Takashimaya revises forecasts amid inbound sales slowdown

Takashimaya Company, Limited has announced revisions to its financial forecasts, citing a significant decrease in sales to inbound travelers compared to the previous year, which had been bolstered by a weaker yen. Sales of high-ticket items fell more than anticipated. While an improvement in the consumer environment had been expected to boost domestic sales, these figures remained below expectations due to inflationary pressures.