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Takashimaya, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 12% Decrease
8233 Takashimaya Company,Limited 【J-GAAP】
Earnings ReportTakashimaya Company,Limited <8233> [TSE Prime] announced its financial results in the afternoon session on June 30th (15:00). The consolidated ordinary profit for the first quarter of the fiscal year ending February 2026 (March to May) dropped 35.5% from the same period last year to 11.5 billion yen.
In addition, the full-year forecast for consolidated ordinary profit has decreased 13.1%, from the previous forecast of 61.0 billion yen to 53.0 billion yen (compared to 60.3 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 12.2% decrease in profit.
At the same time, the March to August period (first half) consolidated ordinary profit has decreased 28.8%, from the previous forecast of 28.8 billion yen to 20.5 billion yen (compared to 30.2 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 4.8% to 32.2%.
In the most recent three-month period, from March to May (1Q), the operating profit margin decreased from 14.4% in the same period last year to 11.2%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar - May, 2023 | 105,557 | 11,038 | 11,621 | 8,540 | 27.1 | 52.4 | Jun 29, 2023 | J-GAAP |
| Mar - May, 2024 | 120,125 | 17,295 | 17,835 | 12,821 | 40.6 | 59.0 | Jun 28, 2024 | J-GAAP |
| Mar - May, 2025 | 112,461 | 12,635 | 11,508 | 6,996 | 23.1 | 56.1 | Jun 30, 2025 | J-GAAP |
| YoY | -6.4% | -26.9% | -35.5% | -45.4% | -43.3% |
Guidance Update
First Half Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar - Aug, 2025 Prev | 248,600 | 27,400 | 28,800 | 18,000 | 59.7 | 13 | Apr 14, 2025 | J-GAAP |
| Mar - Aug, 2025 New | 233,000 | 21,000 | 20,500 | 20,500 | 68.0 | 13 | Jun 30, 2025 | J-GAAP |
| Revision Rate | -6.3% | -23.4% | -28.8% | +13.9% | +13.9% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Feb, 2026 Prev | 521,200 | 58,000 | 61,000 | 40,000 | 136.5 | 26 | Apr 14, 2025 | J-GAAP |
| Feb, 2026 New | 493,000 | 50,000 | 53,000 | 40,000 | 136.5 | 26 | Jun 30, 2025 | J-GAAP |
| Revision Rate | -5.4% | -13.8% | -13.1% | 0.0% | 0.0% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar - Aug, 2024 | 243,431 | 28,760 | 30,238 | 19,078 | 60.5 | 11.50 | Oct 15, 2024 | J-GAAP |
| Mar - Aug, 2025 Guidance | 233,000 | 21,000 | 20,500 | 20,500 | 68.0 | 13 | Jun 30, 2025 | J-GAAP |
| YoY | -4.3% | -27.0% | -32.2% | +7.5% | +12.4% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Feb, 2024 | 466,134 | 45,937 | 49,199 | 31,620 | 100.2 | 18.50 | Apr 12, 2024 | J-GAAP |
| Feb, 2025 | 498,491 | 57,503 | 60,396 | 39,525 | 126.3 | 24.50 | Apr 14, 2025 | J-GAAP |
| Feb, 2026 Guidance | 493,000 | 50,000 | 53,000 | 40,000 | 136.5 | 26 | Jun 30, 2025 | J-GAAP |
| YoY | -1.1% | -13.0% | -12.2% | +1.2% | +8.1% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar - May, 2024 | 120,125 | 17,295 | 17,835 | 12,821 | 40.6 | 14.4 | Jun 28, 2024 | J-GAAP |
| Jun - Aug, 2024 | 123,306 | 11,465 | 12,403 | 6,257 | 19.8 | 9.3 | Oct 15, 2024 | J-GAAP |
| Sep - Nov, 2024 | 118,298 | 12,763 | 11,612 | 6,997 | 22.2 | 10.8 | Dec 24, 2024 | J-GAAP |
| Dec - Feb, 2024 | 136,762 | 15,980 | 18,546 | 13,450 | 43.0 | 11.7 | Apr 14, 2025 | J-GAAP |
| Mar - May, 2025 | 112,461 | 12,635 | 11,508 | 6,996 | 23.1 | 11.2 | Jun 30, 2025 | J-GAAP |
| YoY | -6.4% | -26.9% | -35.5% | -45.4% | -43.3% |
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