Takashimaya Company (8233) investor relations material

Executive summary

• Q1 profits and revenues increased significantly across all segments, surpassing expectations, with strong cost control and sales growth from both domestic and inbound customers in the Department Stores in Japan segment.

• Other segments, notably Finance and Overseas Commercial Property Development, contributed solidly to overall profit growth.

• The company continues to execute its Medium-Term Management Plan, focusing on seamless group integration, digital transformation, ESG initiatives, and sustainable growth.

Financial highlights

• Total operating revenue rose 8.4% year-over-year to ¥261.4 bn, with operating profit up ¥3.3 bn to ¥16.0 bn; profit attributable to owners of parent increased by ¥4.1 bn to ¥11.1 bn.

• Comprehensive income reached ¥10,380 million (+291.5% YoY).

• SG&A expenses grew modestly, improving the SG&A to revenue ratio by 1.1 percentage points.

• EPS was ¥37.82 (vs. ¥23.06 YoY).

• Cash and cash equivalents increased to ¥91,574 million, up ¥14,133 million from the previous fiscal year-end.

Outlook and guidance

• Despite Q1 outperformance, full-year forecasts remain unchanged due to ongoing business environment uncertainties; full-year operating revenue forecast at ¥1,055.0 bn (+2.2% YoY), operating profit at ¥57.5 bn (+4.0% YoY), and profit attributable to owners of parent at ¥38,000 million.

• No segment forecast revisions; cautious stance maintained.

• Annual dividend forecast raised to ¥40.00 per share.