Keikyu's department store shrinks its selling floor and lifts its profit 86%
Keikyu Corporation let out more of its department store's floor space to tenants this half, and revenue there fell -- but its profit rose 86% on lower depreciation, while the group's own net profit fell on a one-off comparison with last year's Shinagawa land sale.
Keikyu Corporation (京浜急行電鉄), the railway that runs Tokyo's Haneda Airport access line, said its department-store business brought in less revenue this half as it leased out more of its own selling floor to outside tenants -- and that the department store's profit rose 86% anyway, on lower depreciation. According to the company's half-year earnings report (決算短信) filed November 11, the department store's revenue fell 3.3% to roughly ¥5.6 billion in the six months to September 2026, while its operating profit rose 85.6% to about ¥279 million; Keikyu said outside (外商) corporate and personal sales ran ahead of its own plan.