Isetan Mitsukoshi Holdings Ltd. [3099.T]
TOKYO, May 13 (Pulse News Wire) – Isetan Mitsukoshi Holdings Ltd. (3099.T) reported lower revenue but higher operating profit for the quarter ended March 2026.
Total sales decreased slightly to ¥1.3 billion compared to the previous year's ¥1.225 billion, marking a 103.9% increase from the prior fiscal year. However, operating profit improved to ¥29.606 million, up from ¥29.606 billion last year, reflecting a 101.8% growth rate. In its retail division, total sales reached ¥1.279 billion, showing a 103.3% rise from the previous year. Despite a slight decline in department store sales, the credit, finance, and membership services sector saw stable performance, contributing significantly to overall profitability.
Additionally, real estate operations showed resilience, with total sales increasing by 113.3%. Financially, the company maintained strong capital ratios, with a return on equity (ROE) of 10.1%, down from 12.5% last year. The firm’s net assets stood at ¥620.156 billion, representing a 97.4% increase from the previous year. The company also declared a dividend of ¥80 per share, a ¥10 increase from the previous year.
Overall, while facing challenges in certain segments, Isetan Mitsukoshi demonstrated robust operational efficiency and strategic management, leading to improved profitability despite modest revenue declines.
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