Saikaya Department Store Co.,Ltd. <8254> rebounded after six consecutive days of decline. After the close of trading on the 1st, the company announced that its consolidated results for the interim period ending in February came in above its previous forecasts, with sales rising to \2.371 billion (up 0.5% year-on-year) from the initial forecast of \2.3 billion, operating profit reaching \58 million (down 1.7% year-on-year) versus the previous estimate of \40 million, and net profit at \34 million (down 65.7% year-on-year) compared to the initial forecast of \30 million. The announcement was well received by the market.

The upward revision was driven by a significant increase in transaction volume in the gold bullion trading business amid soaring gold prices, as well as the department store business achieving roughly in-line profits with the plan. Additionally, the continuation of low-cost operations and a reduction in rent burden due to the accelerated acquisition of certain areas of the Yokosuka store also contributed to the results.

Simultaneously, the company announced a medium-term business plan targeting sales of \5.005 billion (compared to the August 2026 forecast of \4.8 billion), 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 structure capable of maintaining stable profitability, the company aims to further strengthen its earnings capacity by attracting new tenants, enhancing its dining floors, and revitalizing the Kawasaki area.

Source: MINKABU PRESS