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8 in 10 Gen Zs Keen on AI for Enhanced Banking, Retail Experience
Mitsukoshi Isetan, CMK ◆ Today's hot stocks from FISCO ◆
Mitsukoshi Isetan (3099) announced a revision of its financial estimates for the fiscal year ending March 2025. Revenue was revised upward from JPY 548 billion to JPY 556 billion, and operating profit from JPY 64 billion to JPY 72 billion, exceeding the consensus estimate of around JPY 67 billion. The significant increase in sales was due to the increase in inbound (foreign visitors to Japan) demand at stores in the Tokyo metropolitan area. Regarding the current appreciation of the yen, the company indicated that customers who seek its luxury brands are not refraining from buying to a significant degree, even though the yen has appreciated somewhat.
Mitsukoshi Isetan --- Revised upwards Above 25/3, operating profit increased from 64 billion yen to 72 billion yen.
Revising the financial estimates for March 2025, the company announces an upward revision of revenue from 548 billion yen to 556 billion yen and operating profit from 64 billion yen to 72 billion yen. It exceeded the consensus (about 67 billion yen). Against the backdrop of increasing inbound (visiting foreigners) demand, store sales in the Tokyo metropolitan area have increased significantly. Regarding the current appreciation of the yen, the company seems to have indicated that the customer base seeking their luxury brands would not hesitate to buy even with a slight appreciation of the yen.
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