Takashimaya raises dividends, adjusts bond terms, closes Rakusai store

Takashimaya's Board of Directors has approved an interim dividend of 17.00 yen per share, an increase from the previously forecast 13.00 yen, resulting in a total interim dividend payout of 5,088 million yen. Concurrently, the year-end dividend forecast has been revised upwards by 4.00 yen to 17.00 yen per share, leading to a total annual forecast of 34.00 yen, an 8.00 yen increase from the prior forecast. This adjustment has also triggered a change in the conversion price of the 60,000,000,000 yen Zero Coupon Convertible Bonds due 2028, from 1,071.0 yen to 1,066.1 yen, effective September 1, 2025.

In a separate strategic move, Takashimaya will close its Rakusai Store on August 3, 2026, after operating for over 40 years. The decision follows consistent operating losses and the need for substantial capital investment, which the company deems unlikely to be recovered. The store's property, including the building and land, will be sold to a developer specializing in senior condominiums.

The financial impact of the Rakusai Store closure on consolidated results for the fiscal years ending February 28, 2026, and February 28, 2027, is expected to be minor. The dividend revisions reflect the company's commitment to stable shareholder returns, while the store closure addresses underperforming assets and aligns with long-term strategic adjustments.