Isetan Mitsukoshi Holdings (3099) Q3 2025 earnings summary

Executive summary

• Gross and net sales, as well as profits, reached record highs for Q3 and the nine months ended December 31, 2024, driven by strong domestic and inbound demand, robust online business, and strategic initiatives.

• Cost structure reforms led to lower selling, general, and administrative expenses year-over-year despite increased revenue, boosting margins.

• New medium-term management plan (FY2025–2030) formulated, focusing on personalized marketing and sustainability.

• Received highest "AAA" MSCI ESG rating and Daiwa Internet IR Award for sustainability.

Financial highlights

• Q3 cumulative gross sales rose to 9,786 (0.1 billions of yen), up 107.5% year-over-year (+683); net sales for nine months reached ¥417,450 million, up 3.9%.

• Operating profit reached 599 (Q3, +146.4% YoY), and ¥59,939 million for nine months (+46.4% YoY); ordinary profit at 660 (Q3, +146.8% YoY), and ¥66,043 million for nine months (+46.8% YoY).

• Profit attributable to owners was 464 (Q3, +149.4% YoY), and ¥46,479 million for nine months (+49.4% YoY).

• Basic earnings per share rose to ¥124.86 from ¥81.43 year-over-year.

• Gross profit margin improved as gross profit rose to ¥254,974 million from ¥238,487 million year-over-year.

Outlook and guidance

• Full-year plan remains in line with previous guidance, with continued focus on revitalization strategies and cost control.

• Full-year gross sales projected at 13,200 (0.1 billions of yen), up 107.8% year-over-year (+953); net sales forecast at ¥556,000 million (+3.6% YoY).

• Operating profit forecasted at 720 (Q4, +132.4% YoY); full-year operating profit forecast at ¥72,000 million (+32.4% YoY).

• Profit attributable to owners forecast at 580 (Q4, +104.4% YoY); full-year profit at ¥58,000 million (+4.4% YoY), EPS ¥155.80.

• Annual dividend forecast raised to ¥48.00 per share.