Takashimaya : Interim Financial Results Supplemental Information Six Months Ended Aug. 31, 2021

October 14, 2021

Interim Financial Results Supplemental Information

Six Months Ended Aug. 31, 2021

Takashimaya Co., Ltd.

		contents
I. Consolidated basis	Page
1.	Financial highlights	1
2.	Subsidiaries	2
3.	Selling, general and administrative expenses	3
4.	Non-operating income and expenses	3
5.	Extraordinary income and losses	3
6.	Segment information	4
7.	Capital investments	4
II. Non-consolidated basis
1.	Financial highlights	5
2.	Capital investments	6
3.	Selling, general and administrative expenses	7
4.	Non-operating income and expenses	8
5.	Extraordinary income and losses	8
6.	Details about sales	9
	Sales by store	9
	Sales by business type	9
	Sales by merchandise	10

I. Consolidated basis

1. Financial highlights

(millions of yen, %)

		The first half results		The current fiscal year projections
		Amount	Year on year	Amount	Year on year
			(%)				(%)
1.	Operating revenue	347,189	16.8		49,836	764,000	12.2	83,100
2.	Net sales	315,080	17.3		46,521	697,420	12.3	76,534
3.	Gross profit	76,218	18.7		12,011	170,080	13.9	20,814
4.	Selling, general and administrative expenses	110,341	6.9		7,122	230,660	3.5	7,884
5.	Operating profit (loss)	(2,014)	－		8,203	6,000	－	19,496
6.	Ordinary profit (loss)	(559)	－		10,355	6,000	－	19,637
7.	Profit (Loss) attributable to owners of parent	(4,375)	－		18,908	2,300	－	36,270
8.	Total assets	1,123,981	(2.3)		(26,524)	1,134,000	(1.4)	(16,506)
9.	Total net assets	412,197	(0.7)		(2,913)	415,000	(0.0)	(111)
10.	Net cash provided by (used in) operating activities	3,837	(71.2)		(9,465)	6,000	(86.3)	(37,720)
11.	Net cash provided by (used in) investing activities	(19,017)	－		(6,134)	(33,000)	－	(5,965)
12.	Net cash provided by (used in) financing activities	(11,522)	－		(43,201)	(3,000)	－	(5,303)
13.	Depreciation (included in cost of sales,	15,782	0.6		91	32,522	4.4	1,379
SG&A expenses and extraordinary losses)
14.	Capital investments	17,396	51.6		5,924	44,244	62.6	17,039
15.	Interest-bearing debt	201,917	(2.5)		(5,237)	217,000	4.8	9,845
16.	Gross profit ratio	24.19	－		0.28	24.39	－	0.35
17.	Ratio of SG&A expenses to net sales	35.0	－		(3.4)	33.1	－	(2.8)
18.	Operating margin	(0.6)	－		3.2	0.9	－	3.1
19.	Ordinary profit / Net sales	(0.2)	－		3.9	0.9	－	3.1
20.	Ordinary profit / Total assets (ROA)	－	－		－	0.5	－	1.7
21.	Profit attributable to owners of parent / Equity	－	－		－	0.6	－	8.8
(ROE)
22.	Interest-bearing debt / Total assets	18.0	－		－	19.1	－	1.1
23.	Debt-to-equity ratio	0.52	－		(0.01)	0.55	－	0.02
24.	Equity ratio	34.8	－		0.5	34.7	－	0.4
25.	Number of employees	7,427	(1.6)		(123)	7,350	(2.6)	(200)
26.	Number of subsidiaries	27	－		(1)	27	－	(1)
27.	Number of equity method affiliates	5	－		1	6	－	2

1.The above items 8,9,15,22,23,24 and 25 are compared to the previous fiscal year-end.

－ 1 －

2. Subsidiaries

(millions of yen, %)

Subsidiaries	Segment	Owner-		The first half results		The current fiscal year projections
ship	Operating	Operating	Ordinary	Profit	Operating	Operating	Ordinary	Profit
			revenue	profit	profit	revenue	profit	profit
Okayama Takashimaya Co., Ltd.		100.0	7,471	(131)	(121)	(86)	17,045	137	142	163
Gifu Takashimaya Co., Ltd.		100.0	6,013	75	106	80	12,856	242	274	150
Takasaki Takashimaya Co., Ltd.		100.0	7,015	82	116	69	15,022	315	356	222
Takashimaya (Singapore) Ltd.		100.0	5,871	398	(633)	(555)	13,197	1,731	(414)	(367)
Shanghai Takashimaya Co.,Ltd.	Department store	100.0	1,520	177	354	354	3,127	377	228	228
Takashimaya Vietnam Ltd.	100.0	816	77	(96)	(115)	1,676	77	(89)	(108)
Siam Takashimaya (Thailand) Co.,Ltd.		51.0	653	(483)	(511)	(511)	1,714	(807)	(859)	(859)
Takashimaya Tomonokai Co.,Ltd.		100.0	1,913	(516)	69	43	4,330	(1,065)	96	23
R.T. Corporation Ltd.		100.0	4,192	(438)	40	24	8,800	(945)	(466)	(517)
A&S Takashimaya Duty Free Co., Ltd.		60.0	－	(0)	(25)	4,367	－	(0)	(25)	4,367
Toshin Development Co., Ltd.		100.0	19,875	2,203	11,943	10,883	41,608	4,462	14,158	12,281
Toshin Development Singapore PTE. LTD.		100.0	3,768	964	345	265	7,357	1,666	418	297
Fashion Plaza Sunroser Co.,Ltd.	Commercial	100.0	711	(46)	(42)	(36)	1,528	(62)	(58)	(155)
A&B Development CORP.	35.7	423	219	207	161	775	319	298	202
property
Gateway Vietnam Education Joint Stock	development	75.0	170	158	286	286	383	343	407	417
Company
Globaland Ltd.		60.0	－	(6)	14	14	－	(10)	28	28
Hanoi Residential and Commercial Centre -		60.0	398	131	128	129	756	136	115	88
HRCC Ltd.
SLUC Co.,Ltd.		100.0	－	(19)	(55)	(55)	26	(34)	(120)	(120)
Takashimaya Financial Partners Co., Ltd.	Finance	69.5	9,895	2,169	2,178	1,412	20,553	4,243	4,258	2,730
Takashimaya Space Create Co., Ltd.	Construction	100.0	9,367	(132)	(82)	(18)	19,927	－	69	69
& Design
Good Live Co., Ltd.		100.0	1,340	24	32	15	2,976	145	151	111
RTD Co., Ltd.		60.0	213	7	6	5	484	15	15	10
TAKASHIMAYA TRANSCOSMOS
INTERNATIONAL COMMERCE		51.0	303	(71)	(69)	(69)	829	(113)	(115)	(115)
PTE.LTD.
ATA CO., LTD.	Other	100.0	3,005	385	402	271	6,402	861	889	589
Century & Co., Ltd.		100.0	3,046	(17)	－	8	5,752	(264)	(242)	(234)
Takashimaya Facilities Co.,Ltd.		100.0	381	26	51	34	757	43	70	47
The Tamagawa Institute., Ltd.		100.0	136	(13)	(13)	(14)	296	(8)	(7)	(11)
Select Square Co., Ltd.		100.0	1,608	56	50	41	3,301	101	92	70

－ 2 －

3. Selling, general and administrative expenses

				(millions of yen, %)
		The first half results	The previous first half	Year on year
		results	(%)
1.Personnel expenses	36,103	35,494	1.7
2.Administrative expenses	640	697	(8.1)
3.Advertising expenses	10,294	8,497	21.1
4.General affairs expenses	48,544	44,922	8.1
	Distribution expenses	3,959	3,986	(0.7)
	Subcontracting costs	10,346	10,269	0.7
	Supplies expenses	1,316	1,230	7.0
	Heating and lighting expenses	4,335	4,294	1.0
	Commission expenses	3,344	2,355	42.0
	Repair costs	2,211	2,625	(15.8)
	Depreciation	15,349	12,514	22.7
	Other	7,681	7,644	0.5
5.Accounting related expenses	14,758	13,607	8.5
	Rent expenses on land and buildings	10,935	9,275	17.9
	Other	3,822	4,332	(11.8)
	Total	110,341	103,219	6.9

4. Non-operating income and expenses

				(millions of yen, %)
		The first half results	The previous first half	Year on year
		results	(%)
Non-operating income	3,918	2,322	68.7
	Interest income and Dividend income	566	1,306	(56.7)
	Miscellaneous income	3,351	1,015	230.1
Non-operating expenses	2,463	3,019	(18.4)
	Interest expenses	2,280	2,389	(4.5)
	Miscellaneous loss	182	629	(71.0)

5. Extraordinary income and losses

		(millions of yen)
		The first half results
Extraordinary income	991
	Gain on sales of investment securities	136
	Gain on forgiveness of debts	313
	Subsidy income	534
	Gain on forgiveness of lease obligations	7
Extraordinary losses	2,878
	Loss on retirement of non-current assets	810
	Impairment loss	13
	Loss related to COVID-19	2,044
	Other	9

－ 3 －