Isetan Mitsukoshi Holdings

Department-store groups · 3099

The Japan read

From the company's own filing for Q1 (Apr–Jun 2026) · reported 2026-08-13 · the filing

InboundOverseas-customer gross sales at its Japanese department stores rose 22.1% to ¥42.2bn, 14.9% of sales; Isetan Shinjuku took ¥19.4bn (+29.4%) and Mitsukoshi Ginza drew 37.6% of its sales from overseas shoppers.
InboundOutside Tokyo, overseas-customer sales at Fukuoka's Iwataya Mitsukoshi jumped 38.4% to ¥6.6bn (20.1% of sales), while Nagoya Mitsukoshi's fell 8.6%; the group credits a wider spread of visitor origins.
JapanDomestic-customer gross sales across its Japanese stores rose 3.6% to ¥239.9bn: up 5.6% at the five Tokyo-area Isetan Mitsukoshi stores but down 0.2% at the regional subsidiaries; customers spending ¥3mn+ a year bought 16% more.
StoresIsetan Shinjuku's gross sales rose 10.0% to ¥107.0bn while it remodelled its pâtisserie zone, opening 25 of 45 planned brands; Nagoya Mitsukoshi slipped 2.2% during its own remodel.

Other callouts in the filing

One-offNet income again leaned on a ¥10.48bn gain from selling affiliate shares held by Isetan Mitsukoshi — close to last year's ¥10.65bn — so the one-off barely distorts the year-on-year comparison.
OutlookFull-year guidance was raised: operating profit to ¥84.0bn from ¥81.5bn and net income to ¥63.0bn from ¥61.5bn, while the plan assumes overseas-customer sales grow just 1.0% in the second half.

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.

Monthly sales

Change on the same month a year earlier, as the company reports it. Latest: Sep 2026

Domestic department stores, total

Monthly sales, change on a year earlier
Month	Total sales	Duty-free sales	Release
Sep 2026	+8.3%	+36.2%	2026-10-01
Aug 2026	+4.2%	+13.3%	2026-09-01
Jul 2026	+7.0%	+32.1%	2026-08-03
Jun 2026	+5.6%	+33.3%	2026-07-01
May 2026	+8.6%	+17.8%	2026-06-01
Apr 2026	+5.9%	+16.8%	2026-05-01
Mar 2026	+5.5%	—	2026-04-01
Feb 2026	+6.3%	—	2026-03-02
Jan 2026	+2.1%	—	2026-02-02
Dec 2025	−0.5%	—	2026-01-05
Nov 2025	+0.6%	—	2025-12-01
Oct 2025	+4.3%	—	2025-11-04
Sep 2025	+3.5%	—	2025-10-01
Aug 2025	+0.7%	—	2025-09-01
Jul 2025	−5.4%	—	2025-08-01
Jun 2025	−9.2%	—	2025-07-01
May 2025	−3.4%	—	2025-06-02
Apr 2025	−1.5%	—	2025-05-01
Mar 2025	−1.6%	—	2025-04-01
Feb 2025	+0.4%	—	2025-03-03
Jan 2025	+13.7%	—	2025-02-03
Dec 2024	+5.4%	—	2025-01-06
Nov 2024	+6.8%	—	2024-12-02
Oct 2024	+2.0%	—	2024-11-01

By store

Sales by store, change on a year earlier
Store	Sep '26	Aug '26	Jul '26	Jun '26	May '26	Apr '26
Mitsukoshi Ginza	+19.9%	+1.2%	+11.3%	+6.1%	+8.3%	+4.2%
Isetan Shinjuku (in-store)	+11.5%	+7.0%	+15.5%	+12.8%	+13.2%	+10.0%
Five Tokyo flagships	+11.0%	+6.4%	+11.2%	+8.5%	+10.7%	+7.3%
Mitsukoshi Nihombashi (in-store)	+9.2%	+14.9%	+7.9%	+7.4%	+9.5%	+6.4%
Iwataya Mitsukoshi	+7.0%	+3.5%	+5.2%	+8.6%	+9.9%	+5.4%
Sapporo Marui Mitsukoshi	+5.5%	+2.4%	−0.7%	−3.1%	+0.1%	+3.2%
Regional group stores	+2.5%	+0.1%	−1.0%	−0.3%	+4.4%	+3.3%
Niigata Mitsukoshi Isetan	+0.9%	+2.2%	−2.6%	+2.2%	+3.7%	−1.5%
Nagoya Mitsukoshi	0.0%	−1.1%	−5.5%	−9.0%	−3.9%	+7.2%
Isetan Urawa	−1.3%	−6.5%	−1.7%	−5.9%	+7.0%	−1.8%
Shizuoka Isetan	−2.3%	+3.2%	−0.4%	−2.7%	+4.5%	−1.2%
Takamatsu Mitsukoshi	−3.6%	−19.0%	−7.8%	−9.1%	+0.1%	−2.2%
Sendai Mitsukoshi	−5.5%	−7.3%	−4.9%	−7.0%	+12.2%	+2.0%
Hiroshima Mitsukoshi	−6.7%	−1.4%	−10.8%	+0.1%	+5.7%	−4.9%
Isetan Tachikawa	−7.2%	−3.8%	−5.4%	−7.9%	0.0%	+1.0%
Matsuyama Mitsukoshi	−10.0%	−6.6%	−16.5%	−14.6%	−9.9%	−9.2%
Hakodate Marui Imai	−10.1%	−3.5%	−8.3%	−1.7%	+1.7%	−0.9%

Total sales: Domestic department stores, total (国内百貨店計)
Duty-free sales: Overseas-customer sales, domestic department stores total (海外顧客売上高国内百貨店計)

— means no figure is on file: the release did not print that line that month, or the company has since taken the release down.

Source: Isetan Mitsukoshi Holdings domestic department-store monthly sales flash. Figures as reported; preliminary, and the company may revise them. Compiled by floortok.

Reported results

Show figures in

floortok holds 2 reported periods for this company.

Q1 (Apr–Jun 2026) · Year-to-Date

Reported 2026-08-13

Revenue¥128.9bn+3.8%

Operating profit¥18.9bn+20.6%

Net income¥22.3bn+18.5%

Isetan Mitsukoshi opened its new fiscal year (April–June 2026) with revenue up 3.8% to ¥128.9bn, operating profit up 21% to ¥18.9bn and net income up 18.5% to ¥22.3bn. The department-store segment led, with segment profit up 24% as its identified-spender base grew to 8.49mn and its overseas-customer base to 1.08mn. As in the prior year, a large one-off gain on selling affiliate shares (¥10.5bn) did much of the work on net income; the group raised both its full-year operating-profit and net-income guidance, though net income is still expected to fall short of FY2026, when outsized one-off gains flattered the result.

Full year to March 2026

Reported 2026-05-13

Revenue¥545.6bn−1.8%

Operating profit¥80.0bn+4.9%

Net income¥76.1bn+44.1%

Japan's largest department-store group closed its year to March 2026 with net income up 44% to ¥76bn, even as revenue slipped 1.8%: record loyalty spending at its Tokyo flagships and cost reform lifted profit, while inbound sales eased from late 2025 as Chinese visitor numbers thinned.

JapanRecord spending by loyal customers at its Tokyo flagships, with cost reform, lifted profit.
InboundInbound sales eased from late 2025 as Chinese visitor numbers thinned.