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H2O RETAILING rebounds as May department store sales rise 15.1%, marking third consecutive month of year-on-year growth

Tue Jun 2, 2026 1:06 pm JST Catalyst

Shares of H2O Retailing Corporation <8242> rebounded on Tuesday, drawing strong market interest. Following the close on Monday, June 1, the department store operator released its May monthly update, which showed total department store sales jumped 15.1% year-on-year, marking its third consecutive month of year-on-year expansion.

Boosted by a favorable Golden Week holiday calendar, domestic customer demand sustained its robust momentum well into the post-holiday period. Notably, the Hankyu and Hanshin flagship stores anchored the overall gains, logging double-digit growth for a second straight month. On the inbound front, mass tourist sales from China remained sluggish at roughly 40% below prior-year levels; however, high-net-worth overseas VIP customers?including affluent Chinese shoppers?surged approximately 40% year-on-year, driving an estimated 20% increase in total duty-free sales.

Source: MINKABU PRESS

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

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