Takashimaya Co., Ltd. (TSE: 8233), one of Japan's premier department-store operators with flagship stores in Nihonbashi (Tokyo), Osaka and Kyoto, plus overseas stores led by Singapore and a shopping-centre and real-estate development arm, posted a strong start to its fiscal year ending February 2027. For the first quarter (March 1–May 31, 2026) under Japanese GAAP, consolidated operating revenue rose 6.4% year-on-year to ¥119.69 billion, operating profit jumped 26.4% to ¥15.97 billion, ordinary profit climbed 43.3% to ¥16.49 billion and net profit attributable to owners surged 58.4% to ¥11.08 billion. EPS was ¥37.82, up from ¥23.06 a year earlier.
Broad-based gains across the group
The quarter showed strong, broad-based gains across the domestic department stores, the overseas stores and the developer and finance businesses. Resilient luxury spending by domestic customers and continued strength in inbound tourism underpinned the top line, while gross operating revenue — the group's all-in revenue measure — rose 8.4% to ¥261.39 billion. Business profit, which includes equity-method income and dividends, advanced 30.9% to ¥17.29 billion.
Profit grows faster down the income statement
Ordinary and net profit rose even faster than operating profit, helped by a larger contribution from equity-method affiliates. The balance sheet remained solid, with total assets of ¥1,360.72 billion, net assets of ¥483.06 billion and an equity ratio of 33.4%.
Dividend and full-year outlook
Takashimaya raised its FY2/2027 dividend forecast to ¥40.00 per share (¥20 interim plus ¥20 year-end), up from ¥34.00. For the full year, the group guides operating revenue of ¥503.0 billion (+2.2%), operating profit of ¥57.5 billion (+7.4%), business profit of ¥64.3 billion (+7.8%), ordinary profit of ¥57.0 billion (+0.2%) and net profit of ¥38.0 billion, for EPS of ¥129.68. The exceptionally strong first quarter leaves the group running ahead of the full-year pace; first-half net guidance of ¥15.3 billion is down 27.9%, partly on prior-year one-off gains, but the full-year target is set higher.
| Metric | Q1 FY2/27 | Q1 FY2/26 | YoY |
|---|---|---|---|
| Operating revenue (¥bn) | 119.69 | 112.46 | +6.4% |
| Operating profit (¥bn) | 15.97 | 12.64 | +26.4% |
| Ordinary profit (¥bn) | 16.49 | 11.51 | +43.3% |
| Net profit attrib. (¥bn) | 11.08 | 7.00 | +58.4% |
| EPS (¥) | 37.82 | 23.06 | +64.0% |
| Equity ratio | 33.4% | 33.4% | ±0.0pp |
| FY2/27 OP guidance (¥bn) | 57.50 | 53.55 | +7.4% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.