The interim financial results of Takashimaya (8233) for the year ending February 2016 show an achievement in sales and profit growth due to strong domestic and overseas market and reduction in selling, general and administrative expenses.
◎Points of consolidated performance
・Increase in profits with decrease in selling, general and administrative expenses, in addition to growth in revenue
・Steady growth of major subsidiaries
・Operating revenue, operating income, ordinary income and net income exceeded plan
◎Consolidated Results
・Operating revenue increased by 1.8% from last year to 449.8 billion yen and operating revenue raised to 13.8 billion yen with an increase of 13.1%
・Operating revenue exceeded the planned figure in sales as a result of strong overseas sales and impact of foreign exchange in addition to the domestic factors such as domestic stores' inbound demand and effect on wealth associated with high stocks, success in net product prices and promising orders in the summer shopping season for Takashimaya Space Create Company
・Operating income exceeded the planned profit by covering the profit decline which is associated with the decline in the profit margins of commodities in domestic departmental stores, by reduction in selling, general and administrative expenses and contribution of the major subsidiaries
◎Returns to shareholders
・Stable dividend payment is the basis of the shareholder return policy
・In view of the present status of the performance and management foundation, it has been decided that the interim dividend will increase by 1 yen (we have also planned to increase the year-end dividend by 1 yen)
◎Strengthening of efforts for market growth
・Plan to increase internet based sales to 12 billion yen (YOY +20%) in FY 2015 by implementing the Omni-channel strategy
・Plan for increase in tax-free sales to 30 billion yen (YOY +114%) for FY 2015 by intensifying the uptake of the inbound market
・New businesses and sales floor development aimed at opening up of the market ("Style Maison" October/ Ebina city, Kanagawa, "Kids patio" June/Hakata ward, Fukuoka city)
◎Full-year plan for the fiscal year ending February, 2016
・Operating revenue is planned to increase by 2.2% from last year to 933 billion yen and operating income is planned to increase to 34 billion yen which is a 6.2% increase from last year
・Plan to increase sales and profits at the domestic department stores under a wide variety of "Machi-dukuri" strategies
・General strong sustenance of group companies including overseas.
・Plans for consolidated sales and profit growth for the 4th consecutive year
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