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Takashimaya Company ( (JP:8233) ) has provided an announcement.
Takashimaya Company has revised its financial forecasts for FY2025/Q1 due to lower-than-expected sales of high-ticket items and the impact of inflation on domestic sales. Despite a conservative outlook on inbound travelers, the company anticipates a recovery in VIP sales in the second half of the year. Efforts to enhance product appeal and strengthen the customer base are beginning to show results, although the full impact will be seen over a longer period. The company also addresses cost management challenges, particularly in SG&A expenses, and continues to focus on strategic initiatives to maintain competitive positioning.
The most recent analyst rating on (JP:8233) stock is a Hold with a Yen1360.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
More about Takashimaya Company
Takashimaya Company, Limited operates in the retail industry, primarily focusing on department stores in Japan. The company offers a wide range of products and services, targeting both domestic and inbound travelers. It aims to enhance its product appeal and strengthen its customer base through strategic initiatives.
Average Trading Volume: 1,915,513
Technical Sentiment Signal: Sell
Current Market Cap: Yen334.5B
For a thorough assessment of 8233 stock, go to TipRanks’ Stock Analysis page.