Kintetsu Group Holdings

Retail & mixed-use property · 9041

The Japan read

From the company's own filing for Q1 (Apr–Jun 2026) · reported 2026-08-10 · the filing

JapanWithin retail, the department-store business lifted profit 74.7% to ¥1.88bn on revenue down 1.2% to ¥29.4bn, as floor renovations, events and firm tax-free sales offset the reaction against the 2025 Osaka-Kansai Expo.
Not disclosedKintetsu calls its department stores' tax-free sales 'firm' but gives no tax-free sales figure, share of sales or customer count.
InboundHotels felt the Expo reaction compounded by China's restraint on travel to Japan: hotel revenue fell 1.1% to ¥12.3bn and hotel profit 69.7% to ¥434mn.

Other callouts in the filing

SegmentThe travel business handled fewer group and inbound tours on the Expo reaction and Middle East tensions; travel profit fell 53.3% to ¥929mn on revenue down 1.1%.
One-offNet profit was helped by a ¥1.49bn gain on fixed-asset sales; Kintetsu says asset and securities sales generated more than ¥4bn of cash in the quarter under its balance-sheet reform.
OutlookThe 15 May forecast is unchanged; it has first-half operating profit down 17.0% to ¥35.0bn and full-year operating profit up 0.6% to ¥90.0bn.

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.

Show figures in

Q1 (Apr–Jun 2026) · Year-to-Date

Reported 2026-08-10

Operating revenue¥460.5bn+7.7%

Operating profit¥23.1bn+5.2%

Net income¥11.8bn+9.1%

Kintetsu's retail segment — Kintetsu Department Store, whose flagship fills Abeno Harukas — took revenue down 0.6% to ¥54.3bn but lifted segment profit 37.5% to ¥2.3bn. The company attributes that to floor renovations and in-store events, plus firm duty-free sales, offsetting what it calls the reaction against last year's Osaka-Kansai Expo. Its hotel and leisure arm had no such offset: revenue down 0.6% and segment profit down 48.4%, on the same Expo reaction plus Chinese travel restraint. Group operating revenue rose 7.7% to ¥460.5bn, operating profit 5.2% to ¥23.1bn and net income 9.1% to ¥11.8bn.