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Saikaya Department Store's February Half-Year Results Exceed Plan; Announces Mid-Term Plan Targeting \291 Million Operating Profit for August 2029

Wed Apr 1, 2026 4:07 pm JST Catalyst

Saikaya Department Store Co.,Ltd. <8254> announced after the close of trading that its consolidated results for the half-year period ending in February, currently being compiled, exceeded initial forecasts. Revenue reached \2.371 billion (up 0.5% year-on-year) versus the previous estimate of \2.3 billion, operating profit came in at \58 million (down 1.7% year-on-year) compared to the earlier forecast of \40 million, and net profit totaled \34 million (down 65.7% year-on-year) versus the prior projection of \30 million.

The upside was attributed to a significant increase in transaction volume in the gold bullion purchasing business amid soaring gold prices, as well as the department store business achieving nearly planned profit levels. Additionally, continued low-cost operations and reduced rent burden resulting from the earlier-than-expected acquisition of certain sections of the Yokosuka store also contributed.

Simultaneously, the company announced a mid-term management plan targeting revenue of \5.005 billion (compared to the \4.8 billion forecast for August 2026), operating profit of \291 million (versus \150 million), and net profit of \134 million (versus \120 million) for the fiscal year ending August 2029. Having established a framework to maintain stable profitability, the company aims to further strengthen earnings capacity through initiatives including attracting new tenants, enhancing the dining floor, and revitalizing the Kawasaki district.

Source: MINKABU PRESS

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