Kintetsu Department Store CO.,Ltd. [8244.T]
TOKYO, Apr 10 (Pulse News Wire) – Kintetsu Department Store CO.,LTD. (8244.T) reported strong revenue growth of ¥125.45 billion and net profit of ¥3.709 billion for the fiscal year ended February 2026.
The results were driven by increased sales due to the Osaka World Expo and compensation received from the closure of its Nagoyma store. However, the company also recorded impairment losses on assets in its Nara and Shikokubashi stores. In detail, operating profit rose to ¥6.718 billion from ¥5.353 billion, reflecting higher revenues across various segments despite increased marketing expenses.
Additionally, extraordinary income included a ¥942 million gain from selling investment securities and a ¥4.531 billion compensation payment related to the Nagoyma store closure. Conversely, extraordinary expenses amounted to ¥4.356 billion due to asset impairments and closure-related costs. Looking ahead, Kintetsu forecasts a decline in revenue to ¥118.63 billion and a significant drop in net profit to ¥800 million for the next fiscal year ending February 2027, citing reduced expo-related activities and ongoing economic challenges.
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