Takashimaya Expects Rebound Despite Q3 Profit Dip

Takashimaya Company (JP:8233) has released an update.

Takashimaya Company faced a downturn in Q3 profits primarily due to changes in accounting practices for sales, but expects a rebound in Q4 as sales are carried over. Despite challenges like fewer business days and inflation, the company anticipates achieving its full-year earnings forecast, buoyed by improved sales from inbound travelers and a recovery in high-profit margin items. Efforts to strengthen sales capabilities and control costs are expected to bear fruit, with a focus on sustainable growth and enhanced engagement.

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