Isetan Mitsukoshi's first-half profit hits a record as overseas-customer tax-free sales jump 24%, and it raises its outlook
Isetan Mitsukoshi Holdings posted a record first-half net profit, helped by a one-off share-sale gain, as tax-free sales to overseas customers rose 24% even as Japan's own visitor arrivals fell for much of the half -- and raised its full-year outlook.
Isetan Mitsukoshi Holdings Ltd. (株式会社三越伊勢丹ホールディングス), operator of flagship department stores including Isetan Shinjuku and Mitsukoshi Nihombashi, reported net sales of ¥263.2bn for the six months to September 30, 2026, up 3.7% year on year, with operating profit up 19.4% to ¥37.6bn and profit attributable to owners of parent up 26.4% to ¥37.1bn -- a record first-half net profit for the group, according to the company's consolidated results. It raised its full-year revenue and profit guidance.