Source disclosure: February 04, 2026
Japan Airport Terminal Co.,ltd. [9706.T]
TOKYO, Feb 04 (Pulse News Wire) – Japan Airport Terminal CO.,LTD. (9706.T) decided today to withdraw its subsidiary, Japan Duty Free Fa-So-La Mitsukoshi, from Ginza Mitsukoshi.
The move follows discussions during a board meeting held on February 04, 2026, which also initiated talks with joint venture partners NAA Retailing and Mitsukoshi Isetan Holdings regarding potential dissolution and liquidation of the subsidiary. Established in 2014, Japan Duty Free Fa-So-La Mitsukoshi aimed to operate competitive duty-free stores within city centers to boost consumption among outbound travelers and enhance convenience for inbound tourists. Despite initial challenges due to the pandemic, the subsidiary achieved profitability in March 2025.
However, ongoing operational difficulties and reliance on sales from specific regions led to the decision to exit Ginza Mitsukoshi upon the expiration of lease agreements in January 2027. Key details of Japan Duty Free Fa-So-La Mitsukoshi include: - Capital: ¥490 million - Established: September 30, 2014 - Shareholders: Japan Airport Terminal (holding 67.5%), NAA Retailing (27.5%), and Mitsukoshi Isetan Holdings (5.0%) Scheduled actions moving forward include notifying relevant parties after February 2026 and closing operations at Ginza Mitsukoshi in September 2026. The impact on the parent company's consolidated performance for the current fiscal period is expected to be minor.
Further developments will be disclosed promptly if necessary.
AI-translated content. 🟡 Confidence: Standard See terms • Original filing