Announcement • Jul 10
Kintetsu Department Store Co., Ltd. Revises Consolidated and Non-Consolidated Earnings Guidance for the Half Year Ending August 31, 2026 and Full-Year Ending February 28, 2027
Kintetsu Department Store Co., Ltd. revised consolidated and Non-Consolidated earnings guidance for the half year ending August 31, 2026 and full-year ending February 28, 2027. For the half year, on consolidated basis, the company now expects net sales of JPY 57,000 million, operating profit of JPY 2,700 million, profit attributable to owners of parent of JPY 1,700 million and Basic earnings per share of JPY 42.10 as compared to the previous guidance of net sales of JPY 56,000 million, operating profit of JPY 1,800 million, profit attributable to owners of parent of JPY 1,000 million and earnings per share of JPY 24.77
For the Full year, on consolidated basis, the company now expects net sales of JPY 116,000 million, operating profit of JPY 5,600 million, profit attributable to owners of parent of JPY 3,900 million and Basic earnings per share of JPY 96.59 as compared to the previous guidance of net sales of JPY 115,000 million, operating profit of JPY 5,400 million, profit attributable to owners of parent of JPY 3,700 million and earnings per share of JPY 91.64.
For the half year, on non-consolidated basis, the company now expects net sales of JPY 46,000 million, operating profit of JPY 2,400 million, Net Profit of JPY 1,400 million and earnings per share of JPY 34.67 as compared to the previous guidance of net sales of JPY 45,200 million, operating profit of JPY 1,600 million, net profit of JPY 800 million and earnings per share of JPY 19.81
For the Full year, on non-consolidated basis, the company now expects net sales of JPY 93,800 million, operating profit of JPY 4,800 million, net profit of JPY 3,300 million and earnings per share of JPY 81.73 as compared to the previous guidance of net sales of JPY 93,000 million, operating profit of JPY 4,700 million, net profit of JPY 3,200 million and earnings per share of JPY 79.26.
Reasons for Revision: In the first quarter of the fiscal year ended February 2027, the Company's business performance remained solid, supported by strong duty-free sales driven by the depreciation of the yen, as well as favorable results from the renovation of the delicatessen floor at Kintetsu Department Store Main Store Abeno Harukas and various promotional events. In addition, in the interior construction business, Kinso Co. Ltd. obtained orders above the level initially anticipated, contributing to earnings. As a result, for the second quarter (interim period) of the fiscal year ended February 2027, both net sales and profits at all levels on a non-consolidated and consolidated basis are expected to exceed the previously announced forecasts. Regarding the forecast of consolidated and non consolidated financial results ended February 2027, net sales and profits at all levels are expected to surpass the previously announced forecasts, even after taking into account higher costs in the second half of the fiscal year associated with inflationary pressures arising from the situation in the Middle East.
