Explanatory Materials for Settlement of Consolidated Accounts for the Second Quarter of Fiscal Year Ending March 31, 2024
Table of Contents
I. Isetan Mitsukoshi Holdings Consolidated Results | ||
1. | Outline of Consolidated Business Results | P.1 |
2. | Consolidated Selling, General and | P.3 |
Administrative Expenses | P.3 | |
3. | Consolidated Non-operating Income/Loss | P.3 |
4. | Consolidated Extraordinary Gain/Loss | P.4 |
5. | Consolidated Capital Investment | P.4 |
6. | Net Sales by Segment and Operating Income/Loss | P.5 |
7. | Main Consolidated Companies | P.6 |
II. Isetan Mitsukoshi Ltd. Non-consolidated Business Results | ||
1. | Outline of Non-consolidated Business Results | P.10 |
2. | Net Sales | P.12 |
*"Gross sales" in these materials is net sales if the Accounting Standard for Revenue Recognition, etc. had not been applied.
*The figures for the second quarter of the fiscal year ending March 2023 reflect the significant revision of the initial allocation of acquisition costs due to the finalization of provisional accounting treatment for business combinations.
November 10, 2023
Isetan Mitsukoshi Holdings Ltd.
I. Isetan Mitsukoshi Holdings Consolidated Results
1. Outline of Consolidated Business Results
(1) Consolidated Business Results
(Millions of yen) | ||||||
Fiscal 2021 | Fiscal 2022 | Fiscal 2023 | ||||
Second | Full year | Second | Full year | Second | Full Year | |
quarter | quarter | quarter | (Forecast) | |||
Gross sales | 398,997 | 912,114 | 495,684 | 1,088,465 | 561,433 | 1,200,000 |
YoY (%) | 118.9 | 111.8 | 124.2 | 119.3 | 113.3 | 110.2 |
YoY difference | 63,296 | 96,104 | 96,687 | 176,351 | 65,748 | 111,534 |
Net sales | 187,932 | 418,338 | 222,874 | 487,407 | 248,518 | 525,000 |
YoY (%) | 56.0 | 51.3 | 118.6 | 116.5 | 111.5 | 107.7 |
YoY difference | (147,768) | (397,671) | 34,941 | 69,068 | 25,644 | 37,592 |
Gross profit | 107,993 | 243,685 | 131,942 | 286,550 | 147,880 | 314,000 |
YoY (%) | 112.4 | 107.1 | 122.2 | 117.6 | 112.1 | 109.6 |
YoY difference | 11,921 | 16,119 | 23,949 | 42,864 | 15,937 | 27,449 |
Operating income | (7,758) | 5,940 | 8,946 | 29,606 | 20,190 | 48,000 |
YoY (%) | - | - | - | 498.4 | 225.7 | 162.1 |
YoY difference | 10,054 | 26,916 | 16,704 | 23,666 | 11,244 | 18,393 |
Recurring income (loss) | (7,114) | 9,520 | 9,542 | 30,017 | 22,907 | 50,000 |
YoY (%) | - | - | - | 315.3 | 240.1 | 166.6 |
YoY difference | 9,977 | 26,692 | 16,657 | 20,496 | 13,364 | 19,982 |
Net income attributable to parent company | (8,136) | 12,338 | 7,771 | 32,377 | 14,865 | 37,000 |
shareholders | ||||||
YoY (%) | - | - | - | 262.4 | 191.3 | 114.3 |
YoY difference | 28,649 | 53,417 | 15,908 | 20,039 | 7,094 | 4,622 |
Net income per share (yen) | (21.35) | 32.36 | 20.37 | 84.82 | 38.92 | 96.87 |
YoY Difference | 75.39 | 140.31 | 41.71 | 52.47 | 18.55 | 12.04 |
Gross profit margin (%) | 57.46 | 58.25 | 59.20 | 58.79 | 59.50 | 59.81 |
Percent change from | 28.85 | 30.36 | 1.74 | 0.54 | 0.30 | 1.02 |
previous fiscal year | ||||||
Operating profit margin (%) | (4.1) | 1.4 | 4.0 | 6.1 | 8.1 | 9.1 |
Percent change from | 1.2 | 4.0 | 8.1 | 4.7 | 4.1 | 3.1 |
previous fiscal year | ||||||
Recurring profit margin (%) | (3.8) | 2.3 | 4.3 | 6.2 | 9.2 | 9.5 |
Percent change from | 1.3 | 4.4 | 8.1 | 3.9 | 4.9 | 3.4 |
previous fiscal year | ||||||
Return on sales (%) | (4.3) | 2.9 | 3.5 | 6.6 | 6.0 | 7.0 |
Percent change from | 6.6 | 8.0 | 7.8 | 3.7 | 2.5 | 0.4 |
previous fiscal year | ||||||
(2) Consolidated Financial Positions
(Millions of yen) | |||||||
Fiscal 2021 | Fiscal 2022 | Fiscal 2023 | |||||
Second | Full year | Second | Full year | Second | Full Year | ||
quarter | quarter | quarter | (Forecast) | ||||
Total assets | 1,155,661 | 1,168,574 | 1,187,206 | 1,217,308 | 1,213,769 | 1,226,000 | |
YoY (%) | 99.1 | 97.5 | 102.7 | 104.2 | 102.2 | 100.7 | |
YoY difference | (10,729) | (29,728) | 31,545 | 48,733 | 26,562 | 8,691 | |
Net assets | 492,948 | 517,660 | 533,255 | 552,519 | 577,903 | 582,000 | |
YoY (%) | 96.6 | 101.8 | 108.2 | 106.7 | 108.4 | 105.3 | |
YoY difference | (17,183) | 9,385 | 40,307 | 34,858 | 44,648 | 29,480 | |
Interest-bearing debt | 207,688 | 175,145 | 174,800 | 164,868 | 144,998 | *1 | 125,000 |
YoY (%) | 112.8 | 83.8 | 84.2 | 94.1 | 83.0 | 75.8 | |
YoY difference | 23,624 | (33,738) | (32,887) | (10,276) | (29,802) | (39,868) | |
Net financial revenue | 9 | (20) | 55 | 196 | 151 | 0 | |
YoY (%) | 4 | - | 599 | - | 274 | - | |
YoY difference | (198) | (208) | 46 | 216 | 96 | (196) | |
Operating return on assets (ROA) (%) | - | 0.5 | - | 2.5 | - | 3.9 | |
Percent change from | - | 2.2 | - | 2.0 | - | 1.4 | |
previous fiscal year | |||||||
Return on Equity (ROE) (%) | - | 2.5 | - | 6.1 | - | 6.6 | |
Percent change from | - | 10.4 | - | 3.6 | - | 0.5 | |
previous fiscal year | |||||||
Return on invested capital (ROIC) (%) * 2 | - | 0.6 | - | 2.9 | - | 4.7 | |
Percent change from | - | 2.6 | - | 2.3 | - | 1.8 | |
previous fiscal year | |||||||
Shareholder's equity ratio (%) | 42.1 | 43.8 | 44.4 | 44.9 | 47.0 | 46.9 | |
Percent change from | (1.0) | 1.9 | 2.2 | 1.1 | 2.6 | 2.0 | |
previous fiscal year | |||||||
Interest-bearing debt dependency (%) | 18.0 | 15.0 | 14.7 | 13.5 | 11.9 | 10.2 | |
Percent change from | 2.2 | (2.4) | (3.2) | (1.4) | (2.8) | (3.3) | |
previous fiscal year | |||||||
Consolidated debt equity ratio (DER) (times) | 0.43 | 0.34 | 0.33 | 0.30 | 0.25 | 0.22 | |
Preceding period | 0.06 | (0.07) | (0.09) | (0.04) | (0.08) | (0.08) | |
difference (rate) |
*1. Interest-bearing debt, including lease obligations, is 149,767,000,000 yen.
*2 Rate of return on invested capital (ROIC) = Consolidated operating income after deducting taxes/(Interest-bearing debt + Shareholder's equity)
-1-
(3) Consolidated Business Results of Consolidated Cash Flows
(Millions of yen) | ||||||
Fiscal 2021 | Fiscal 2022 | Fiscal 2023 | ||||
Second quarter | Full year | Second quarter | Full year | Second quarter | Full Year | |
(Forecast) | ||||||
Cash flows from operating activities | 4,881 | 37,914 | 23,073 | 66,301 | 10,163 | 52,000 |
YoY difference | 21,600 | 36,716 | 18,191 | 28,387 | (12,909) | (14,301) |
Cash flows from investing activities | (11,267) | (17,371) | (18,486) | (27,026) | (17,626) | (34,000) |
YoY difference | 6,670 | (12,633) | (7,219) | (9,655) | 860 | (6,973) |
Cash flows from financing activities | (4,567) | (39,927) | (3,289) | (16,198) | (23,741) | (50,000) |
YoY difference | (11,282) | (69,660) | 1,278 | 23,728 | (20,452) | (33,801) |
Cash and cash equivalents at end of period | 92,542 | 84,472 | 87,699 | 109,039 | 79,738 | 77,000 |
YoY difference | 44,384 | (18,324) | (4,842) | 24,566 | (7,961) | (32,039) |
(4) Others
(Millions of yen) | |||||||
Fiscal 2021 | Fiscal 2022 | Fiscal 2023 | |||||
Second quarter | Full year | Second quarter | Full year | Second quarter | Full Year | ||
(Forecast) | |||||||
Capital investment | 9,264 | 27,767 | 5,345 | 20,307 | 12,332 | 33,600 | |
YoY (%) | 62.6 | 94.2 | 57.7 | 73.1 | 230.7 | 165.5 | |
YoY difference | (5,540) | (1,716) | (3,918) | (7,460) | 6,987 | 13,292 | |
Number of employees (regular employees) | 9,957 | 9,691 | 9,942 | 9,745 | 9,634 | 9,560 | |
YoY (%) | 83.4 | 83.6 | 99.8 | 100.6 | 96.9 | 98.1 | |
YoY difference | (1,975) | (1,897) | (15) | 54 | (308) | (185) | |
Number of employees (temporary employees) | 7,796 | 7,566 | 8,104 | 7,803 | 7,607 | 7,520 | |
YoY (%) | 89.5 | 89.9 | 104.0 | 103.1 | 93.9 | 96.4 | |
YoY difference | (918) | (853) | 308 | 237 | (497) | (283) | |
Number of consolidated subsidiaries | 35 | 35 | 37 | 37 | 38 | 38 | |
(as of March 31) | YoY difference | (4) | (3) | 2 | 2 | 1 | 1 |
Number of equity-method affiliates | 9 | 8 | 7 | 7 | 7 | 7 | |
(as of March 31) | YoY difference | 0 | (1) | (2) | (1) | 0 | 0 |
Cash dividends per share (yen) | 5.00 | 10.00 | 6.00 | 14.00 | 12.00 | 24.00 | |
(Full year shows annual total dividends) | YoY difference (yen) | 2.00 | 1.00 | 1.00 | 4.00 | 6.00 | 10.00 |
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2. Consolidated Selling, General and Administrative Expenses
(Millions of yen) | ||||||
Fiscal 2021 | Fiscal 2022 | Fiscal 2023 | ||||
Second quarter | Full year | Second quarter | Full year | Second quarter | Full Year | |
(Forecast) | ||||||
Selling, general and administrative expenses | 115,751 | 237,745 | 122,996 | 256,943 | 127,689 | 266,000 |
YoY (%) | 101.6 | 95.7 | 106.3 | 108.1 | 103.8 | 103.5 |
YoY difference | 1,866 | (10,797) | 7,245 | 19,197 | 4,692 | 9,056 |
Advertising expenses | 3,848 | 8,322 | 4,046 | 8,760 | 4,810 | 9,900 |
YoY (%) | 91.5 | 80.7 | 105.1 | 105.3 | 118.9 | 113.0 |
YoY difference | (356) | (1,989) | 198 | 437 | 763 | 1,139 |
Point related expenses | 1,691 | 3,677 | 2,181 | 4,754 | 2,559 | 5,600 |
YoY (%) | 26.3 | 24.1 | 129.0 | 129.3 | 117.3 | 117.8 |
YoY difference | (4,737) | (11,612) | 489 | 1,077 | 377 | 845 |
Personnel expenses | 42,821 | 86,516 | 44,116 | 92,969 | 44,542 | 93,000 |
YoY (%) | 107.9 | 102.4 | 103.0 | 107.5 | 101.0 | 100.0 |
YoY difference | 3,135 | 2,027 | 1,295 | 6,452 | 425 | 30 |
Depreciation and amortization | 11,191 | 23,014 | 11,686 | 23,340 | 11,419 | 23,400 |
YoY (%) | 102.7 | 97.4 | 104.4 | 101.4 | 97.7 | 100.3 |
YoY difference | 296 | (614) | 494 | 325 | (266) | 59 |
Lease payments | 14,802 | 30,186 | 15,933 | 32,143 | 16,299 | 32,600 |
YoY (%) | 127.4 | 116.4 | 107.6 | 106.5 | 102.3 | 101.4 |
YoY difference | 3,182 | 4,247 | 1,130 | 1,957 | 366 | 456 |
Business consignment expenses | 13,910 | 28,477 | 14,235 | 28,985 | 14,604 | 29,300 |
YoY (%) | 103.0 | 95.0 | 102.3 | 101.8 | 102.6 | 101.1 |
YoY difference | 409 | (1,500) | 324 | 507 | 369 | 314 |
Others | 27,485 | 57,548 | 30,797 | 65,988 | 33,454 | 72,200 |
YoY (%) | 99.8 | 97.7 | 112.0 | 114.7 | 108.6 | 109.4 |
YoY difference | (61) | (1,354) | 3,311 | 8,440 | 2,657 | 6,211 |
SGA ratio (%) | 61.6 | 56.8 | 55.2 | 52.7 | 51.4 | 50.7 |
YoY difference (%) | 27.7 | 26.4 | (6.4) | (4.1) | (3.8) | (2.0) |
3. Consolidated Non-operating Income/Loss
(Millions of yen) | |||||||
Fiscal 2021 | Fiscal 2022 | Fiscal 2023 | |||||
Second quarter | Full year | Second quarter | Full year | Second quarter | Full Year | ||
(Forecast) | |||||||
Non-operating income | 2,748 | 8,370 | 2,493 | 4,536 | 4,816 | 8,000 | |
YoY difference | (1,125) | (7,434) | (255) | (3,833) | 2,323 | 3,463 | |
Interest and dividend income | 443 | 828 | 441 | 972 | 547 | 800 | |
YoY difference | (211) | (252) | (2) | 143 | 106 | (172) | |
Equity in earnings of affiliates | 283 | 2,326 | 1,278 | 1,801 | 3,606 | 6,300 | |
YoY difference | 283 | 323 | 995 | (524) | 2,327 | 4,498 | |
Income from unredeemed gift vouchers | - | - | - | - | - | - | |
YoY difference | - | (6,722) | - | - | - | - | |
Gain on donated fixed assets | 737 | 1,864 | 150 | 336 | 65 | 200 | |
YoY difference | (1,312) | (1,383) | (586) | (1,527) | (85) | (136) | |
Others | 1,284 | 3,350 | 622 | 1,425 | 596 | 700 | |
YoY difference | 113 | 600 | (661) | (1,924) | (25) | (725) | |
Non-operating expenses | 2,105 | 4,789 | 1,897 | 4,126 | 2,100 | 6,000 | |
YoY difference | (1,049) | (7,209) | (207) | (663) | 203 | 1,873 | |
Interest expenses | 434 | 849 | 385 | 776 | 396 | 800 | |
YoY difference | (12) | (44) | (48) | (73) | 10 | 23 | |
Equity in losses of affiliates | - | - | - | - | - | - | |
YoY difference | (19) | - | - | - | - | - | |
Loss on retirement of property and equipment | 556 | 1,605 | 498 | 1,218 | 780 | 2,500 | |
YoY difference | (442) | (151) | (58) | (387) | 282 | 1,281 | |
. | Provision of reserve for loss from redemption of gift vouchers | - | 215 | - | 252 | - | 600 |
YoY difference | - | (6,230) | - | 37 | - | 347 | |
Others | 1,113 | 2,119 | 1,013 | 1,878 | 924 | 2,100 | |
YoY difference | (575) | (783) | (100) | (240) | (89) | 221 |
-3-
4. Consolidated Extraordinary Gain/Loss
(Millions of yen)
Fiscal 2023 | Details | |
Second quarter | ||
Extraordinary loss | 382 | |
Impairment losses | 362 | Overseas stores |
Business structure improvement expenses | 20 | Takamatsu Mitsukoshi |
5. Consolidated Capital Investment
(Millions of yen) | ||||||
Fiscal 2021 | Fiscal 2022 | Fiscal 2023 | ||||
Second quarter | Full year | Second quarter | Full year | Second quarter | Full Year | |
(Forecast) | ||||||
Isetan Mitsukoshi Ltd. | 4,810 | 19,094 | 2,101 | 12,143 | 8,398 | 22,000 |
YoY (%) | 42.0 | 87.6 | 43.7 | 63.6 | 399.7 | 181.2 |
YoY difference | (6,635) | (2,707) | (2,708) | (6,950) | 6,297 | 9,856 |
MICARD Co., Ltd. | 1,445 | 3,027 | 1,279 | 2,515 | 1,264 | 4,700 |
YoY (%) | 267.4 | 212.4 | 88.6 | 83.1 | 98.8 | 186.8 |
YoY difference | 904 | 1,602 | (165) | (511) | (15) | 2,184 |
Isetan Mitsukoshi System Solutions Ltd. | 2,519 | 4,585 | 1,258 | 2,840 | 1,771 | 3,700 |
YoY (%) | 137.1 | 111.1 | 49.9 | 61.9 | 140.8 | 130.3 |
YoY difference | 681 | 457 | (1,261) | (1,745) | 513 | 859 |
Others | 503 | 1,142 | 719 | 2,882 | 991 | 3,300 |
YoY (%) | 49.1 | 52.4 | 142.8 | 252.3 | 137.8 | 114.5 |
YoY difference | (521) | (1,039) | 215 | 1,739 | 271 | 417 |
Elimination of intra-company transactions | (14) | (82) | (12) | (73) | (92) | (100) |
YoY (%) | - | - | - | - | - | - |
YoY difference | 29 | (28) | 1 | 8 | (79) | (26) |
Total | 9,264 | 27,767 | 5,345 | 20,307 | 12,332 | 33,600 |
YoY (%) | 62.6 | 94.2 | 57.7 | 73.1 | 230.7 | 165.5 |
YoY difference | (5,540) | (1,716) | (3,918) | (7,460) | 6,987 | 13,292 |
*Figures include investments made for intangible fixed assets.
-4-
6. Net Sales by Segment and Operating Income/Loss
(Millions of yen) | ||||||
Fiscal 2021 | Fiscal 2022 | Fiscal 2023 | ||||
Second quarter | Full year | Second quarter | Full year | Second quarter | Full Year | |
(Forecast) | ||||||
Department store business | ||||||
Gross sales | 374,543 | 861,719 | 463,314 | 1,017,569 | 521,569 | 1,115,000 |
YoY (%) | 122.7 | 114.6 | 123.7 | 118.1 | 112.6 | 109.6 |
YoY difference | 69,390 | 109,588 | 88,771 | 155,849 | 58,254 | 97,430 |
Net sales | 166,473 | 373,932 | 193,903 | 416,020 | 208,526 | 440,000 |
YoY (%) | 54.6 | 49.7 | 116.5 | 111.3 | 107.5 | 105.8 |
YoY difference | (138,679) | (378,198) | 27,429 | 42,087 | 14,623 | 23,979 |
Segment income (loss) | (12,636) | (6,339) | 5,133 | 20,432 | 16,786 | 39,000 |
YoY (%) | - | - | - | - | 327.0 | 190.9 |
YoY difference | 8,660 | 23,963 | 17,770 | 26,772 | 11,653 | 18,567 |
Credit & finance business/ Customer organization management business | ||||||
Gross sales | 15,815 | 32,948 | 16,248 | 33,556 | 17,180 | 36,000 |
YoY (%) | 105.0 | 101.2 | 102.7 | 101.8 | 105.7 | 107.3 |
YoY difference | 759 | 405 | 433 | 608 | 931 | 2,443 |
Net sales | 14,486 | 30,498 | 14,726 | 30,823 | 15,671 | 33,000 |
YoY (%) | 96.2 | 93.7 | 101.7 | 101.1 | 106.4 | 107.1 |
YoY difference | (569) | (2,044) | 240 | 325 | 944 | 2,176 |
Segment income (loss) | 2,606 | 6,070 | 1,721 | 3,791 | 1,411 | 3,800 |
YoY (%) | 202.8 | 136.4 | 66.0 | 62.5 | 82.0 | 100.2 |
YoY difference | 1,320 | 1,619 | (885) | (2,278) | (310) | 8 |
Real estate business | ||||||
Gross sales | 7,396 | 18,072 | 9,055 | 20,518 | 11,003 | 29,000 |
YoY (%) | 49.6 | 63.7 | 122.4 | 113.5 | 121.5 | 141.3 |
YoY difference | (7,501) | (10,294) | 1,659 | 2,445 | 1,948 | 8,481 |
Net sales | 7,396 | 18,072 | 9,055 | 20,518 | 11,003 | 29,000 |
YoY (%) | 49.6 | 63.7 | 122.4 | 113.5 | 121.5 | 141.3 |
YoY difference | (7,501) | (10,294) | 1,659 | 2,445 | 1,948 | 8,481 |
Segment income (loss) | 2,494 | 5,579 | 2,108 | 4,014 | 1,237 | 3,000 |
YoY (%) | 83.2 | 102.6 | 84.5 | 71.9 | 58.7 | 74.7 |
YoY difference | (503) | 139 | (385) | (1,565) | (870) | (1,014) |
Others | ||||||
Gross sales | 26,186 | 53,110 | 33,789 | 84,017 | 45,977 | 101,400 |
YoY (%) | 89.8 | 83.4 | 129.0 | 158.2 | 136.1 | 120.7 |
YoY difference | (2,958) | (10,546) | 7,603 | 30,907 | 12,188 | 17,382 |
Net sales | 24,520 | 49,571 | 31,912 | 77,728 | 42,480 | 93,000 |
YoY (%) | 84.1 | 77.9 | 130.1 | 156.8 | 133.1 | 119.6 |
YoY difference | (4,624) | (14,085) | 7,392 | 28,157 | 10,567 | 15,271 |
Segment income (loss) | (313) | 462 | (165) | 1,136 | 664 | 2,400 |
YoY (%) | - | - | - | 245.9 | - | 211.1 |
YoY difference | 410 | 1,081 | 147 | 674 | 830 | 1,263 |
Amount listed on consolidated financial statements* | ||||||
Gross sales | 398,997 | 912,114 | 495,684 | 1,088,465 | 561,433 | 1,200,000 |
YoY (%) | 118.9 | 111.8 | 124.2 | 119.3 | 113.3 | 110.2 |
YoY difference | 63,296 | 96,104 | 96,687 | 176,351 | 65,748 | 111,534 |
Net sales | 187,932 | 418,338 | 222,874 | 487,407 | 248,518 | 525,000 |
YoY (%) | 56.0 | 51.3 | 118.6 | 116.5 | 111.5 | 107.7 |
YoY difference | (147,768) | (397,671) | 34,941 | 69,068 | 25,644 | 37,592 |
Operating income (loss) | (7,758) | 5,940 | 8,946 | 29,606 | 20,190 | 48,000 |
YoY (%) | - | - | - | 498.4 | 225.7 | 162.1 |
YoY difference | 10,054 | 26,916 | 16,704 | 23,666 | 11,244 | 18,393 |
*Amount listed on consolidated financial statements includes adjusted amounts.
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7. Main Consolidated Companies
(1)Results for Second Quarter of the Fiscal Year Ending March 31, 2024
(Millions of yen) | ||||||
Voting Rights Held | Operating | Recurring | Quarterly net | |||
Percentage | Gross sales | Net sales | ||||
(Incl. indirect | income(loss) | income (loss) | income(loss) | |||
ownership) (%) | ||||||
Department store business | ||||||
Isetan Mitsukoshi Holdings Ltd. | - | 6,280 | 6,280 | 2,453 | 2,269 | 1,682 |
YoY difference | (7,504) | (7,504) | (7,377) | (7,491) | (6,646) | |
Isetan Mitsukoshi Ltd. *1 | 100.0 | 320,152 | 123,886 | 16,383 | 20,664 | 15,054 |
YoY difference | 45,850 | 11,849 | 8,234 | 9,186 | 5,731 | |
Sapporo Marui Mitsukoshi Ltd. | 100.0 | 27,562 | 9,060 | (335) | (356) | (105) |
YoY difference | 3,243 | 691 | 541 | 555 | 673 | |
Hakodate Marui Imai Ltd. | 100.0 | 2,810 | 1,096 | 27 | 26 | 15 |
YoY difference | 47 | (7) | 47 | 66 | 45 | |
Sendai Mitsukoshi Ltd. | 100.0 | 12,885 | 5,506 | (205) | (199) | (157) |
YoY difference | 277 | 105 | 14 | 19 | 29 | |
Nagoya Mitsukoshi Ltd. | 100.0 | 28,834 | 9,631 | (108) | (104) | (82) |
YoY difference | 2,299 | 706 | 470 | 457 | 398 | |
Shizuoka Isetan Ltd. | 100.0 | 7,145 | 2,980 | (38) | (37) | (25) |
YoY difference | (43) | (112) | 40 | 39 | 41 | |
Niigata Isetan Mitsukoshi Ltd. | 100.0 | 16,879 | 6,564 | 201 | 206 | 227 |
YoY difference | 366 | (326) | 111 | 82 | 136 | |
Hiroshima Mitsukoshi Ltd. | 100.0 | 5,394 | 1,878 | (321) | (335) | (264) |
YoY difference | (33) | (39) | 81 | 79 | 90 | |
Takamatsu Mitsukoshi Ltd. | 100.0 | 10,225 | 3,983 | 61 | 64 | 29 |
YoY difference | 306 | 60 | 79 | 69 | 33 | |
Matsuyama Mitsukoshi Ltd. | 100.0 | 2,299 | 1,073 | (237) | (264) | (207) |
YoY difference | (92) | (73) | 54 | 50 | 62 | |
Iwataya Mitsukoshi Ltd. | 100.0 | 56,123 | 18,010 | 2,050 | 2,044 | 1,371 |
YoY difference | 6,406 | 1,389 | 1,228 | 1,230 | 779 | |
Isetan (Singapore) Ltd. *2 | 52.7 | - | 3,988 | 137 | 202 | (72) |
YoY difference | - | 96 | (96) | (42) | (317) | |
Isetan of Japan Sdn. Bhd. | 100.0 | 6,995 | 3,723 | 169 | 167 | 167 |
YoY difference | 863 | 475 | 85 | 66 | 66 | |
Isetan (China) Holdings Ltd. | 100.0 | 4 | 4 | (9) | 22 | 22 |
YoY difference | (2) | (2) | 7 | 31 | 31 | |
Shanghai Mei Long Zhen Isetan | 80.0 | 2,888 | 1,576 | (218) | (220) | (220) |
YoY difference | 750 | 341 | (62) | (62) | 161 | |
Tianjin Isetan Co., Ltd. | 100.0 | 3,304 | 1,565 | (59) | (50) | (117) |
YoY difference | 221 | 81 | 7 | (4) | (1) | |
Tianjin Binhai New District Isetan Co., Ltd. | 100.0 | 860 | 783 | (7) | (12) | (33) |
YoY difference | 267 | 283 | (11) | (13) | (30) | |
Mitsukoshi (USA) Inc. | 100.0 | 4,483 | 4,483 | 510 | 544 | 385 |
YoY difference | 410 | 410 | (236) | (207) | (155) |
*1 Results for Isetan Mitsukoshi Ltd. include income/loss of the real estate segment. *2 Gross sales are not shown for Isetan (Singapore) Ltd. as it has adopted IFRS.
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Voting Rights Held
Percentage
(Incl. indirect ownership) (%)
(Millions of yen) | ||||
Gross sales | Net sales | Operating | Recurring | Quarterly net |
income(loss) | income (loss) | income(loss) | ||
Credit & finance business/ Customer organization management business | ||||||
MICARD Co., Ltd. | 100.0 | 15,900 | 15,619 | 1,579 | 1,585 | 1,141 |
YoY difference | 954 | 925 | (314) | (305) | (351) | |
MI TOMONOKAI Co., Ltd. | 100.0 | 1,589 | 1,589 | (71) | 59 | 39 |
YoY difference | (53) | (53) | 16 | (1) | (5) | |
Real estate business | ||||||
Isetan Mitsukoshi Property Design Ltd. | 100.0 | 7,897 | 7,897 | (132) | (127) | (85) |
YoY difference | 2,979 | 2,979 | 236 | 240 | 185 | |
Isetan Kaikan Ltd. | 100.0 | 359 | 359 | 6 | 2 | 1 |
YoY difference | 6 | 6 | 0 | (5) | (4) | |
Others | ||||||
Isetan Mitsukoshi System Solutions Ltd. | 100.0 | 6,498 | 6,498 | 326 | 316 | 208 |
YoY difference | 407 | 407 | 506 | 509 | 373 | |
Isetan Mitsukoshi Human Solutions Ltd. | 100.0 | 1,700 | 1,700 | 28 | 29 | 19 |
YoY difference | 194 | 194 | 12 | 15 | 9 | |
Isetan Mitsukoshi Business Support Ltd. | 100.0 | 10,959 | 10,959 | 188 | 192 | 126 |
YoY difference | (329) | (329) | 12 | 12 | (4) | |
Isetan Mitsukoshi Gift Solutions Ltd. | 100.0 | 2,267 | 564 | 244 | 263 | 175 |
YoY difference | (20) | 49 | (16) | (59) | (62) | |
Mitsukoshi Isetan Nikko Travel, Ltd. | 100.0 | 2,611 | 2,611 | 0 | 121 | 76 |
YoY difference | 1,233 | 1,233 | 278 | 333 | 257 | |
Lime Tree Cruises B. V. | - | - | - | (69) | (80) | (59) |
YoY difference | (76) | (76) | (11) | (12) | (19) | |
Lime Tree Shipping AG | - | 434 | 434 | 99 | 99 | 99 |
YoY difference | 395 | 395 | 123 | 123 | 123 | |
Century Trading Co., Ltd. | 100.0 | 1,033 | 1,033 | (55) | (52) | (35) |
YoY difference | (56) | (56) | (14) | (8) | (2) | |
Isetan Mitsukoshi (Italy) S.r.l. | 100.0 | 35 | 35 | (23) | (11) | (11) |
YoY difference | 35 | 35 | (23) | (10) | (10) | |
Studio Alta Co., Ltd. | 100.0 | 657 | 657 | 73 | 68 | 45 |
YoY difference | 311 | 311 | 57 | 46 | 29 | |
Isetan Mitsukoshi Innovations Ltd. | 100.0 | 0 | 0 | (11) | (6) | (5) |
YoY difference | (5) | (5) | (1) | (16) | (12) | |
IM Food Style Ltd. * 3 | 100.0 | 18,859 | 17,051 | 325 | 333 | 214 |
YoY difference | 9,691 | 7,987 | 201 | 209 | 129 | |
MITSUKOSHI FEDERAL RETAIL, INC. * 4 | 60.0 | 385 | 177 | (39) | (40) | (40) |
YoY difference | - | - | - | - | - |
*3 As IM Food Style Ltd. is included in the scope of consolidation with June 30, 2022 as the deemed acquisition date, the YoY difference is based on profit and loss from July to September of the previous year results.
*4 As MITSUKOSHI FEDERAL RETAIL, INC. will be included in the scope of consolidation from the fiscal year ending March 2024, the difference against the previous fiscal year is not shown.
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(2) Full-year Forecast for Fiscal Year Ending March 31, 2024
(Millions of yen) | |||||
Gross sales | Net sales | Operating | Recurring | Net | |
income(loss) | income (loss) | income(loss) | |||
Department store business | |||||
Isetan Mitsukoshi Holdings Ltd. | 10,828 | 10,828 | 2,533 | 2,279 | 2,281 |
YoY difference | (7,166) | (7,166) | (7,118) | (5,867) | (5,825) |
Isetan Mitsukoshi Ltd. *1 | 697,200 | 266,400 | 35,500 | 37,000 | 30,000 |
YoY difference | 86,120 | 22,223 | 13,573 | 12,583 | 3,508 |
Sapporo Marui Mitsukoshi Ltd. | 61,602 | 20,736 | 209 | 139 | 108 |
YoY difference | 6,706 | 2,198 | 1,204 | 1,213 | 1,097 |
Hakodate Marui Imai Ltd. | 6,050 | 2,370 | 66 | 66 | 47 |
YoY difference | 13 | (26) | 36 | 55 | 37 |
Sendai Mitsukoshi Ltd. | 27,564 | 11,672 | (5) | 4 | 17 |
YoY difference | 526 | 158 | 213 | 213 | 197 |
Nagoya Mitsukoshi Ltd. | 60,533 | 19,492 | 422 | 431 | 351 |
YoY difference | 2,881 | 367 | 694 | 682 | 502 |
Shizuoka Isetan Ltd. | 16,387 | 6,959 | 146 | 149 | 98 |
YoY difference | 224 | (67) | 104 | 104 | 26 |
Niigata Isetan Mitsukoshi Ltd. | 37,593 | 15,068 | 1,000 | 1,011 | 702 |
YoY difference | 1,983 | 382 | 394 | 369 | 292 |
Hiroshima Mitsukoshi Ltd. | 11,161 | 3,922 | (408) | (436) | (310) |
YoY difference | (219) | (97) | 245 | 242 | 217 |
Takamatsu Mitsukoshi Ltd. | 22,603 | 8,859 | 273 | 280 | 210 |
YoY difference | 962 | 330 | 64 | 56 | 11 |
Matsuyama Mitsukoshi Ltd. | 5,553 | 2,552 | (60) | (110) | (74) |
YoY difference | 350 | 118 | 412 | 408 | 312 |
Iwataya Mitsukoshi Ltd. | 118,322 | 37,691 | 3,638 | 3,640 | 2,433 |
YoY difference | 8,686 | 1,617 | 931 | 775 | 437 |
Isetan (Singapore) Ltd. *2 | - | - | - | - | - |
YoY difference | - | - | - | - | - |
Isetan of Japan Sdn. Bhd. | 13,523 | 7,189 | 254 | 184 | 184 |
YoY difference | 1,348 | 870 | 15 | (74) | 5 |
Isetan (China) Holdings Ltd. | 7 | 7 | (26) | 5 | 5 |
YoY difference | (4) | (4) | 2 | 30 | 30 |
Shanghai Mei Long Zhen Isetan | 5,809 | 3,514 | (540) | (573) | (573) |
YoY difference | 1,312 | 994 | (166) | (202) | 13 |
Tianjin Isetan Co., Ltd. | 6,525 | 2,899 | (163) | (198) | (265) |
YoY difference | 1,177 | 324 | 80 | 14 | 27 |
Tianjin Binhai New District Isetan Co., Ltd. | 1,685 | 1,524 | (52) | (57) | (77) |
YoY difference | 605 | 602 | (2) | 0 | (14) |
Mitsukoshi (USA) Inc. | 9,710 | 9,710 | 1,117 | 1,179 | 844 |
YoY difference | 1,891 | 1,891 | (105) | (66) | (97) |
*1 Results for Isetan Mitsukoshi Ltd. include income/loss of the real estate segment.
*2 Full-year forecast for Isetan (Singapore) Ltd., which is listed in Singapore, is not presented.
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(Millions of yen) | |||||
Gross sales | Net sales | Operating | Recurring | Net | |
income(loss) | income (loss) | income(loss) | |||
Credit & finance business/ Customer organization management business | |||||
MICARD Co., Ltd. | 32,866 | 32,585 | 4,110 | 4,091 | 2,822 |
YoY difference | 2,219 | 1,910 | 5 | 3 | 2 |
MI TOMONOKAI Co., Ltd. | 3,484 | 3,484 | (186) | 346 | 97 |
YoY difference | (88) | (88) | (49) | (81) | (183) |
Real estate business | |||||
Isetan Mitsukoshi Property Design Ltd. | 23,056 | 23,056 | 535 | 539 | 371 |
YoY difference | 9,784 | 9,784 | 404 | 411 | 366 |
Isetan Kaikan Ltd. | 714 | 714 | 1 | (1) | (2) |
YoY difference | 4 | 4 | (19) | (24) | (17) |
Others | |||||
Isetan Mitsukoshi System Solutions Ltd. | 13,448 | 13,448 | 658 | 628 | 431 |
YoY difference | 517 | 517 | 352 | 352 | 495 |
Isetan Mitsukoshi Human Solutions Ltd. | 3,881 | 3,881 | 117 | 118 | 77 |
YoY difference | 737 | 737 | 30 | 32 | 15 |
Isetan Mitsukoshi Business Support Ltd. | 23,576 | 23,576 | 300 | 307 | 197 |
YoY difference | 389 | 389 | 15 | 18 | 10 |
Isetan Mitsukoshi Gift Solutions Ltd. | 4,840 | 1,205 | 540 | 561 | 511 |
YoY difference | 19 | 50 | (10) | (110) | 43 |
Mitsukoshi Isetan Nikko Travel, Ltd. | 5,916 | 5,916 | 132 | 264 | 200 |
YoY difference | 2,353 | 2,353 | 419 | 444 | 339 |
Lime Tree Cruises B. V. | 142 | 142 | (30) | (51) | (11) |
YoY difference | 22 | 22 | 66 | 52 | 52 |
Lime Tree Shipping AG | 541 | 541 | (41) | (40) | (40) |
YoY difference | 390 | 390 | 7 | 7 | 7 |
Century Trading Co., Ltd. | 3,193 | 3,193 | 115 | 117 | 80 |
YoY difference | (100) | (100) | 68 | 73 | 40 |
Isetan Mitsukoshi (Italy) S.r.l. | 154 | 154 | (46) | (21) | (22) |
YoY difference | 154 | 154 | (44) | (18) | (19) |
Studio Alta Co., Ltd. | 1,809 | 1,809 | 277 | 267 | 220 |
YoY difference | 1,014 | 1,014 | 175 | 163 | 127 |
Isetan Mitsukoshi Innovations Ltd. | 0 | 0 | (32) | (26) | (21) |
YoY difference | (13) | (13) | (16) | (26) | (18) |
IM Food Style Ltd. * 3 | 40,763 | 36,753 | 1,272 | 1,286 | 963 |
YoY difference | 9,933 | 8,886 | 473 | 479 | 1,018 |
MITSUKOSHI FEDERAL RETAIL, INC. * 4 | 1,125 | 498 | (45) | (47) | (47) |
YoY difference | - | - | - | - | - |
*3 As IM Food Style Ltd. is included in the scope of consolidation with June 30, 2022 as the deemed acquisition date, the YoY difference is based on profit and loss from July to March of the previous year results.
*4 As MITSUKOSHI FEDERAL RETAIL, INC. will be included in the scope of consolidation from the fiscal year ending March 2024, the difference against the previous fiscal year is not shown.
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Isetan Mitsukoshi Holdings Ltd. published this content on 16 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2023 10:41:03 UTC.