Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

Equity Bottom-Up

<ul><li>Total operating revenue decreased by 1.3% YoY, with declines in several segments, but net income rose by 14.0%.</li><li>Domestic department store sales fell due to lower inbound demand, while overseas stores faced mixed revenue and profit results.</li><li>Finance and Contract and Design segments reported YoY growth in both operating revenue and profit, driven by strategic initiatives.</li></ul>

Total operating revenue decreased by 1.3% YoY, with declines in several segments, but net income rose by 14.0%.Domestic department store sales fell due to lower inbound demand, while overseas stores faced mixed revenue and profit results.Finance and Contract and Design segments reported YoY growth in both operating revenue and profit, driven by strategic initiatives.

Takashimaya (8233 JP): Q3 FY02/26 flash update

<ul><li>Total operating revenue decreased by 3.9% YoY to JPY487.2bn, with operating profit declining 17.8% YoY to JPY26.7bn.</li><li>Domestic department store sales fell due to a sharp drop in inbound demand, despite solid domestic customer sales.</li><li>Takashimaya Financial Partners Co., Ltd. saw a 12.0% YoY increase in operating revenue, driven by growth in transaction volume.</li></ul>

Total operating revenue decreased by 3.9% YoY to JPY487.2bn, with operating profit declining 17.8% YoY to JPY26.7bn.Domestic department store sales fell due to a sharp drop in inbound demand, despite solid domestic customer sales.Takashimaya Financial Partners Co., Ltd. saw a 12.0% YoY increase in operating revenue, driven by growth in transaction volume.

Takashimaya (8233 JP): 1H FY02/26 flash update

Expert on Japan Retail and Consumer Markets, JapanConsuming

Michael Causton

Expert on Japan Retail and Consumer Markets

Real Insight on Japanese Consumer Markets

JapanConsuming

JapanConsuming is a specialist research firm producing intelligence on Japanese retail and consumer markets. Founded in 2000, JapanConsuming has become the leading provider of insights on Japanese retailers and consumer trends to retailers, brands, government agencies and investors. As well as a highly regarded monthly report on the market, JapanConsuming produces in-depth reports on retail sectors, seminars on key trends and telephone consulting to investors on trends and retailers.

JapanConsuming was founded by Michael Causton and Roy Larke. 

Thematic (Sector/Industry)

<ul>
<li>Warning China not to invade Taiwan might sit well with voters but since November, Japan has lost just under ¥150 billion in sales from mainland Chinese tourists alone. </li>
<li>So far, the top department stores have proven resilient but since recent profit growth has been so dependent on duty-free sales, international tensions are a worry.</li>
<li>With luxury brands also warning about the impact of the US-Iran situation, the outlook may well be less rosy than some executives imagine.</li>
</ul>


Warning China not to invade Taiwan might sit well with voters but since November, Japan has lost just under ¥150 billion in sales from mainland Chinese tourists alone. 
So far, the top department stores have proven resilient but since recent profit growth has been so dependent on duty-free sales, international tensions are a worry.
With luxury brands also warning about the impact of the US-Iran situation, the outlook may well be less rosy than some executives imagine.


Profit Worries at Japanese Department Stores on Inbound Dependence

<ul>
<li>Record tourism in Japan is feeding the coffers of hotels, holiday lets and restaurants but retailers are benefiting less because Chinese make up a declining proportion. </li>
<li>This is a huge problem because Chinese spend more than double other nations on shopping despite spending fewer days there on holiday.</li>
<li>With the Chinese government recommending its citizens stay away from Japan, the outlook for duty-free shopping is not as rosy as it could be.</li>
</ul>


Record tourism in Japan is feeding the coffers of hotels, holiday lets and restaurants but retailers are benefiting less because Chinese make up a declining proportion. 
This is a huge problem because Chinese spend more than double other nations on shopping despite spending fewer days there on holiday.
With the Chinese government recommending its citizens stay away from Japan, the outlook for duty-free shopping is not as rosy as it could be.


Record Tourism Not Boosting Japanese Retailers as Chinese Stay Away

Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

<ul>
<li>Tension between China and Japan look set to rise further with talks failing to ease frictions.</li>
<li>Travel names remain vulnerable despite Govt. run tour groups having less clout than they used to.</li>
<li>Medtech may do better on defensive bid and Medtronic, but Sysmex continues to slide.</li>
</ul>


Tension between China and Japan look set to rise further with talks failing to ease frictions.
Travel names remain vulnerable despite Govt. run tour groups having less clout than they used to.
Medtech may do better on defensive bid and Medtronic, but Sysmex continues to slide.


Japan Morning Connection: More AI and Tech Pain Ahead of NVDA Tomorrow

Japan

Takashimaya Company, Limited., founded in Kyoto in 1831, operates department stores.  The Company's main stores are located in Tokyo, Osaka, and Kyoto. Takashimaya also operates department stores in Paris, France, Singapore, China, Australia, and New York, USA.  The Company retails clothing, foods, art objects, sundry goods, and household utensils.  The Company also operates restaurants.

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Takashimaya (8233 JP)