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Kintetsu Department Store shares fall for fourth day on downward revision to fiscal 2027 forecast as Expo store boost fades

Mon Apr 13, 2026 1:56 pm JST Catalyst

Kintetsu Department Store Co., Ltd. <8244> fell sharply for the fourth consecutive day. The decline was triggered by the company's consolidated earnings forecast for the fiscal year ending February 2027, announced after market close on April 10, which projected sales of 115 billion yen (down 8.3% year-on-year), operating profit of 5.4 billion yen (down 19.6%), and net profit of 3.7 billion yen (down 0.2%), indicating a decline in both revenue and earnings.

The forecast reflects the loss of the sales boost from the Osaka-Kansai Expo official store, which had driven up sales and profits in the previous fiscal year. For the fiscal year ended February 2026, Kintetsu Department Store reported sales of 125.45 billion yen (up 9.0% year-on-year), operating profit of 6.718 billion yen (up 25.5%), and net profit of 3.709 billion yen (up 6.4%).

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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