On the 10th, Takashimaya announced its consolidated financial results for the second quarter (March-August) of the fiscal year ending February 2014 and a revision to its full-year earnings forecast. Consolidated operating revenue increased 3.7% year-on-year to 435,291 million yen, operating profit increased 10.2% to 11,156 million yen, and ordinary profit increased 14.9% to 13,492 million yen.
In addition, the company has revised its full-year earnings forecast upward, with operating revenue increasing from the previous forecast of 897 billion yen to 904 billion yen. Operating profit has been raised from 28 billion yen to 29 billion yen, and ordinary profit has been raised from 30 billion yen to 32.5 billion yen. The profit growth rate is expected to increase from 0.4% to 8.8%.
The reasons for this strong performance during the current period include increased sales of high-priced items such as jewelry due to the asset effect associated with rising stock prices, and the start of the summer clearance sale on June 28th, the peak of the mid-year gift sales season, which increased sales and customer traffic.
By store, sales increased 3.3% compared to the same quarter last year at the Nihonbashi store, which held an event to commemorate its 80th anniversary, 2.4% at the Yokohama store, which saw a strong performance from its women's goods after being renovated as part of a full-scale renovation, 3.2% at the Shinjuku store, which succeeded in attracting increased visitors due to the mutual use of the Tokyu Toyoko Line and Tokyo Metro Fukutoshin Line, and 3.9% at the Tamagawa store.
In addition, the company has revised its full-year earnings forecast upward, with operating revenue increasing from the previous forecast of 897 billion yen to 904 billion yen. Operating profit has been raised from 28 billion yen to 29 billion yen, and ordinary profit has been raised from 30 billion yen to 32.5 billion yen. The profit growth rate is expected to increase from 0.4% to 8.8%.
The reasons for this strong performance during the current period include increased sales of high-priced items such as jewelry due to the asset effect associated with rising stock prices, and the start of the summer clearance sale on June 28th, the peak of the mid-year gift sales season, which increased sales and customer traffic.
By store, sales increased 3.3% compared to the same quarter last year at the Nihonbashi store, which held an event to commemorate its 80th anniversary, 2.4% at the Yokohama store, which saw a strong performance from its women's goods after being renovated as part of a full-scale renovation, 3.2% at the Shinjuku store, which succeeded in attracting increased visitors due to the mutual use of the Tokyu Toyoko Line and Tokyo Metro Fukutoshin Line, and 3.9% at the Tamagawa store.
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