Kintetsu Group Holdings

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.