Revised forecast
Fiscal year ended February 2026 · Full yearPrevious forecast published 13 January 2026The 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.
Net sales, operating income and ordinary income are expected to exceed the previous forecasts because the “2025 Osaka-Kansai Expo Official Store” performed well and duty-free sales exceeded the previous forecast. Although impairment losses exceeded expectations and extraordinary losses increased, net income on both a consolidated and standalone basis is expected to broadly exceed the previous forecast.
Impairment losses related to the store assets of the Yokkaichi and Nara stores: ¥4,314 million on a consolidated basis and ¥4,356 million on a standalone basis.
| Item | Details |
|---|---|
| Net Sales | Consolidated 121,000 / Individual 101,000 → Consolidated 125,400 / Individual 104,700（Consolidated 3.6 / Individual 3.7） |
| Operating profit | Consolidated 5,400 / Individual 4,400 → Consolidated 6,700 / Individual 6,000（Consolidated 24.1 / Individual 36.4） |
| Ordinary income | Consolidated 5,200 / Individual 4,200 → Consolidated 6,600 / Individual 5,750（Consolidated 26.9 / Individual 36.9） |
| Profit attributable to owners of the parent | Consolidated 3,500 / Standalone (net income) 3,100 → Consolidated 3,700 / Standalone (net income) 3,100（Consolidated 5.7 / Standalone (net income) Not disclosed） |
| Net income per share | Consolidated 88.56 / Individual 78.44 → Consolidated 93.33 / Individual 78.19 |
| Fiscal Period Covered | Fiscal year ended February 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 13 January 2026 |
| Previous-period results | Consolidated Net Sales 115,107 / Operating profit 5,353 / Ordinary income 5,148 / Profit attributable to owners of the parent 3,484 / Net income per share 87.85 / Individual Net Sales 94,630 / Operating profit 4,206 / Ordinary income 3,995 / Net income for the current fiscal year 3,103 / Net income per share 78.24 |
| Reason for the revision | Net sales, operating income and ordinary income are expected to exceed the previous forecasts because the “2025 Osaka-Kansai Expo Official Store” performed well and duty-free sales exceeded the previous forecast. Although impairment losses exceeded expectations and extraordinary losses increased, net income on both a consolidated and standalone basis is expected to broadly exceed the previous forecast. |
| Details and amount of extraordinary loss | Impairment losses related to the store assets of the Yokkaichi and Nara stores: ¥4,314 million on a consolidated basis and ¥4,356 million on a standalone basis. |
| Consolidated / non-consolidated | Consolidated / Non-consolidated |
Items this document does not state (1)
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.Net sales, operating income and ordinary income are expected to exceed the previous forecasts because the “2025 Osaka-Kansai Expo Official Store” performed well and duty-free sales exceeded the previous forecast. Although impairment losses exceeded expectations and extraordinary losses increased, net income is also expected to broadly exceed the previous forecast.