Kintetsu Group Holdings Co.,Ltd.
Notice Regarding the Revision of Earnings Forecast for Consolidated Subsidiary (Kintetsu Department Store Co., Ltd.)
Revision of Kintetsu Department Store's earnings forecast. For the interim period, consolidated net sales are revised from 56,000 to 57,000 hundred million yen, operating income from 1,800 to 2,700 million yen, ordinary income from 1,700 to 2,700 million yen, and net income attributable to owners of the parent per share from 24.77 to 42.10 yen. For the full year, consolidated net sales from 115,000 to 116,000 hundred million yen, operating income from 5,400 to 5,600 million yen, ordinary income from 5,200 to 5,500 million yen, net income attributable to owners of the parent from 3,700 to 3,900 million yen, and net income per share from 91.64 to 96.59 yen is revised upward. The revision is due to yen depreciation and internal improvements.
Key Figures
- Consolidated net sales ( interim ): 57,000 million yen
- Consolidated operating income ( interim ): 2,700 million yen
- Net income attributable to owners of the parent ( interim ): 1,700 million yen
- Net income per share ( interim ): 42.10 yen
- Consolidated net sales ( full year ): 116,000 million yen
- Net income per share ( full year ): 96.59 yen
AI要約
Overview of earnings forecast revisions
Kintetsu Department Store has revised its consolidated earnings forecasts for the second quarter (interim) of the fiscal year ending February 2027 and for the full year. Interim net sales are revised from 56,000 million yen to 57,000 million yen, operating income from 1,800 million yen to 2,700 million yen, ordinary income from 1,700 million yen to 2,700 million yen, and net income attributable to owners of the parent per share from 24.77 yen to 42.10 yen. For the full year, net sales are revised to 116,000 million yen, operating income to 5,600 million yen, ordinary income to 5,500 million yen, net income attributable to owners of the parent to 3,900 million yen, and net income per share to 96.59 yen.
Background of the revisions and notes
The revisions reflect strong taxable free-cash sales aided by yen depreciation in the first quarter, strong performance in the Awabino Harukas Kintetsu department store prepared foods area and various events, and expanded orders in the interior construction business. With the first half outperformed, the outlook for the second half accounts for cost increases, and exceeds previous forecasts. However, it notes that results can vary due to various factors.
Kintetsu Group Holdings, Ltd.
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