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.

Takashimaya's (8233) full-year financial results - Achievement of revenue growth for the 6th consecutive year and sales and profit growth for the 4th consecutive year

◎Consolidated result points
・Mainline domestic department stores saw a favorable growth in high-priced goods and inbound demand
・Strength of major subsidiaries
・Consolidated results show revenue growth for the 6th consecutive year and sales and profit growth for the 4th consecutive year

◎Consolidated Results
・Operating revenue of 929.6 billion JPY which is a 1.9% increase from the previous year, operating income of 33 billion JPY which is a 3% increase from the previous year
・In addition to the strong operating revenue in the domestic department stores, the consolidated subsidiaries also expanded their sales and saw growth in revenue
・As for operating income and ordinary income, although the domestic department stores saw a decline in their profit due to decrease in product profitability, the operating income saw an increase, though not to the planned extent, due to improved earnings of the consolidated subsidiaries ・As for net income, in addition to the ordinary income, the extraordinary income from the selling of shares has increased profit thereby helping achieve the planned profit
・Achieved the operating income and operating revenue numerical targets as per the Takashimaya group's long-term plan announced in April, 2011 (second consecutive year)

◎Full-year plan for the year ending February 2017
・Operating revenue of 953 billion JPY which is a 2.5% increase from the previous year, operating income of 34 billion JPY which is a 3.1% increase from the previous year
・Domestic department stores plan to increase sales and profit by strong inbound demand and business policies
・Increase in SG&A expenses foreseen due to increase in the initial costs associated with new business start-ups
・Consolidated financial results to see profit growth for the 7th consecutive time

◎Takashimaya Group's long-term plan (FY 2016 => FY 2020)
▽Basic principle
・Primary focus on domestic department store business with the real estate and finance developing into second and third core businesses
・Well-balanced organization of the group profit in each business by strategic investment in growing businesses
・Aiming for the profitability, efficiency and safety of the group as a whole
▽Numerical targets
・Operating revenue of 1 trillion and 80 billion JPY, operating income of 55 billion JPY by FY 2020
・ROE of 8% or more, ROA of 5% or more, growth and strategic investments of 265 billion JPY, equity ratio of 46%