Isetan Mitsukoshi Holdings announced its consolidated financial results for the fiscal year ending March 2013 on the 10th.
Sales were down 0.3% from the previous fiscal year to 1,236,333 million yen, operating profit was up 11.8% to 26,639 million yen, ordinary profit was down 11.0% to 34,217 million yen, and net profit was down 57.1% to 25,292 million yen.
At Isetan Mitsukoshi alone, sales were down 1.5% from the previous fiscal year to 627,984 million yen, operating profit was up 7.5% to 17,843 million yen, ordinary profit was up 35.9% to 19,540 million yen, and net profit was down 22.3% to 20,310 million yen. The main reason for the decrease in sales this fiscal year is the absence of sales of 11.3 billion yen in the fiscal year ended March 2012, following the closure of the Shinjuku Mitsukoshi Alcot store.
Sales at the three core stores are expected to increase 0.8% to 236.841 billion yen at Isetan Shinjuku Main Store, which has been gradually remodeled since last summer and had its grand opening in March, down 1.2% to 163.181 billion yen at Mitsukoshi Nihombashi Main Store, and up 6.5% to 61.267 billion yen at Mitsukoshi Ginza Store.
For this fiscal year, consolidated sales are expected to be 1.28 trillion yen (up 3.5% from the previous fiscal year) and operating profit is expected to be 30 billion yen (up 12.6%), while Isetan Mitsukoshi on a standalone basis is expected to achieve sales of 64.941 billion yen (up 3.4%) and operating profit of 20 billion yen (up 12.1%). All three core stores are expected to see an increase in sales of 4% or more compared to the previous period.
Sales were down 0.3% from the previous fiscal year to 1,236,333 million yen, operating profit was up 11.8% to 26,639 million yen, ordinary profit was down 11.0% to 34,217 million yen, and net profit was down 57.1% to 25,292 million yen.
At Isetan Mitsukoshi alone, sales were down 1.5% from the previous fiscal year to 627,984 million yen, operating profit was up 7.5% to 17,843 million yen, ordinary profit was up 35.9% to 19,540 million yen, and net profit was down 22.3% to 20,310 million yen. The main reason for the decrease in sales this fiscal year is the absence of sales of 11.3 billion yen in the fiscal year ended March 2012, following the closure of the Shinjuku Mitsukoshi Alcot store.
Sales at the three core stores are expected to increase 0.8% to 236.841 billion yen at Isetan Shinjuku Main Store, which has been gradually remodeled since last summer and had its grand opening in March, down 1.2% to 163.181 billion yen at Mitsukoshi Nihombashi Main Store, and up 6.5% to 61.267 billion yen at Mitsukoshi Ginza Store.
For this fiscal year, consolidated sales are expected to be 1.28 trillion yen (up 3.5% from the previous fiscal year) and operating profit is expected to be 30 billion yen (up 12.6%), while Isetan Mitsukoshi on a standalone basis is expected to achieve sales of 64.941 billion yen (up 3.4%) and operating profit of 20 billion yen (up 12.1%). All three core stores are expected to see an increase in sales of 4% or more compared to the previous period.
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