Isetan Mitsukoshi : Business Results Second Quarter Fiscal Year Ended March 31, 2022 And Medium-Term Plan Explanation Meeting (PDF2174KB）
December 20, 2021 at 01:00 am EST
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Isetan Mitsukoshi Group
Business Results Second Quarter Fiscal Year
Ended March 31, 2022 And
Medium-Term Plan Explanation Meeting
Nov 10, 2021
Isetan Mitsukoshi Holdings Ltd.
Contents
Ⅰ . Results of ２Q FY2021
(Fiscal Year Ended March 31, 2022)
Ⅱ. Full Year Targets for FY2021
Ⅲ. Medium-Term Plan
Contents
Ⅰ . Results of ２Q FY2021
(Fiscal Year Ended March 31, 2022)
Ⅱ. Full Year Targets for FY2021
Ⅲ. Medium-Term Plan
Consolidated Financial Results (Adoption of Revenue Recognition Standards)
・Total sales increased significantly compared with the previous fiscal year, despite twice issuances of the declaration of states of emergency.
・Operating income improved by ¥10 billion year on year due to a recovery in sales and the implementation of cost structure reforms.(Substantially improved by approx. ¥20 billion due to ▲ of ¥9.7 billion YoY change in extraordinary losses for COVID-19)
・Quarterly net income improved by ¥28.6 billion .(previous year: reversal of deferred tax assets of ¥5.3 billion)
(Billions of yen)
Cumulative 2Q
YoY change
Change from
YoY
Difference
(Apr to Sep)
2020
difference
from 2019
Total Sales
3,989
118.9%
69.1%
+632
▲1,782
Net Sales
1,879
56.0%
32.6%
▲1,477
▲3,893
Gross Profit
1,079
112.4%
64.3%
+119
▲599
SG&A
1,157
101.6%
75.2%
+18
▲382
Operating Income
△77
-
-
+100
▲216
Recurring Income
△71
-
-
+99
▲221
Net Profit
△81
-
-
+286
▲157
1
Consolidated Financial Results (Adoption of Revenue Recognition Standards) by Quarter
2Q(July to September)
・Total sales will be affected by the COVID-19 5th wave, but will decrease only slightly from the previous year.
・Operating income improved by ¥7 billion despite the decrease in sales.(including about ¥2 billion, a delay from 1Q) ・Net income (3 months) has been profitable since fiscal year 2020 3Q.
1Q
2Q
YoY change
Cumulative
Difference
(Billions of yen)
YoY change
2Q
(Apr to Jun)
(Jul to Sep)
from 2020
(Apr to Sep)
1,963
+646
2,026
13
3,989
+632
Total Sales
▲
Net Sales
885
▲431
993
▲1,046
1,879
▲1,477
Gross Profit
501
+108
578
+10
1,079
+119
SG&A
561
+78
596
▲60
1,157
+18
Operating
△60
+29
△17
+70
△77
+100
Income
Recurring
△57
+41
△13
+58
△71
+99
Income
Net Profit
△86
+219
5
+67
△81
+286
2
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Disclaimer
Isetan Mitsukoshi Holdings Ltd. published this content on 20 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2021 05:59:08 UTC.
Isetan Mitsukoshi Holdings Ltd. specializes in department stores operating. Net sales break down by activity as follows:
- department stores operating (88.9%): distribution of clothes, household articles, food products, etc.;
- financial services (4.2%): primarily insurance and sale of credit cards;
- real estate management (3.9%);
- other (3%): specialized stores operating, logistics services, staff temporary placement, etc.
ISETAN MITSUKOSHI HOLDINGS LTD. 
