Matsuya Co., Ltd. Provides Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending February, 2022
April 15, 2021 at 02:00 am EDT
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Matsuya Co., Ltd. provided consolidated and non-consolidated earnings guidance for the fiscal year ending February, 2022. For the year, on consolidated basis, the company assumes that operating income will be negative JPY 1.4 billion, ordinary income will be negative JPY 1.5 billion, and net income will be negative JPY 1.4 billion.
For the year, on non-consolidated basis, Ginza store and Asakusa stores sales were JPY 62.0 billion, up 30.9% from the previous quarter. The company expects a decrease of 24.1% from the year before last. Operating income is expected to decrease by JPY 1.2 billion, and net income by JPY 1.3 billion.
MATSUYA CO., LTD. is a Japan-based company primarily engaged in the operation of departments. The Company operates through four business segments. The Department Store segment is engaged in department store business, mail order business, as well as the manufacture, import and export and wholesale of related products. The Restaurant segment is engaged in the restaurant business and the management of wedding hall. The Building Integrated Services and Advertisement segment is engaged in the security, cleaning, equipment maintenance and construction business, building interior work, decoration, and advertising business. The Imported Product Sale segment is involved in the sale of imported products. The Company is also engaged in the supply of office and stationery products, the leasing of office automation (OA) machinery, the insurance agency business, the brokerage of merchandise sale, the product inspection business, as well as the real estate leasing business.
MATSUYA CO., LTD. 
