Explanatory Materials for Settlement of Consolidated Accounts for the Second Quarter of Fiscal Year Ending March 31, 2024

Table of Contents

I. Isetan Mitsukoshi Holdings Consolidated Results

1.

Outline of Consolidated Business Results

P.1

2.

Consolidated Selling, General and

P.3

Administrative Expenses

P.3

3.

Consolidated Non-operating Income/Loss

P.3

4.

Consolidated Extraordinary Gain/Loss

P.4

5.

Consolidated Capital Investment

P.4

6.

Net Sales by Segment and Operating Income/Loss

P.5

7.

Main Consolidated Companies

P.6

II. Isetan Mitsukoshi Ltd. Non-consolidated Business Results

1.

Outline of Non-consolidated Business Results

P.10

2.

Net Sales

P.12

*"Gross sales" in these materials is net sales if the Accounting Standard for Revenue Recognition, etc. had not been applied.

*The figures for the second quarter of the fiscal year ending March 2023 reflect the significant revision of the initial allocation of acquisition costs due to the finalization of provisional accounting treatment for business combinations.

November 10, 2023

Isetan Mitsukoshi Holdings Ltd.

I. Isetan Mitsukoshi Holdings Consolidated Results

1. Outline of Consolidated Business Results

(1) Consolidated Business Results

(Millions of yen)

Fiscal 2021

Fiscal 2022

Fiscal 2023

Second

Full year

Second

Full year

Second

Full Year

quarter

quarter

quarter

(Forecast)

Gross sales

398,997

912,114

495,684

1,088,465

561,433

1,200,000

YoY (%)

118.9

111.8

124.2

119.3

113.3

110.2

YoY difference

63,296

96,104

96,687

176,351

65,748

111,534

Net sales

187,932

418,338

222,874

487,407

248,518

525,000

YoY (%)

56.0

51.3

118.6

116.5

111.5

107.7

YoY difference

(147,768)

(397,671)

34,941

69,068

25,644

37,592

Gross profit

107,993

243,685

131,942

286,550

147,880

314,000

YoY (%)

112.4

107.1

122.2

117.6

112.1

109.6

YoY difference

11,921

16,119

23,949

42,864

15,937

27,449

Operating income

(7,758)

5,940

8,946

29,606

20,190

48,000

YoY (%)

-

-

-

498.4

225.7

162.1

YoY difference

10,054

26,916

16,704

23,666

11,244

18,393

Recurring income (loss)

(7,114)

9,520

9,542

30,017

22,907

50,000

YoY (%)

-

-

-

315.3

240.1

166.6

YoY difference

9,977

26,692

16,657

20,496

13,364

19,982

Net income attributable to parent company

(8,136)

12,338

7,771

32,377

14,865

37,000

shareholders

YoY (%)

-

-

-

262.4

191.3

114.3

YoY difference

28,649

53,417

15,908

20,039

7,094

4,622

Net income per share (yen)

(21.35)

32.36

20.37

84.82

38.92

96.87

YoY Difference

75.39

140.31

41.71

52.47

18.55

12.04

Gross profit margin (%)

57.46

58.25

59.20

58.79

59.50

59.81

Percent change from

28.85

30.36

1.74

0.54

0.30

1.02

previous fiscal year

Operating profit margin (%)

(4.1)

1.4

4.0

6.1

8.1

9.1

Percent change from

1.2

4.0

8.1

4.7

4.1

3.1

previous fiscal year

Recurring profit margin (%)

(3.8)

2.3

4.3

6.2

9.2

9.5

Percent change from

1.3

4.4

8.1

3.9

4.9

3.4

previous fiscal year

Return on sales (%)

(4.3)

2.9

3.5

6.6

6.0

7.0

Percent change from

6.6

8.0

7.8

3.7

2.5

0.4

previous fiscal year

(2) Consolidated Financial Positions

(Millions of yen)

Fiscal 2021

Fiscal 2022

Fiscal 2023

Second

Full year

Second

Full year

Second

Full Year

quarter

quarter

quarter

(Forecast)

Total assets

1,155,661

1,168,574

1,187,206

1,217,308

1,213,769

1,226,000

YoY (%)

99.1

97.5

102.7

104.2

102.2

100.7

YoY difference

(10,729)

(29,728)

31,545

48,733

26,562

8,691

Net assets

492,948

517,660

533,255

552,519

577,903

582,000

YoY (%)

96.6

101.8

108.2

106.7

108.4

105.3

YoY difference

(17,183)

9,385

40,307

34,858

44,648

29,480

Interest-bearing debt

207,688

175,145

174,800

164,868

144,998

*1

125,000

YoY (%)

112.8

83.8

84.2

94.1

83.0

75.8

YoY difference

23,624

(33,738)

(32,887)

(10,276)

(29,802)

(39,868)

Net financial revenue

9

(20)

55

196

151

0

YoY (%)

4

-

599

-

274

-

YoY difference

(198)

(208)

46

216

96

(196)

Operating return on assets (ROA) (%)

-

0.5

-

2.5

-

3.9

Percent change from

-

2.2

-

2.0

-

1.4

previous fiscal year

Return on Equity (ROE) (%)

-

2.5

-

6.1

-

6.6

Percent change from

-

10.4

-

3.6

-

0.5

previous fiscal year

Return on invested capital (ROIC) (%) * 2

-

0.6

-

2.9

-

4.7

Percent change from

-

2.6

-

2.3

-

1.8

previous fiscal year

Shareholder's equity ratio (%)

42.1

43.8

44.4

44.9

47.0

46.9

Percent change from

(1.0)

1.9

2.2

1.1

2.6

2.0

previous fiscal year

Interest-bearing debt dependency (%)

18.0

15.0

14.7

13.5

11.9

10.2

Percent change from

2.2

(2.4)

(3.2)

(1.4)

(2.8)

(3.3)

previous fiscal year

Consolidated debt equity ratio (DER) (times)

0.43

0.34

0.33

0.30

0.25

0.22

Preceding period

0.06

(0.07)

(0.09)

(0.04)

(0.08)

(0.08)

difference (rate)

*1. Interest-bearing debt, including lease obligations, is 149,767,000,000 yen.

*2 Rate of return on invested capital (ROIC) = Consolidated operating income after deducting taxes/(Interest-bearing debt + Shareholder's equity)

-1-

(3) Consolidated Business Results of Consolidated Cash Flows

(Millions of yen)

Fiscal 2021

Fiscal 2022

Fiscal 2023

Second quarter

Full year

Second quarter

Full year

Second quarter

Full Year

(Forecast)

Cash flows from operating activities

4,881

37,914

23,073

66,301

10,163

52,000

YoY difference

21,600

36,716

18,191

28,387

(12,909)

(14,301)

Cash flows from investing activities

(11,267)

(17,371)

(18,486)

(27,026)

(17,626)

(34,000)

YoY difference

6,670

(12,633)

(7,219)

(9,655)

860

(6,973)

Cash flows from financing activities

(4,567)

(39,927)

(3,289)

(16,198)

(23,741)

(50,000)

YoY difference

(11,282)

(69,660)

1,278

23,728

(20,452)

(33,801)

Cash and cash equivalents at end of period

92,542

84,472

87,699

109,039

79,738

77,000

YoY difference

44,384

(18,324)

(4,842)

24,566

(7,961)

(32,039)

(4) Others

(Millions of yen)

Fiscal 2021

Fiscal 2022

Fiscal 2023

Second quarter

Full year

Second quarter

Full year

Second quarter

Full Year

(Forecast)

Capital investment

9,264

27,767

5,345

20,307

12,332

33,600

YoY (%)

62.6

94.2

57.7

73.1

230.7

165.5

YoY difference

(5,540)

(1,716)

(3,918)

(7,460)

6,987

13,292

Number of employees (regular employees)

9,957

9,691

9,942

9,745

9,634

9,560

YoY (%)

83.4

83.6

99.8

100.6

96.9

98.1

YoY difference

(1,975)

(1,897)

(15)

54

(308)

(185)

Number of employees (temporary employees)

7,796

7,566

8,104

7,803

7,607

7,520

YoY (%)

89.5

89.9

104.0

103.1

93.9

96.4

YoY difference

(918)

(853)

308

237

(497)

(283)

Number of consolidated subsidiaries

35

35

37

37

38

38

(as of March 31)

YoY difference

(4)

(3)

2

2

1

1

Number of equity-method affiliates

9

8

7

7

7

7

(as of March 31)

YoY difference

0

(1)

(2)

(1)

0

0

Cash dividends per share (yen)

5.00

10.00

6.00

14.00

12.00

24.00

(Full year shows annual total dividends)

YoY difference (yen)

2.00

1.00

1.00

4.00

6.00

10.00

-2-

2. Consolidated Selling, General and Administrative Expenses

(Millions of yen)

Fiscal 2021

Fiscal 2022

Fiscal 2023

Second quarter

Full year

Second quarter

Full year

Second quarter

Full Year

(Forecast)

Selling, general and administrative expenses

115,751

237,745

122,996

256,943

127,689

266,000

YoY (%)

101.6

95.7

106.3

108.1

103.8

103.5

YoY difference

1,866

(10,797)

7,245

19,197

4,692

9,056

Advertising expenses

3,848

8,322

4,046

8,760

4,810

9,900

YoY (%)

91.5

80.7

105.1

105.3

118.9

113.0

YoY difference

(356)

(1,989)

198

437

763

1,139

Point related expenses

1,691

3,677

2,181

4,754

2,559

5,600

YoY (%)

26.3

24.1

129.0

129.3

117.3

117.8

YoY difference

(4,737)

(11,612)

489

1,077

377

845

Personnel expenses

42,821

86,516

44,116

92,969

44,542

93,000

YoY (%)

107.9

102.4

103.0

107.5

101.0

100.0

YoY difference

3,135

2,027

1,295

6,452

425

30

Depreciation and amortization

11,191

23,014

11,686

23,340

11,419

23,400

YoY (%)

102.7

97.4

104.4

101.4

97.7

100.3

YoY difference

296

(614)

494

325

(266)

59

Lease payments

14,802

30,186

15,933

32,143

16,299

32,600

YoY (%)

127.4

116.4

107.6

106.5

102.3

101.4

YoY difference

3,182

4,247

1,130

1,957

366

456

Business consignment expenses

13,910

28,477

14,235

28,985

14,604

29,300

YoY (%)

103.0

95.0

102.3

101.8

102.6

101.1

YoY difference

409

(1,500)

324

507

369

314

Others

27,485

57,548

30,797

65,988

33,454

72,200

YoY (%)

99.8

97.7

112.0

114.7

108.6

109.4

YoY difference

(61)

(1,354)

3,311

8,440

2,657

6,211

SGA ratio (%)

61.6

56.8

55.2

52.7

51.4

50.7

YoY difference (%)

27.7

26.4

(6.4)

(4.1)

(3.8)

(2.0)

3. Consolidated Non-operating Income/Loss

(Millions of yen)

Fiscal 2021

Fiscal 2022

Fiscal 2023

Second quarter

Full year

Second quarter

Full year

Second quarter

Full Year

(Forecast)

Non-operating income

2,748

8,370

2,493

4,536

4,816

8,000

YoY difference

(1,125)

(7,434)

(255)

(3,833)

2,323

3,463

Interest and dividend income

443

828

441

972

547

800

YoY difference

(211)

(252)

(2)

143

106

(172)

Equity in earnings of affiliates

283

2,326

1,278

1,801

3,606

6,300

YoY difference

283

323

995

(524)

2,327

4,498

Income from unredeemed gift vouchers

-

-

-

-

-

-

YoY difference

-

(6,722)

-

-

-

-

Gain on donated fixed assets

737

1,864

150

336

65

200

YoY difference

(1,312)

(1,383)

(586)

(1,527)

(85)

(136)

Others

1,284

3,350

622

1,425

596

700

YoY difference

113

600

(661)

(1,924)

(25)

(725)

Non-operating expenses

2,105

4,789

1,897

4,126

2,100

6,000

YoY difference

(1,049)

(7,209)

(207)

(663)

203

1,873

Interest expenses

434

849

385

776

396

800

YoY difference

(12)

(44)

(48)

(73)

10

23

Equity in losses of affiliates

-

-

-

-

-

-

YoY difference

(19)

-

-

-

-

-

Loss on retirement of property and equipment

556

1,605

498

1,218

780

2,500

YoY difference

(442)

(151)

(58)

(387)

282

1,281

.

Provision of reserve for loss from redemption of gift vouchers

-

215

-

252

-

600

YoY difference

-

(6,230)

-

37

-

347

Others

1,113

2,119

1,013

1,878

924

2,100

YoY difference

(575)

(783)

(100)

(240)

(89)

221

-3-

4. Consolidated Extraordinary Gain/Loss

(Millions of yen)

Fiscal 2023

Details

Second quarter

Extraordinary loss

382

Impairment losses

362

Overseas stores

Business structure improvement expenses

20

Takamatsu Mitsukoshi

5. Consolidated Capital Investment

(Millions of yen)

Fiscal 2021

Fiscal 2022

Fiscal 2023

Second quarter

Full year

Second quarter

Full year

Second quarter

Full Year

(Forecast)

Isetan Mitsukoshi Ltd.

4,810

19,094

2,101

12,143

8,398

22,000

YoY (%)

42.0

87.6

43.7

63.6

399.7

181.2

YoY difference

(6,635)

(2,707)

(2,708)

(6,950)

6,297

9,856

MICARD Co., Ltd.

1,445

3,027

1,279

2,515

1,264

4,700

YoY (%)

267.4

212.4

88.6

83.1

98.8

186.8

YoY difference

904

1,602

(165)

(511)

(15)

2,184

Isetan Mitsukoshi System Solutions Ltd.

2,519

4,585

1,258

2,840

1,771

3,700

YoY (%)

137.1

111.1

49.9

61.9

140.8

130.3

YoY difference

681

457

(1,261)

(1,745)

513

859

Others

503

1,142

719

2,882

991

3,300

YoY (%)

49.1

52.4

142.8

252.3

137.8

114.5

YoY difference

(521)

(1,039)

215

1,739

271

417

Elimination of intra-company transactions

(14)

(82)

(12)

(73)

(92)

(100)

YoY (%)

-

-

-

-

-

-

YoY difference

29

(28)

1

8

(79)

(26)

Total

9,264

27,767

5,345

20,307

12,332

33,600

YoY (%)

62.6

94.2

57.7

73.1

230.7

165.5

YoY difference

(5,540)

(1,716)

(3,918)

(7,460)

6,987

13,292

*Figures include investments made for intangible fixed assets.

-4-

6. Net Sales by Segment and Operating Income/Loss

(Millions of yen)

Fiscal 2021

Fiscal 2022

Fiscal 2023

Second quarter

Full year

Second quarter

Full year

Second quarter

Full Year

(Forecast)

Department store business

Gross sales

374,543

861,719

463,314

1,017,569

521,569

1,115,000

YoY (%)

122.7

114.6

123.7

118.1

112.6

109.6

YoY difference

69,390

109,588

88,771

155,849

58,254

97,430

Net sales

166,473

373,932

193,903

416,020

208,526

440,000

YoY (%)

54.6

49.7

116.5

111.3

107.5

105.8

YoY difference

(138,679)

(378,198)

27,429

42,087

14,623

23,979

Segment income (loss)

(12,636)

(6,339)

5,133

20,432

16,786

39,000

YoY (%)

-

-

-

-

327.0

190.9

YoY difference

8,660

23,963

17,770

26,772

11,653

18,567

Credit & finance business/ Customer organization management business

Gross sales

15,815

32,948

16,248

33,556

17,180

36,000

YoY (%)

105.0

101.2

102.7

101.8

105.7

107.3

YoY difference

759

405

433

608

931

2,443

Net sales

14,486

30,498

14,726

30,823

15,671

33,000

YoY (%)

96.2

93.7

101.7

101.1

106.4

107.1

YoY difference

(569)

(2,044)

240

325

944

2,176

Segment income (loss)

2,606

6,070

1,721

3,791

1,411

3,800

YoY (%)

202.8

136.4

66.0

62.5

82.0

100.2

YoY difference

1,320

1,619

(885)

(2,278)

(310)

8

Real estate business

Gross sales

7,396

18,072

9,055

20,518

11,003

29,000

YoY (%)

49.6

63.7

122.4

113.5

121.5

141.3

YoY difference

(7,501)

(10,294)

1,659

2,445

1,948

8,481

Net sales

7,396

18,072

9,055

20,518

11,003

29,000

YoY (%)

49.6

63.7

122.4

113.5

121.5

141.3

YoY difference

(7,501)

(10,294)

1,659

2,445

1,948

8,481

Segment income (loss)

2,494

5,579

2,108

4,014

1,237

3,000

YoY (%)

83.2

102.6

84.5

71.9

58.7

74.7

YoY difference

(503)

139

(385)

(1,565)

(870)

(1,014)

Others

Gross sales

26,186

53,110

33,789

84,017

45,977

101,400

YoY (%)

89.8

83.4

129.0

158.2

136.1

120.7

YoY difference

(2,958)

(10,546)

7,603

30,907

12,188

17,382

Net sales

24,520

49,571

31,912

77,728

42,480

93,000

YoY (%)

84.1

77.9

130.1

156.8

133.1

119.6

YoY difference

(4,624)

(14,085)

7,392

28,157

10,567

15,271

Segment income (loss)

(313)

462

(165)

1,136

664

2,400

YoY (%)

-

-

-

245.9

-

211.1

YoY difference

410

1,081

147

674

830

1,263

Amount listed on consolidated financial statements*

Gross sales

398,997

912,114

495,684

1,088,465

561,433

1,200,000

YoY (%)

118.9

111.8

124.2

119.3

113.3

110.2

YoY difference

63,296

96,104

96,687

176,351

65,748

111,534

Net sales

187,932

418,338

222,874

487,407

248,518

525,000

YoY (%)

56.0

51.3

118.6

116.5

111.5

107.7

YoY difference

(147,768)

(397,671)

34,941

69,068

25,644

37,592

Operating income (loss)

(7,758)

5,940

8,946

29,606

20,190

48,000

YoY (%)

-

-

-

498.4

225.7

162.1

YoY difference

10,054

26,916

16,704

23,666

11,244

18,393

*Amount listed on consolidated financial statements includes adjusted amounts.

-5-

7. Main Consolidated Companies

(1)Results for Second Quarter of the Fiscal Year Ending March 31, 2024

(Millions of yen)

Voting Rights Held

Operating

Recurring

Quarterly net

Percentage

Gross sales

Net sales

(Incl. indirect

income(loss)

income (loss)

income(loss)

ownership) (%)

Department store business

Isetan Mitsukoshi Holdings Ltd.

-

6,280

6,280

2,453

2,269

1,682

YoY difference

(7,504)

(7,504)

(7,377)

(7,491)

(6,646)

Isetan Mitsukoshi Ltd. *1

100.0

320,152

123,886

16,383

20,664

15,054

YoY difference

45,850

11,849

8,234

9,186

5,731

Sapporo Marui Mitsukoshi Ltd.

100.0

27,562

9,060

(335)

(356)

(105)

YoY difference

3,243

691

541

555

673

Hakodate Marui Imai Ltd.

100.0

2,810

1,096

27

26

15

YoY difference

47

(7)

47

66

45

Sendai Mitsukoshi Ltd.

100.0

12,885

5,506

(205)

(199)

(157)

YoY difference

277

105

14

19

29

Nagoya Mitsukoshi Ltd.

100.0

28,834

9,631

(108)

(104)

(82)

YoY difference

2,299

706

470

457

398

Shizuoka Isetan Ltd.

100.0

7,145

2,980

(38)

(37)

(25)

YoY difference

(43)

(112)

40

39

41

Niigata Isetan Mitsukoshi Ltd.

100.0

16,879

6,564

201

206

227

YoY difference

366

(326)

111

82

136

Hiroshima Mitsukoshi Ltd.

100.0

5,394

1,878

(321)

(335)

(264)

YoY difference

(33)

(39)

81

79

90

Takamatsu Mitsukoshi Ltd.

100.0

10,225

3,983

61

64

29

YoY difference

306

60

79

69

33

Matsuyama Mitsukoshi Ltd.

100.0

2,299

1,073

(237)

(264)

(207)

YoY difference

(92)

(73)

54

50

62

Iwataya Mitsukoshi Ltd.

100.0

56,123

18,010

2,050

2,044

1,371

YoY difference

6,406

1,389

1,228

1,230

779

Isetan (Singapore) Ltd. *2

52.7

-

3,988

137

202

(72)

YoY difference

-

96

(96)

(42)

(317)

Isetan of Japan Sdn. Bhd.

100.0

6,995

3,723

169

167

167

YoY difference

863

475

85

66

66

Isetan (China) Holdings Ltd.

100.0

4

4

(9)

22

22

YoY difference

(2)

(2)

7

31

31

Shanghai Mei Long Zhen Isetan

80.0

2,888

1,576

(218)

(220)

(220)

YoY difference

750

341

(62)

(62)

161

Tianjin Isetan Co., Ltd.

100.0

3,304

1,565

(59)

(50)

(117)

YoY difference

221

81

7

(4)

(1)

Tianjin Binhai New District Isetan Co., Ltd.

100.0

860

783

(7)

(12)

(33)

YoY difference

267

283

(11)

(13)

(30)

Mitsukoshi (USA) Inc.

100.0

4,483

4,483

510

544

385

YoY difference

410

410

(236)

(207)

(155)

*1 Results for Isetan Mitsukoshi Ltd. include income/loss of the real estate segment. *2 Gross sales are not shown for Isetan (Singapore) Ltd. as it has adopted IFRS.

-6-

Voting Rights Held

Percentage

(Incl. indirect ownership) (%)

(Millions of yen)

Gross sales

Net sales

Operating

Recurring

Quarterly net

income(loss)

income (loss)

income(loss)

Credit & finance business/ Customer organization management business

MICARD Co., Ltd.

100.0

15,900

15,619

1,579

1,585

1,141

YoY difference

954

925

(314)

(305)

(351)

MI TOMONOKAI Co., Ltd.

100.0

1,589

1,589

(71)

59

39

YoY difference

(53)

(53)

16

(1)

(5)

Real estate business

Isetan Mitsukoshi Property Design Ltd.

100.0

7,897

7,897

(132)

(127)

(85)

YoY difference

2,979

2,979

236

240

185

Isetan Kaikan Ltd.

100.0

359

359

6

2

1

YoY difference

6

6

0

(5)

(4)

Others

Isetan Mitsukoshi System Solutions Ltd.

100.0

6,498

6,498

326

316

208

YoY difference

407

407

506

509

373

Isetan Mitsukoshi Human Solutions Ltd.

100.0

1,700

1,700

28

29

19

YoY difference

194

194

12

15

9

Isetan Mitsukoshi Business Support Ltd.

100.0

10,959

10,959

188

192

126

YoY difference

(329)

(329)

12

12

(4)

Isetan Mitsukoshi Gift Solutions Ltd.

100.0

2,267

564

244

263

175

YoY difference

(20)

49

(16)

(59)

(62)

Mitsukoshi Isetan Nikko Travel, Ltd.

100.0

2,611

2,611

0

121

76

YoY difference

1,233

1,233

278

333

257

Lime Tree Cruises B. V.

-

-

-

(69)

(80)

(59)

YoY difference

(76)

(76)

(11)

(12)

(19)

Lime Tree Shipping AG

-

434

434

99

99

99

YoY difference

395

395

123

123

123

Century Trading Co., Ltd.

100.0

1,033

1,033

(55)

(52)

(35)

YoY difference

(56)

(56)

(14)

(8)

(2)

Isetan Mitsukoshi (Italy) S.r.l.

100.0

35

35

(23)

(11)

(11)

YoY difference

35

35

(23)

(10)

(10)

Studio Alta Co., Ltd.

100.0

657

657

73

68

45

YoY difference

311

311

57

46

29

Isetan Mitsukoshi Innovations Ltd.

100.0

0

0

(11)

(6)

(5)

YoY difference

(5)

(5)

(1)

(16)

(12)

IM Food Style Ltd. * 3

100.0

18,859

17,051

325

333

214

YoY difference

9,691

7,987

201

209

129

MITSUKOSHI FEDERAL RETAIL, INC. * 4

60.0

385

177

(39)

(40)

(40)

YoY difference

-

-

-

-

-

*3 As IM Food Style Ltd. is included in the scope of consolidation with June 30, 2022 as the deemed acquisition date, the YoY difference is based on profit and loss from July to September of the previous year results.

*4 As MITSUKOSHI FEDERAL RETAIL, INC. will be included in the scope of consolidation from the fiscal year ending March 2024, the difference against the previous fiscal year is not shown.

-7-

(2) Full-year Forecast for Fiscal Year Ending March 31, 2024

(Millions of yen)

Gross sales

Net sales

Operating

Recurring

Net

income(loss)

income (loss)

income(loss)

Department store business

Isetan Mitsukoshi Holdings Ltd.

10,828

10,828

2,533

2,279

2,281

YoY difference

(7,166)

(7,166)

(7,118)

(5,867)

(5,825)

Isetan Mitsukoshi Ltd. *1

697,200

266,400

35,500

37,000

30,000

YoY difference

86,120

22,223

13,573

12,583

3,508

Sapporo Marui Mitsukoshi Ltd.

61,602

20,736

209

139

108

YoY difference

6,706

2,198

1,204

1,213

1,097

Hakodate Marui Imai Ltd.

6,050

2,370

66

66

47

YoY difference

13

(26)

36

55

37

Sendai Mitsukoshi Ltd.

27,564

11,672

(5)

4

17

YoY difference

526

158

213

213

197

Nagoya Mitsukoshi Ltd.

60,533

19,492

422

431

351

YoY difference

2,881

367

694

682

502

Shizuoka Isetan Ltd.

16,387

6,959

146

149

98

YoY difference

224

(67)

104

104

26

Niigata Isetan Mitsukoshi Ltd.

37,593

15,068

1,000

1,011

702

YoY difference

1,983

382

394

369

292

Hiroshima Mitsukoshi Ltd.

11,161

3,922

(408)

(436)

(310)

YoY difference

(219)

(97)

245

242

217

Takamatsu Mitsukoshi Ltd.

22,603

8,859

273

280

210

YoY difference

962

330

64

56

11

Matsuyama Mitsukoshi Ltd.

5,553

2,552

(60)

(110)

(74)

YoY difference

350

118

412

408

312

Iwataya Mitsukoshi Ltd.

118,322

37,691

3,638

3,640

2,433

YoY difference

8,686

1,617

931

775

437

Isetan (Singapore) Ltd. *2

-

-

-

-

-

YoY difference

-

-

-

-

-

Isetan of Japan Sdn. Bhd.

13,523

7,189

254

184

184

YoY difference

1,348

870

15

(74)

5

Isetan (China) Holdings Ltd.

7

7

(26)

5

5

YoY difference

(4)

(4)

2

30

30

Shanghai Mei Long Zhen Isetan

5,809

3,514

(540)

(573)

(573)

YoY difference

1,312

994

(166)

(202)

13

Tianjin Isetan Co., Ltd.

6,525

2,899

(163)

(198)

(265)

YoY difference

1,177

324

80

14

27

Tianjin Binhai New District Isetan Co., Ltd.

1,685

1,524

(52)

(57)

(77)

YoY difference

605

602

(2)

0

(14)

Mitsukoshi (USA) Inc.

9,710

9,710

1,117

1,179

844

YoY difference

1,891

1,891

(105)

(66)

(97)

*1 Results for Isetan Mitsukoshi Ltd. include income/loss of the real estate segment.

*2 Full-year forecast for Isetan (Singapore) Ltd., which is listed in Singapore, is not presented.

-8-

(Millions of yen)

Gross sales

Net sales

Operating

Recurring

Net

income(loss)

income (loss)

income(loss)

Credit & finance business/ Customer organization management business

MICARD Co., Ltd.

32,866

32,585

4,110

4,091

2,822

YoY difference

2,219

1,910

5

3

2

MI TOMONOKAI Co., Ltd.

3,484

3,484

(186)

346

97

YoY difference

(88)

(88)

(49)

(81)

(183)

Real estate business

Isetan Mitsukoshi Property Design Ltd.

23,056

23,056

535

539

371

YoY difference

9,784

9,784

404

411

366

Isetan Kaikan Ltd.

714

714

1

(1)

(2)

YoY difference

4

4

(19)

(24)

(17)

Others

Isetan Mitsukoshi System Solutions Ltd.

13,448

13,448

658

628

431

YoY difference

517

517

352

352

495

Isetan Mitsukoshi Human Solutions Ltd.

3,881

3,881

117

118

77

YoY difference

737

737

30

32

15

Isetan Mitsukoshi Business Support Ltd.

23,576

23,576

300

307

197

YoY difference

389

389

15

18

10

Isetan Mitsukoshi Gift Solutions Ltd.

4,840

1,205

540

561

511

YoY difference

19

50

(10)

(110)

43

Mitsukoshi Isetan Nikko Travel, Ltd.

5,916

5,916

132

264

200

YoY difference

2,353

2,353

419

444

339

Lime Tree Cruises B. V.

142

142

(30)

(51)

(11)

YoY difference

22

22

66

52

52

Lime Tree Shipping AG

541

541

(41)

(40)

(40)

YoY difference

390

390

7

7

7

Century Trading Co., Ltd.

3,193

3,193

115

117

80

YoY difference

(100)

(100)

68

73

40

Isetan Mitsukoshi (Italy) S.r.l.

154

154

(46)

(21)

(22)

YoY difference

154

154

(44)

(18)

(19)

Studio Alta Co., Ltd.

1,809

1,809

277

267

220

YoY difference

1,014

1,014

175

163

127

Isetan Mitsukoshi Innovations Ltd.

0

0

(32)

(26)

(21)

YoY difference

(13)

(13)

(16)

(26)

(18)

IM Food Style Ltd. * 3

40,763

36,753

1,272

1,286

963

YoY difference

9,933

8,886

473

479

1,018

MITSUKOSHI FEDERAL RETAIL, INC. * 4

1,125

498

(45)

(47)

(47)

YoY difference

-

-

-

-

-

*3 As IM Food Style Ltd. is included in the scope of consolidation with June 30, 2022 as the deemed acquisition date, the YoY difference is based on profit and loss from July to March of the previous year results.

*4 As MITSUKOSHI FEDERAL RETAIL, INC. will be included in the scope of consolidation from the fiscal year ending March 2024, the difference against the previous fiscal year is not shown.

-9-

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Isetan Mitsukoshi Holdings Ltd. published this content on 16 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2023 10:41:03 UTC.