Matsuya announces share buyback, revised forecast, and asset sale

Matsuya Co., Ltd. announced a decision to acquire treasury shares, aiming to improve capital efficiency and enhance shareholder returns as part of its "Management Plan Aiming to Be the 'Global Destination'." The company will acquire up to 2.4m common shares (4.52% of total issued shares) at a maximum cost of ¥4,000m between October 10, 2025, and April 30, 2026. This buyback will be conducted via market purchases.

Concurrently, Matsuya resolved to sell a portion of its listed investment securities by February 2026, expecting to report an extraordinary gain of ¥1,600m from this sale. However, the company also anticipates recording extraordinary losses in its second quarter ending August 31, 2025, for the fiscal year ending February 2026. Impairment losses totaling ¥645m for goodwill, ¥310m for software, and ¥47m for other intangible assets were recorded in the Department Stores Business due to a review of future plans.

In light of these developments, Matsuya revised its full-year financial results forecast. For the six months ended August 31, 2025, net sales decreased by 6.8% year-on-year to ¥22,482m, and operating income fell by 63.8% to ¥1,005m, resulting in a loss attributable to owners of parent of ¥209m. The company now forecasts full-year net sales of ¥45,000m, operating income of ¥2,000m, and a profit attributable to owners of parent of ¥1,200m for the fiscal year ending February 28, 2026.