Hankyu Hanshin Stores Show Promising Growth

H2O Retailing Corporation (JP:8242) has released an update.

H2O Retailing Corporation’s Hankyu Hanshin Department Stores have reported varying year-on-year sales figures, with some branches experiencing significant growth, such as the Hankyu Umeda main store at 135.7% and Hanshin Umeda main store at 150.0%. Overall, the performance appears positive across different periods, although the company notes these are preliminary estimates and final figures may vary. They have also adjusted their accounting practices to conform with the new revenue recognition standard.

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