Fiscal 2026 First Half Interim Results Presentation

Summary of Results

For the first half of fiscal 2026, consolidated results were: total net sales of 638.2 hundred million yen (exceeding forecasts by more than 4.5 hundred million yen), revenue of 638.2 hundred million yen, gross profit of 80.6 hundred million yen, and operating profit of 17.3 hundred million yen. SG&A decreased year-on-year due to cost containment and timing differences. Conversely, factors such as the impact of Umeda store renovations and the year-on-year decline in sales related to the Expo had negative effects on operating profit. Overall, results exceeded the April forecast. Duty-free sales remained solid, and the opening of HAERA is contributing positively.

Outlook and Key Focus Areas

For the full year, while taking into account the impact of the closure of sales floors at Daimaru Umeda, the company expects continued steadiness in the department store and shopping center businesses and forecasts record-high operating profit of 53.5 hundred million yen. The company will enhance earning power by leveraging group assets and customer assets through initiatives such as the opening of HAERA, completion and decisions on major renovations, strengthening cross-group customer engagement, and strategic responses to investments by Pirot Japan.