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Takashimaya to Close Rakusai Store Amid Financial Challenges

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Takashimaya to Close Rakusai Store Amid Financial Challenges

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Takashimaya Company ( (JP:8233) ) just unveiled an update.

Takashimaya Company, Limited has announced the closure of its Rakusai Store in Kyoto, effective August 3, 2026, due to sustained financial losses and the need for significant capital investment. The company plans to sell the store’s building and land to a developer for future condominium and commercial use, while continuing to serve customers through a new satellite shop and collaboration with its Kyoto Store.

The most recent analyst rating on (JP:8233) stock is a Buy with a Yen1454.00 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, focusing on department stores and related services. The company is known for its wide range of products and services, catering to various consumer needs, with a significant presence in the Japanese market.

Average Trading Volume: 2,541,271

Technical Sentiment Signal: Buy

Current Market Cap: Yen529B

Learn more about 8233 stock on TipRanks’ Stock Analysis page.

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