales were ¥46,252 million, down 9.9% year on year, improved margins and lower expenses due to the World Expo and the closure of the Nagoya store resulted in operating profit of ¥2,379 million, up 9.3%.」
Although the department store business was affected by the rebound from the World Expo and the closure of the Nagoya store and by lower expenses, operating profit increased 9.3% year on year despite lower net sales, due in part to improved margins. - FY2026Update to Full-Year ResultsAnnual report
「In addition to advancing these initiatives, strong sales through corporate and personal shopping services resulted in net sales of ¥103,168 million, up 10.9% from the previous fiscal year, and operating profit of ¥5,692 million, up 45.2%.」
The department store business reported higher full-year net sales and operating profit, driven by sales through corporate and personal shopping services, store renovations, and initiatives at regional stores. - FY2026-H1Update to interim resultsAnnual report
「In addition, steady sales through corporate and personal shopping services resulted in net sales of ¥51,348 million, up 12.5% year on year, and operating profit of ¥2,177 million, up 41.1%.」
The department store business exceeded the previous year’s levels in net sales and operating profit, driven by steady sales through corporate and personal shopping services. - FY2025Update to Full-Year ResultsAnnual report
「In addition to advancing these initiatives, strong duty-free sales and sales through corporate and personal shopping services resulted in net sales of ¥93,046 million, up 0.6% from the previous fiscal year, and operating profit of ¥3,921 million, up 54.2%.」
The department store business’s full-year results were updated, showing higher net sales and operating profit driven by strong duty-free sales and sales through corporate and personal shopping services and structural reforms. - FY2025-H1Update to interim resultsAnnual report
「In addition, strong sales through corporate and personal shopping services, particularly of high-value products, resulted in net sales of ¥45,637 million, up 1.1% year on year, and operating profit of ¥1,543 million, up 124.1%.」
The department store business reported higher net sales, driven in part by strong sales through corporate and personal shopping services, while operating profit increased 124.1% year on year. - FY2025-Q1Quarterly Results UpdateAnnual report
「As a result, net sales were ¥22,359 million, up 3.4% year on year, and operating profit was ¥865 million, up 588.2%.」
The department store business reported net sales of ¥22,359 million and operating profit of ¥865 million, representing year-on-year increases in both net sales and operating profit. - FY2024-Q3Quarterly Results UpdateAnnual report
「As a result, net sales were ¥66,707 million, up 5.1% year on year, and operating profit was ¥1,061 million, compared with an operating loss of ¥1,026 million in the same period of the previous year.」
For the nine months ended December 31, the department store business reported higher net sales, and operating results shifted from a loss in the same period of the previous year to a profit of ¥1,061 million. - FY2024-Q2Quarterly Results UpdateAnnual report
「As a result, net sales were ¥45,139 million, up 6.5% year on year, and operating profit was ¥689 million, compared with an operating loss of ¥551 million in the same period of the previous year.」
The department store business reported higher net sales, and operating results shifted from a loss of ¥551 million in the same period of the previous year to a profit of ¥689 million. - FY2024-Q1Quarterly Results UpdateAnnual report
「As a result, net sales were ¥21,616 million, up 7.7% year on year, and operating profit was ¥125 million, compared with an operating loss of ¥361 million in the same period of the previous year.」
The department store business shifted from an operating loss in the same period of the previous year to operating profit, while net sales increased 7.7% year on year. - FY2023Update to Full-Year ResultsAnnual report
「As a result of these initiatives, sales increased due to a rebound from the temporary store closures during the previous year's state of emergency, as well as strong sales in the personal shopping and inbound businesses. Net sales were ¥89,476 million, up 11.8% year on year, and operating profit was ¥594 million, compared with an operating loss of ¥2,214 million in the previous fiscal year.」
The department store business reported higher full-year net sales, driven by the rebound in demand, sales through corporate and personal shopping services, inbound sales, and store initiatives, and operating results returned to the black. - FY2023-Q3Quarterly Results UpdateAnnual report
「In addition to the above, the rebound from temporary store closures in Osaka Prefecture under the state of emergency in the previous year and strong sales through corporate and personal shopping services and duty-free sales resulted in net sales of ¥63,492 million, up 13.3% year on year, and an operating loss of ¥1,026 million, compared with an operating loss of ¥3,123 million in the same period of the previous year.」
The department store business reported higher net sales due to the rebound from store closures and strong sales through corporate and personal shopping services and duty-free sales. The operating loss also narrowed from the same period of the previous year. - FY2023-Q2Quarterly Results UpdateAnnual report
「Net sales were ¥42,399 million, up 11.0% year on year, and the operating loss was ¥551 million, compared with an operating loss of ¥1,764 million in the same period of the previous year, due to the rebound from temporary store closures in Osaka Prefecture under the state of emergency in the previous year and strong duty-free sales accompanying the easing of entry restrictions, as well as strong sales through corporate and personal shopping services.」
The department store business reported higher net sales due to the rebound from temporary store closures in the previous year, strong sales through corporate and personal shopping services, and strong duty-free sales accompanying the easing of border-control measures. The operating loss also narrowed from the same period of the previous year. - FY2023-Q1Quarterly Results UpdateAnnual report
「As a result of steadily advancing the medium-term management plan by developing initiatives that propose new value to customers, net sales were ¥20,071 million, up 16.0% year on year, and the operating loss was ¥361 million, compared with an operating loss of ¥760 million in the same period of the previous year.」
The department store business developed initiatives proposing new value, resulting in a 16.0% year-on-year increase in net sales and a narrowing of the operating loss to ¥361 million. - FY2022Update to Full-Year ResultsAnnual report
「Although we advanced these initiatives and worked to reduce expenses, including advertising costs, the partial closure of stores and reduced operating hours under the state of emergency, together with lower customer traffic due to restrictions on going out, had a significant impact. Net sales were ¥80,003 million, compared with ¥196,535 million in the previous fiscal year, and the operating loss was ¥2,214 million, compared with an operating loss of ¥2,704 million.」
The department store business continued to report a substantial decline in net sales, but the operating loss narrowed from the previous fiscal year. The impact of a ¥124,227 million decrease in net sales resulting from the application of the revenue recognition accounting standard was also reported. - FY2022-Q3Quarterly Results UpdateAnnual report
「However, due to restrictions on going out and the sharp decline in inbound demand resulting from the COVID-19 pandemic, as well as temporary store closures and other effects of the issuance of 2 state-of-emergency declarations, net sales for the six months ended September 30 were ¥38,206 million, compared with ¥87,482 million in the same period of the previous year, and the operating loss was ¥1,764 million, compared with an operating loss of ¥2,430 million.」
For the nine months ended December 31, the department store business reported net sales of ¥56,047 million and an operating loss of ¥3,123 million. Although the substantial decline in net sales continued from the same period of the previous year, the operating loss narrowed. - FY2022-Q2Quarterly Results UpdateAnnual report
「However, due to restrictions on going out and the sharp decline in inbound demand resulting from the COVID-19 pandemic, as well as temporary store closures and other effects of the issuance of 2 state-of-emergency declarations, net sales for the six months ended September 30 were ¥38,206 million, compared with ¥87,482 million in the same period of the previous year, and the operating loss was ¥1,764 million, compared with an operating loss of ¥2,430 million.」
The department store business was affected by store closures, restrictions on going out, and the sharp decline in inbound demand, resulting in net sales of ¥38,206 million and an operating loss of ¥1,764 million. Although the operating loss narrowed from the same period of the previous year, net sales were affected by a ¥57,753 million decrease resulting from the application of the revenue recognition accounting standard. - FY2022-Q1WorsenedAnnual report
「In addition to the impact of store closures and other factors, lower consumer sentiment due to restrictions on going out and the sharp decline in inbound demand had a significant impact on results for the three months ended June 30. Net sales were ¥17,305 million, compared with ¥33,309 million in the same period of the previous year, and the operating loss was ¥760 million, compared with an operating loss of ¥2,383 million.」
The department store business was affected by store closures, restrictions on going out, and the sharp decline in inbound demand, resulting in a significant year-on-year decrease in net sales. The operating loss, however, narrowed from the same period of the previous year. - FY2021WorsenedAnnual report
「Although we advanced these initiatives and worked to reduce expenses, including advertising costs, the temporary closure of stores and reduced operating hours under the state of emergency, together with the sharp decline in inbound demand and lower customer traffic due to restrictions on going out, had a significant impact on results for the fiscal year. Net sales remained at ¥196,535 million, down 23.9% from the previous fiscal year, and the company reported an operating loss of ¥2,704 million, compared with operating profit of ¥3,221 million in the previous fiscal year.」
The department store business reported a 23.9% full-year decline in net sales and shifted from operating profit to an operating loss of ¥2,704 million. - FY2021-Q3WorsenedAnnual report
「In the department store business, the declaration of a state of emergency in April 2020 led to temporary store closures and reduced operating hours. In addition, a sharp decline in people going out and inbound demand had a significant impact on results for the nine months ended December 31.」
In the department store business, net sales were ¥137,037 million and the operating loss was ¥3,465 million, due to the impact of temporary store closures, reduced operating hours, restrictions on going out, and the sharp decline in inbound demand. - FY2021-Q2WorsenedAnnual report
「After the state of emergency was lifted and operations resumed in mid-May with the strongest possible infection-control measures, demand for daily necessities, including food, remained firm at suburban stores, while cross-border and domestic e-commerce supported the decline in in-store sales. Although expense reductions, including advertising expenses, enabled the company to secure operating profit in the second-quarter consolidated accounting period from June through August, sales were limited to ¥87,482 million, down 31.4% year on year, and the company recorded an operating loss of ¥2,430 million, compared with operating profit of ¥1,620 million in the same period of the previous year.」
Although demand for daily necessities, the e-commerce business, and cost reductions provided support, the department store business reported net sales of ¥87,482 million, down 31.4% year on year, and an operating loss of ¥2,430 million for the six months ended September 30. - FY2021-Q1WorsenedAnnual report
「Although we continued operating the food and daily-necessities departments under the state of emergency while taking the strongest possible infection-control measures, store closures had a significant impact, and sales were ¥33,309 million, down 48.2% year on year. Although miscellaneous expenses, including advertising expenses, declined within selling, general and administrative expenses, the business recorded an operating loss of ¥2,383 million, compared with operating profit of ¥928 million in the same period of the previous year.」
The department store business saw net sales fall 48.2% year on year due to store closures and shifted from operating profit to an operating loss. - FY2020Update to Full-Year ResultsAnnual report
「As a result of advancing these initiatives, and despite the impact of the consumption tax rate increase and other factors, net sales were ¥258,107 million, down 1.1% from the previous fiscal year, and operating profit was ¥3,221 million, down 32.7%.」
In the department store business, we advanced renovations and collaboration among the 3 stores in the Abeno–Tennoji area, as well as structural reforms at suburban stores, but full-year net sales and operating profit declined due in part to the consumption tax rate increase. - FY2020-Q3Quarterly Results UpdateAnnual report
「As a result of advancing these initiatives, net sales were ¥189,385 million, up 0.3% year on year, despite the impact of an increase in specialty retail areas at each store and supported by demand ahead of the consumption tax increase. Operating profit, however, was ¥1,571 million, down 34.9%, as depreciation expense increased following the renewal of the core systems.」
The department store business captured demand ahead of the consumption tax increase despite the impact of an increase in specialty retail areas, resulting in a 0.3% year-on-year increase in net sales. Operating profit fell 34.9% due to higher depreciation expense following the renewal of the core systems. - FY2020-Q2Quarterly Results UpdateAnnual report
「Although we advanced these initiatives, net sales remained at ¥127,514 million, down 0.8% year on year, due to the impact of integrating department store sales floors with specialty retail areas operated by tenants at each store. Operating profit was ¥1,620 million, down 18.6%, as depreciation expense increased following the renewal of the core systems.」
The department store business reported lower net sales and operating profit due to the integration of department store sales floors with specialty retail areas operated by tenants and higher depreciation expense following the renewal of the core systems. - FY2020-Q1Quarterly Results UpdateAnnual report
「However, net sales remained at ¥64,273 million, down 0.9% year on year, due to the impact of integrating department store sales floors with specialty retail areas operated by tenants at each store. Operating profit was ¥928 million, down 9.2%, as depreciation expense increased following the renewal of the core systems.」
In the department store business, net sales and operating profit fell below the previous year’s levels due to the integration of sales floors and tenant areas and higher depreciation expense following the renewal of the core systems. - FY2019Update to Full-Year ResultsAnnual report
「As a result of advancing these initiatives, and with strong inbound demand, net sales were ¥261,027 million, up 0.8% from the previous fiscal year, and operating profit was ¥4,787 million, up 29.5%.」
In the department store business, full-year net sales and operating profit exceeded the previous fiscal year, driven by renovations at flagship and regional core stores, new businesses, and inbound demand. - FY2019-Q3Quarterly Results UpdateAnnual report
「As a result, net sales were ¥188,872 million, up 2.1% year on year, and operating profit was ¥2,412 million, up 154.5%.」
In the department store business, net sales and operating profit exceeded the previous year’s levels, driven by renovations and efforts to develop new business models. - FY2019-Q2Quarterly Results UpdateAnnual report
「As a result, net sales were ¥128,541 million, up 4.0% year on year, and operating profit was ¥1,989 million, up 57.2%.」
In the department store business, net sales and operating profit exceeded the previous year’s levels, supported by the flagship store’s 21 consecutive months of year-on-year growth, renovations and new shop openings, and cross-border e-commerce. - FY2019-Q1Quarterly Results UpdateAnnual report
「As a result, net sales were ¥64,885 million, up 6.7% year on year, and operating profit was ¥1,023 million, up 54.7%.」
In the department store business, net sales and operating profit exceeded the previous year’s levels, driven by strong performance at the flagship store and store renovations and new shop openings. - FY2018Update to Full-Year ResultsAnnual report
「As a result of promoting these measures, aided by strong inbound demand, sales were ¥258,844 million, up 6.1% from the previous fiscal year, and operating income was ¥3,696 million, up 106.5%.」
Full-year net sales and operating profit in the department store business exceeded the previous fiscal year, driven by initiatives at flagship and regional core stores and inbound demand. - FY2018-Q3Quarterly Results UpdateAnnual report
「As a result, the Abeno Harukas Kintetsu Main Store maintained strong performance throughout the period, with sales exceeding the previous year’s results in each month from March through November. Sales were ¥185,051 million, up 5.8% year on year, and operating income was ¥947 million, compared with an operating loss of ¥837 million in the corresponding period of the previous year.」
The strong performance of the Abeno Harukas Kintetsu Main Store continued from March through November, increasing department store sales and turning operating loss in the corresponding period of the previous year into operating income. - FY2018-Q2Quarterly Results UpdateAnnual report
「As a result, the Abeno Harukas Kintetsu Main Store maintained strong performance throughout the period, with sales exceeding the previous year’s results in each month from March through August. Sales were ¥123,651 million, up 3.9% year on year, and operating income was ¥1,265 million, up 566.6%.」
The strong performance of the Abeno Harukas Kintetsu Main Store continued through the cumulative second quarter, and department store sales and operating income exceeded the year-earlier period. - FY2018-Q1First statedAnnual report
「As a result, sales were ¥60,824 million, up 3.1% year on year, and operating income was ¥661 million, up 366.8%, partly because sales at the Abeno Harukas Kintetsu Main Store exceeded the previous year’s results.」
In the department store business, sales at the Abeno Harukas Kintetsu Main Store exceeded the previous year’s results, and segment sales and operating income also exceeded the year-earlier period.