From the company's own filing for H1 (Mar–Aug 2026) · reported 2026-10-13 · the filing ↗
StoresCounting concession sales in full, Korinbo in Kanazawa edged up 0.2% to ¥11.11bn and Toyama slipped 0.4% to ¥7.48bn, a flat ¥18.59bn in all; sundries, which include imported luxury watches, rose 7.1% while clothing fell 4.6% and food 2.2%.
JapanDaiwa says big-city department stores rode wealthy shoppers and returning inbound demand while regional cities lagged; at its two stores jewellery events for affluent customers sold well, but heavy rain and poor weather kept shoppers away.
Other callouts in the filing
One-offSpecial losses of ¥769mn — chiefly a ¥672mn impairment on Kanazawa New Grand Hotel's property plus ¥85mn of restructuring costs — drove the net loss.
BasisThe hotel and Daiwa's loans to it were sold to Superior GK on 1 October 2026; Daiwa expects about ¥100mn of sale costs and ¥130mn of restructuring costs in the second half and borrowed ¥2.0bn from Hokkoku Bank for the deal.
OutlookFull-year guidance now calls for a ¥900mn net loss instead of a ¥100mn profit, with revenue of ¥16.0bn (+0.1%) and operating profit of ¥250mn (+31.1%) unchanged; the dividend is still undecided.
floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.
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floortok holds 2 reported periods for this company.
Quarter-alone and year-to-date rows are floortok's arithmetic on the company's own filings — the quarter alone under a cumulative filing, the year to date under a quarter — shown only where the filings they need are on file. A period tagged Year-to-Date runs from the start of the company's fiscal year.
H1 (Mar–Aug 2026) · Year-to-Date
Reported 2026-10-13
Net sales¥7.9bn▼ −0.7%
Operating profit¥0.1bn▼ −10.3%
Net income−¥0.6bn—
Q2 alone (Jun–Aug 2026)
Net sales¥3.8bn—
Operating profit−¥0.1bn—
Net income−¥0.8bn—
Daiwa, which runs Korinbo Daiwa in Kanazawa and Daiwa Toyama, saw revenue slip 0.7% to ¥7.9bn in March–August 2026 and operating profit fall 10.3% to ¥0.14bn. Writing down its Kanazawa hotel before selling it turned the half into a ¥584mn net loss, against a ¥190mn profit a year earlier, and it now expects a ¥900mn net loss for the year.
Q1 (Mar–May 2026) · Year-to-Date
Reported 2026-07-13
Net sales¥4.1bn▼ −0.9%
Operating profit¥0.2bn▲ +10.2%
Net income¥0.2bn▼ −6.9%
Daiwa runs two department stores in the Hokuriku region: Korinbo Daiwa in Kanazawa and Daiwa Toyama. In March–May 2026 revenue slipped 0.9% to ¥4.1bn, while operating profit rose 10.2% to ¥0.20bn; net income fell 6.9% to ¥0.18bn.
StoresCounting concession sales in full, the Korinbo store in Kanazawa grew 1.7% to ¥5.77bn and the Toyama store slipped 0.9% to ¥3.98bn, for ¥9.75bn in all (+0.6%); accessories (+5.2%) and sundries (+5.1%) rose while clothing fell 3.2%.
StoresKorinbo ran Hokuriku's first Swatch Store, a ground-floor pop-up (19 March–31 May), and added Kobe Croquette to its food floor; both stores held luxury-brand pop-ups for their account customers.
One-offOn 1 October 2026 it completed the sale of its hotel subsidiary, Kanazawa New Grand Hotel, which lost ¥1.63bn on ¥1.24bn of sales last year; it expects a special loss of about ¥1bn this year and will disclose the final figure.
OutlookIts April guidance — revenue of ¥16.0bn (+0.1%), operating profit of ¥0.25bn (+31.1%) and net income of ¥0.10bn — has not yet been updated for the hotel sale; the year-end dividend is undecided.