Takashimaya announced its consolidated financial results for the fiscal year ending February 2013 on the 9th. Sales increased 1.4% year-on-year to ¥870.333 billion, operating profit increased 20.7% to ¥25.476 billion, and ordinary profit increased 22.6% to ¥29.866 billion. Net income increased 51.8% to ¥16.540 billion. Consolidated sales for the fiscal year ending February 2012 were down 1.3% to ¥858.1 billion, and operating profit increased 16.1% to ¥21.0 billion. In contrast, sales increased significantly in the current fiscal year, and operating profit also grew steadily. The main factors behind this increase were an improvement in consumer confidence after the Great East Japan Earthquake, and strong sales of high-end items and art pieces due to a notable recovery in corporate performance in the second half of the fiscal year.

In addition, proactive efforts by each store to "challenge revenue growth," such as the renovation and renewal of the upper floors at the Yokohama store, the joint promotional campaign implemented by the Osaka store involving commercial facilities in the Shinsaibashi area, and the renovation of the men's floor at the Kyoto store, also contributed to this fiscal year's strong results.

In the next fiscal year, Takashimaya plans to work on creating a shopping environment that blurs the line between online shopping and physical stores, expanding the offering of "Takashimaya brand" products, and creating buzz at large stores.

Consolidated full-year forecasts for the fiscal year ending February 2014 call for sales to increase 3.1% to ¥897 billion, operating profit to increase 9.9% to ¥28 billion, ordinary profit to increase 0.4% to ¥30 billion, and net profit to increase 1.0% to ¥16.7 billion.