- Isetan Mitsukoshi’s third-quarter operating income was 25.06 billion yen, a 21% year-over-year increase, surpassing the estimate of 23.94 billion yen.
- For the first nine months, department store sales, including intersegment transactions, were 347.84 billion yen, an increase of 3.2% from the previous year.
- Credit, financial, and customer organization management sales reached 25.68 billion yen, up by 5.2% year-on-year.
- Real estate sales, including intersegment transactions, grew by 12% year-over-year, totaling 20.60 billion yen.
- The company maintains its year forecast for operating income at 72.00 billion yen, slightly below the 73.3 billion yen estimate.
- Net income forecast remains at 58.00 billion yen, against an estimate of 59.8 billion yen.
- Net sales are expected to be 556.00 billion yen, slightly above the estimated 554.62 billion yen.
- The projected dividend is set at 48.00 yen, close to the 48.29 yen estimate.
- Sales were bolstered by strong performances in Tokyo’s metropolitan area and regional stores in major cities like Fukuoka, Sapporo, and Nagoya.
- A successful campaign utilizing MI Points contributed to an increase in new digital members and identifiable customers.
- Operating income and ordinary income continue to surpass previous records since the company’s integration.
- The consolidated plan for the fiscal year ending March 2025 remains on track, supported by strategic implementations and a recovery in inbound tourism.
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Isetan Mitsukoshi Holdings Ltd on Smartkarma
Analyst coverage of Isetan Mitsukoshi Holdings Ltd on Smartkarma provided by Michael Causton showcases a bullish sentiment in the research report titled “Isetan Shinjuku to Hit ¥424 Billion.” The report highlights the shift from cautious to optimistic outlook for Isetan-Mitsukoshi, driven by record sales at main stores surpassing previous averages by four times. Notably, Isetan Shinjuku has emerged as a key contributor to this success, propelling the company to unprecedented profit levels. With projections indicating a substantial increase in profits, Isetan-Mitsukoshi’s performance is capturing the attention of investors and industry observers.
A look at Isetan Mitsukoshi Holdings Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
When looking at the long-term outlook for Isetan Mitsukoshi Holdings Ltd, the Smartkarma Smart Scores reveal a positive picture. With high scores in Growth and Momentum, the company seems poised for future success. Their emphasis on expansion and ability to capitalize on market trends bodes well for continued development and profitability. Additionally, a moderate score in Value indicates that the company is reasonably priced in relation to its intrinsic value, offering potential for investors.
As a holding company formed from the merger of Mitsukoshi and Isetan, Isetan Mitsukoshi Holdings Ltd operates a diverse range of department stores across the country. The company’s offerings span from clothing and household goods to cosmetics and general merchandise, showcasing a broad retail presence catering to various consumer needs. With solid scores across different factors, Isetan Mitsukoshi Holdings Ltd appears to have a robust foundation for sustained growth and market resilience in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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