Takashimaya Company (8233) Q3 2026 earnings summary

Executive summary

• Cumulative revenue and operating profit declined year-over-year due to a recoil from last year's strong inbound traveler sales, but both revenue and profit increased in Q3 compared to the same quarter last year.

• Q3 business profit, ordinary profit, and net profit all rose, with segment performance generally in line with expectations.

• Operating revenue for the nine months ended November 30, 2025, was ¥353,821 million, down 2.2% year-over-year; operating profit fell 10.3% to ¥37,267 million, and business profit dropped 11.1% to ¥40,034 million.

• Ordinary profit decreased 14.1% to ¥35,949 million, but profit attributable to owners of parent rose 14.0% to ¥29,722 million year-over-year.

• Earnings per share increased to ¥99.00 from ¥83.37, reflecting a 2-for-1 stock split in September 2024.

Financial highlights

• Q3 cumulative total operating revenue: ¥744.2bn (down 1.3% YoY); Q3 alone: ¥257.0bn (up 3.8% YoY).

• Q3 cumulative operating profit: ¥37.3bn (down 4.3% YoY); Q3 alone: ¥13.6bn (up ¥0.9bn YoY).

• Q3 cumulative business profit: ¥40.0bn (down 5.0% YoY); Q3 alone: ¥14.9bn (up ¥1.4bn YoY).

• Q3 cumulative net profit attributable to owners: ¥29.7bn (up ¥3.6bn YoY).

• Net cash provided by operating activities was ¥43,731 million, down ¥7,956 million year-over-year; cash and cash equivalents at period-end were ¥77,935 million, down ¥10,623 million from the previous year-end.

Outlook and guidance

• Full-year forecasts for operating profit, business profit, and ordinary profit remain unchanged from October; net profit will be revised to reflect extraordinary loss from convertible bond purchase and cancellation.

• Adjusted net profit (excluding CB impact) is ¥40.0bn as initially planned.

• Year-end dividend maintained at ¥17 (annual ¥34); plan for share buybacks and progressive dividend policy.

• Full-year forecast for FY2026: operating revenue ¥1,015,000 million (down 1.7% YoY), operating profit ¥52,500 million (down 8.7%), profit attributable to owners of parent ¥40,000 million (up 1.2%), and EPS ¥133.94.

• No changes to previously announced earnings forecasts; impact of convertible bond purchase and cancellation to be disclosed once finalized.