Kintetsu Department Store posts strong interim results driven by Expo demand

Kintetsu Department Store reported consolidated net sales of JPY 62,546 million for the second quarter (interim period) of the fiscal year ending February 2026, an increase of 12.1% year-over-year. Operating profit rose by 32.2% to JPY 2,620 million, and ordinary profit increased by 44.5% to JPY 2,630 million. Net income attributable to owners of the parent soared by 151.5% to JPY 3,580 million. The company's performance was bolstered by the department store segment, specifically the Osaka-Kansai Expo effect, and strong sales in the wholesale and retail segments.

Segment-wise, the department store business saw external customer sales of JPY 51,348 million, while wholesale and retail recorded JPY 7,902 million, driven by robust new and used car sales at Stern Kintetsu. Interior finishing sales reached JPY 1,915 million due to strong hotel construction orders received by Kintetsu Interior. Total selling, general, and administrative expenses increased by 11.3% to JPY 28,737 million, partly due to costs related to the Expo.

Looking ahead, Kintetsu Department Store forecasts consolidated net sales of JPY 121,000 million and net income of JPY 3,500 million for the full fiscal year ending February 2026. The company’s financial position remains solid, with total assets increasing by JPY 9,337 million to JPY 123,726 million and total net assets growing by JPY 4,750 million to JPY 43,327 million, resulting in a healthy equity ratio of 35.0%.