Revised forecast
Fiscal year ended February 2026 · Full yearPrevious forecast published 7 October 2025The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
In the core department store business, sales in the general merchandise categories, including luxury imported watches and cosmetics, as well as food and specialty product events such as the “Big Hokkaido Exhibition,” remained firm. However, net sales fell below the previous forecast due to lower inbound-related sales and the impact of the major cold wave in January, among other factors. In addition to the decline in gross profit, the recognition of an impairment loss or a provision for loss on business of an affiliated company related to Kanazawa New Grand Hotel caused actual results to fall substantially below the forecasts.
Consolidated: ¥1,967 million impairment loss on fixed assets. Non-consolidated: ¥1,628 million provision for loss on business of an affiliated company.
| Item | Details |
|---|---|
| Net Sales | Consolidated 16,200 / Individual 13,700 → Consolidated 15,983 / Individual 13,448（Consolidated △1.3％ / Individual △1.8％） |
| Operating profit | Consolidated 320 / Individual 320 → Consolidated 190 / Individual 278（Consolidated △40.4％ / Individual △13.0％） |
| Ordinary income | Consolidated 200 / Individual 180 → Consolidated 181 / Individual 130（Consolidated △9.4％ / Individual △27.7％） |
| Profit attributable to owners of the parent | Consolidated 220 / Individual 200 → Consolidated -1,132 / Individual -1,173 |
| Net income per share | Consolidated ¥39.22 / Individual ¥35.66 → Consolidated -¥201.91 / Individual -¥209.19 |
| Fiscal Period Covered | Fiscal year ended February 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 7 October 2025 |
| Previous-period results | Consolidated Net Sales 16,434 / Operating profit 195 / Ordinary income 142 / Profit attributable to owners of the parent 192 / Earnings per share ¥34.33 / Individual Net Sales 13,996 / Operating profit 309 / Ordinary income 106 / Net income for the current fiscal year 175 / Earnings per share ¥31.20 |
| Reason for the revision | In the core department store business, sales in the general merchandise categories, including luxury imported watches and cosmetics, as well as food and specialty product events such as the “Big Hokkaido Exhibition,” remained firm. However, net sales fell below the previous forecast due to lower inbound-related sales and the impact of the major cold wave in January, among other factors. In addition to the decline in gross profit, the recognition of an impairment loss or a provision for loss on business of an affiliated company related to Kanazawa New Grand Hotel caused actual results to fall substantially below the forecasts. |
| Details and amount of extraordinary loss | Consolidated: ¥1,967 million impairment loss on fixed assets. Non-consolidated: ¥1,628 million provision for loss on business of an affiliated company. |
| Dividend forecast revision | The Company decided not to pay a year-end dividend for the fiscal year ending February 2026. The dividend per share is ¥0.00, while the latest dividend forecast was undetermined. |
| Consolidated / non-consolidated | Consolidated/non-consolidated |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Net sales fell below the forecast due to lower inbound-related sales and the major cold wave in January, among other factors, resulting in a decline in gross profit. In addition, the Company recognized a ¥1,967 million impairment loss on Kanazawa New Grand Hotel on a consolidated basis and a ¥1,628 million provision for loss on business of an affiliated company on a non-consolidated basis.