Saikaya Department Store Co.,Ltd. [8254.T]
TOKYO, Apr 01 (Pulse News Wire) – Saikaya Department Store CO.,LTD. (8254.T) announced its three-year mid-term business plan aimed at achieving revenue of ¥4.950 billion by the fiscal year ending August 2029.
The company, which turned profitable again in the fiscal year ended August 2023 after nine consecutive loss-making years, plans to further enhance profitability through initiatives such as attracting new tenants, revitalizing dining areas, and reviving operations in the Kawasaki region. Key strategies outlined in the plan include the opening of a large tenant, Round One, at Yokosuka store in early summer 2026, followed by a drugstore at Fujisawa store in summer 2026. Additionally, the company intends to reconstruct the eighth-floor dining area at Fujisawa store and introduce cafes and light dining options at Yokosuka store to boost foot traffic and customer dwell time.
The plan also includes efforts to revive the Kawasaki store, which closed in May 2015 but retains strong brand recognition locally. By leveraging this brand strength, Saikaya aims to transform the store into a visitor-attracting facility and expand its revenue base. Financial targets for the final year of the plan, fiscal year 2029, include operating profit of ¥291 million, ordinary profit of ¥134 million, and net income of ¥190 million.
Detailed information on the mid-term business plan is available in the attached documents.
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