Kintetsu Department Store raises first-half profit outlook on strong sales

Kintetsu Department Store Co., Ltd. has revised its financial forecasts for the six months ending August 31, 2025. Previously, net sales of ¥59,900 million were projected but are now expected to reach ¥62,500 million, a 4.3% increase. Operating profit is revised upwards significantly from ¥2,000 million to ¥2,600 million, a 30.0% increase.

Ordinary profit is expected to climb 44.4% from ¥1,800 million to ¥2,600 million, with profit attributable to owners of parent rising 9.4% to ¥3,500 million from ¥3,200 million. Earnings per share are now forecast at ¥89.07, up from ¥81.55.

This positive revision is primarily attributed to the strong performance of "Expo 2025 Official Store, West Gate KINTETSU." The company also reclassified certain expenses related to large-scale renovation work, including losses on disposal of fixed assets, as extraordinary losses, which favorably impacted ordinary profit.

For the full fiscal year ending February 28, 2026, the company maintains its net sales and operating profit forecasts at ¥121,000 million and ¥5,400 million, respectively, due to underperforming duty-free sales in the second half. However, ordinary profit is still expected to increase by 8.3% to ¥5,200 million from the initial ¥4,800 million forecast, primarily due to the aforementioned reclassification of renovation-related costs. Kintetsu Group Holdings Co.,Ltd. states there are no revisions to its consolidated financial results forecast.