Isetan Mitsukoshi Holdings (3099) Q3 2026 earnings summary

Executive summary

• Domestic customer sales remained strong, with per-customer spending exceeding last year's level, while CRM initiatives supported medium- to long-term prospects.

• Overseas customer sales were affected by environmental factors and a decline in inbound visitors, but CRM measures and app engagement led to higher per-customer spending.

• Operating profit for Q3 reached a record 26.6 billion yen, with profit attributable to owners of parent at a record 51.267 billion yen, up 10.3% year-on-year, aided by gains on sales of shares of subsidiaries and associates.

• Ongoing cost controls contributed to record-high quarterly operating profit.

Financial highlights

• Q3 gross sales were 9,606 (0.1 billions of yen), 98.2% YoY; net sales for the nine months were ¥406,341 million, down 2.7% YoY.

• Q3 operating profit was 26.6 billion yen, up 6.2% YoY; nine-month operating profit was ¥58,065 million, down 3.1% YoY.

• Full-year operating profit is forecast at a record 78.0 billion yen; profit forecast raised to 65.0 billion yen.

• Basic earnings per share for the nine months was ¥143.61, with a full-year forecast of ¥182.19.

• Equity-to-asset ratio stood at 47.5% as of December 31, 2025.

Outlook and guidance

• Full-year plan maintains record operating profit target and raises profit forecast by 3.0 billion yen.

• Gross sales forecast revised downward due to weaker overseas customer sales, but domestic customer sales targets maintained.

• Dividend forecast revised upward to ¥70 per share for FY2026.

• Company plans to repurchase up to 18 million shares (¥30 billion) by February 2027, with all repurchased shares to be cancelled.

• Overseas customer sales plan assumes continued softness, especially from China and Hong Kong.