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Takashimaya Company
(8233)
Takashimaya Company (8233) vs. iShares MSCI Japan ETF (EWJ)
Takashimaya Company Business Overview & Revenue Model
Takashimaya Company Financial Statement Overview
| Breakdown | TTM | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 490.58B | 498.49B | 466.13B | 443.44B | 761.12B | 680.90B |
| Gross Profit | 297.74B | 266.18B | 244.04B | 227.61B | 201.49B | 181.10B |
| EBITDA | 86.64B | 90.72B | 80.46B | 66.10B | 35.78B | 14.57B |
| Net Income | 43.17B | 39.52B | 31.62B | 27.84B | 5.36B | -33.97B |
Balance Sheet | ||||||
| Total Assets | 1.34T | 1.30T | 1.27T | 1.18T | 1.14T | 1.15T |
| Cash, Cash Equivalents and Short-Term Investments | 81.67B | 90.54B | 94.75B | 90.84B | 90.67B | 106.68B |
| Total Debt | 339.30B | 341.47B | 345.81B | 303.81B | 302.23B | 293.54B |
| Total Liabilities | 832.48B | 795.66B | 791.67B | 741.71B | 723.84B | 735.39B |
| Stockholders Equity | 477.35B | 473.05B | 454.08B | 413.33B | 398.57B | 394.32B |
Cash Flow | ||||||
| Free Cash Flow | 24.77B | 43.68B | 31.68B | 10.48B | -11.89B | 20.30B |
| Operating Cash Flow | 64.54B | 72.49B | 59.54B | 36.50B | 21.04B | 43.72B |
| Investing Cash Flow | -35.14B | -39.69B | -38.50B | -10.71B | -37.12B | -27.03B |
| Financing Cash Flow | -35.74B | -41.77B | -20.60B | -32.43B | -4.76B | 2.30B |
Takashimaya Company Technical Analysis
Takashimaya Company Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥981.01B | 9.13 | 9.37% | 2.59% | -1.22% | -10.82% | |
71 Outperform | ¥529.23B | 14.44 | 9.06% | 1.84% | 0.42% | 20.25% | |
66 Neutral | ¥614.60B | 22.09 | 7.58% | 2.58% | 6.52% | -31.67% | |
66 Neutral | ¥282.27B | 2.68 | 4.97% | 2.01% | 2.00% | -68.35% | |
65 Neutral | ¥1.10T | 14.50 | 9.25% | 1.48% | -2.86% | 14.93% | |
64 Neutral | ¥1.85T | 18.88 | 17.34% | 0.72% | 18.58% | 7.54% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
Takashimaya Company Corporate Events
Takashimaya’s February 2026 monthly sales report shows overall weakness in its department store operations, with total sales at its 13 stores down year on year and customer traffic also declining, partly affected by the January closure of the Sakai store. Performance was mixed across locations and categories, as regional stores such as Okayama and Takasaki recorded modest sales growth despite lower traffic, while e-commerce rose strongly and several product segments, including clothing and personal items, posted gains even as corporate and cross-media business sales contracted.
The data underscore a challenging environment for Takashimaya’s brick-and-mortar network, particularly at key sites like Nihombashi and Shinjuku, where both sales and customer traffic fell, signaling ongoing pressure on traditional department store formats. At the same time, growth in online sales and selective strength in categories such as food and household goods suggest a gradual shift in consumer behavior that may push the company to accelerate channel diversification and refine its store portfolio to protect profitability.
The most recent analyst rating on (JP:8233) stock is a Buy with a Yen2050.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
Takashimaya Company, Limited has completed the full conversion of its zero coupon convertible bonds due 2028 into common shares, eliminating the remaining 10 million yen face value that was still outstanding as of late February. The bonds, originally totaling 60 billion yen with an initial maturity in December 2028, are now fully converted ahead of the scheduled early redemption date of March 30, 2026 under the clean-up clause.
The move removes all bond liabilities associated with this issue from Takashimaya’s balance sheet, simplifying its capital structure and fully crystallizing equity from the convertible instrument. By completing the process before the planned early redemption, the company avoids cash outflows for principal repayment and secures a clearer equity-heavy financing profile that may influence its future funding flexibility and shareholder base.
The most recent analyst rating on (JP:8233) stock is a Buy with a Yen2023.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
Takashimaya Company, Limited has decided to implement an early redemption of all outstanding Zero Coupon Convertible Bonds due 2028 under a clean-up clause, at 100% of face value. The bonds, originally issued in December 2018 with a total issue amount of ¥60 billion and a current remaining balance of ¥10 million, will have their stock acquisition rights exercisable until March 25, 2026, with redemption set for March 30, 2026, both based on London time.
The move completes a previously announced plan to repurchase and cancel these convertible bonds, streamlining Takashimaya’s capital structure and eliminating the residual potential dilution from conversion at the current price of ¥1,066.1 per share. This early redemption is expected to clarify the company’s equity base for investors and may support more efficient balance sheet management as the original maturity date of December 2028 is effectively brought forward.
The most recent analyst rating on (JP:8233) stock is a Buy with a Yen2612.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
Takashimaya Company, Limited has canceled 10,357,400 of its common shares, representing 3.3% of its outstanding stock, under a resolution approved by its board of directors on February 19, 2026. Following the cancellation, which was completed on February 27, 2026, the total number of shares outstanding stands at 305,208,916, a move that effectively reduces share float and may enhance capital efficiency and shareholder value.
The cancellation signals management’s willingness to adjust capital structure through treasury share reduction, which can be supportive to earnings per share and return on equity metrics over time. For investors, the smaller share base may be interpreted as a shareholder-friendly action, underscoring Takashimaya’s focus on disciplined financial management amid a competitive retail environment.
The most recent analyst rating on (JP:8233) stock is a Buy with a Yen2612.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
Takashimaya Company has finalized the terms and results of its tender offer to repurchase and cancel its Zero Coupon Convertible Bonds due 2028, fixing the purchase price at ¥21,900,200 per bond for early tenders and ¥21,800,200 for other tenders. The total repurchase cost amounts to about ¥131.36 billion for bonds with a face value of ¥59.99 billion, leaving just ¥10 million in face value outstanding after cancellation.
Following this large-scale bond cancellation, Takashimaya plans to exercise a clean-up clause to redeem the remaining bonds early, effectively retiring almost the entire issue. The company will book the difference between the purchase price and book value of the bonds as an extraordinary loss, which will impact earnings for the fiscal year ending February 28, 2026, with details provided in a separate notice on revised forecasts.
The most recent analyst rating on (JP:8233) stock is a Buy with a Yen2612.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
Takashimaya said it will book an extraordinary loss of ¥71.29 billion after buying back and cancelling its zero coupon convertible bonds due 2028, following the finalization of the tender offer results and purchase price totaling about ¥131.36 billion. The non-cash loss, reflecting the gap between the bonds’ purchase price and book value, significantly affects bottom-line profit forecasts for the current fiscal year while leaving revenue and operating profit projections unchanged.
The retailer cut its consolidated profit attributable to owners of parent forecast from a positive ¥13 billion to a loss of ¥10.5 billion for the year ending February 28, 2026, and revised non-consolidated profit from ¥400 million to a loss of ¥23.1 billion. Although the move weakens near-term earnings compared with the prior year’s profit, it reduces outstanding convertible debt and may ultimately support a cleaner capital structure for shareholders once the one-off impact is absorbed.
The most recent analyst rating on (JP:8233) stock is a Buy with a Yen2612.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
Takashimaya Company, Limited has appointed Koichi Makino as Senior Managing Director and Representative Director, also serving as General Manager of the Sales Headquarters and overseeing the Life Design Office, effective March 1, 2026. The move is part of a management reshuffle aimed at quickly adapting to market changes and accelerating group growth.
Former representative directors Kazuhisa Yokoyama and Atsuhiro Sonoda will step down from their representative roles, with Yokoyama becoming a non-representative director and General Manager of the Sales Headquarters at JR Tokai Takashimaya, and Sonoda continuing as a non-representative director. Makino, a long-time company executive with extensive experience in merchandising, store management, and group company leadership, is expected to strengthen the sales and life design businesses and support Takashimaya’s competitive positioning in Japan’s evolving retail sector.
The most recent analyst rating on (JP:8233) stock is a Buy with a Yen2612.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
Takashimaya will shift its corporate governance structure from a company with a board of company auditors to a company with an audit and supervisory committee, subject to shareholder approval at its 160th Ordinary General Meeting in May 2026. The change is intended to support the group’s long-term Grand Design strategy by aligning its governance framework with more diversified and sophisticated management.
By delegating more authority and strengthening the supervisory role of the board, the company aims to accelerate decision-making and deepen strategic discussions while maintaining a strong compliance foundation. Management expects the new structure to reinforce its Machi-dukuri, or community-focused, strategy and promote sustainable growth, potentially enhancing oversight and operational agility for stakeholders.
The most recent analyst rating on (JP:8233) stock is a Buy with a Yen2612.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
Takashimaya has resolved to cancel 10,357,400 of its common treasury shares, representing 3.3% of its outstanding shares, with the effective date set for February 27, 2026. Following the cancellation, the company will have 305,208,916 shares outstanding and 12,194,516 treasury shares remaining, reflecting completion of a previously executed share buyback totaling about ¥15 billion.
The decision follows a tender offer to purchase and cancel almost all of the company’s zero coupon convertible bonds due 2028, which left only ¥10 million in face value outstanding. With minimal risk of significant bond conversion into equity, Takashimaya reinstated its original plan to retire the bought-back shares, a move that tightens its share count and may enhance capital efficiency and shareholder value.
The most recent analyst rating on (JP:8233) stock is a Buy with a Yen2612.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
Takashimaya reported a solid increase in January 2026 sales across its department store network, with total sales at 14 stores up 6.7% year on year and customer traffic rising 1.3%, while its 12 core stores saw sales climb 7.0%. Growth was driven by strong performances at major urban stores such as Nihombashi, Osaka and Yokohama, as well as a 15.7% gain in e-commerce, partially offset by sharp declines at the Sakai store, which closed on January 7, and weaker results in its corporate and cross-media businesses.
By product category, clothing, personal items, household goods and food all recorded year-on-year sales gains, underscoring broad-based consumer demand in the group’s physical stores. The closure of the Sakai store and soft corporate and cross-media revenues highlight an ongoing shift in Takashimaya’s revenue mix toward its core metropolitan locations and online channels, signaling a continued strategic focus on higher-traffic areas and digital growth.
The most recent analyst rating on (JP:8233) stock is a Buy with a Yen2612.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
Takashimaya will record a substantial extraordinary loss stemming from its tender offer to repurchase and cancel Zero Coupon Convertible Bonds due 2028, after fixing the total face value of bonds to be bought back at ¥59.99 billion. Based on the minimum purchase price of approximately ¥99.05 billion versus the bonds’ book value, the company expects at least ¥38.98 billion in extraordinary losses, with the exact amount to be finalized when the purchase price is set on February 24, 2026 and cancellation slated for February 26, 2026. Reflecting this one-off loss, Takashimaya has sharply downgraded its forecast for profit attributable to owners of parent for the fiscal year ending February 28, 2026 from ¥40 billion to ¥13 billion, a 67.5% reduction, while leaving revenue and operating profit projections unchanged, signaling that core business performance remains intact but bottom-line results will be heavily impacted by balance sheet management measures.
The most recent analyst rating on (JP:8233) stock is a Buy with a Yen2180.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
Takashimaya Company, Limited has fixed the total face value of zero coupon convertible bonds due 2028 to be purchased via its tender offer at ¥59.99 billion, of which ¥57.93 billion qualifies for an early tender premium, with the purchase price scheduled to be set on 24 February 2026. The company will cancel the bonds acquired and expects the remaining outstanding amount to fall below 10% of the original issue size, enabling it to exercise a clean-up clause and redeem all remaining bonds early, a move that will result in an extraordinary loss for the fiscal year ending 28 February 2026 but will streamline its capital structure and reduce future potential equity dilution for stakeholders.
The most recent analyst rating on (JP:8233) stock is a Buy with a Yen2180.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
Takashimaya Company, Limited has amended the terms and timetable of its previously announced tender offer for its Zero Coupon Convertible Bonds due 2028, following a board resolution on January 13, 2026. To accommodate investors who require more time to prepare their bond tenders, the company has extended the tender period from January 15, 2026 to January 29, 2026 and pushed back the planned purchase and cancellation date from February 20, 2026 to February 26, 2026, while also moving the early tender premium deadline and the reference share price calculation period to later dates. These changes are intended to broaden investor participation in the buyback and proceed with the planned cancellation of purchased bonds and related treasury share measures without altering other previously disclosed terms, potentially aiding Takashimaya’s capital structure management and signalling a continued focus on shareholder-oriented financial policies.
The most recent analyst rating on (JP:8233) stock is a Buy with a Yen2122.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
Takashimaya reported that all business segments are broadly tracking its FY2025 third-quarter forecasts, with particularly strong momentum in its Finance segment driven by a revamped card reward program, robust new member growth, and higher transaction volumes, alongside expansion into private banking and M&A-led investment and lending. In its domestic department stores, solid spending by Japanese customers is offsetting emerging pressure on inbound sales due to China’s travel discouragement and potential flight cuts around Chinese New Year, prompting the company to hold its full-year guidance while working to lift margins by shifting its sales mix toward higher-margin fashion products and maintaining tight control of SG&A, even as it continues to invest in human capital, ESG and digital transformation to underpin its FY2026 profitability and longer-term earnings ambitions.
The most recent analyst rating on (JP:8233) stock is a Buy with a Yen2122.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
Takashimaya Company, Limited has updated the terms of its previously announced tender offer for its zero coupon convertible bonds due 2028, confirming that the CB ask price used to determine the purchase price is 161.148%, based on the Bloomberg BGN ask price at 15:30 Tokyo time on January 6, 2026. This technical adjustment clarifies the pricing mechanics for bondholders participating in the tender and supports Takashimaya’s broader balance sheet management and capital structure strategy, including the planned cancellation of purchased bonds and related treasury share measures.
The most recent analyst rating on (JP:8233) stock is a Hold with a Yen1708.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
Takashimaya Company’s board has approved the purchase and cancellation of its Zero Coupon Convertible Bonds due 2028 through a tender offer, a move that will generate an extraordinary loss equal to the difference between the bonds’ purchase price and their book value. Because the final loss will depend on how many bonds are tendered, the company cannot yet quantify the impact, but it expects consolidated profit attributable to owners of parent and non-consolidated net profit to decline by roughly 70% of the extraordinary loss after tax effects, and it plans to announce finalized figures and revise its earnings forecast if necessary once the amounts are determined.
The most recent analyst rating on (JP:8233) stock is a Hold with a Yen1708.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
Takashimaya’s board has approved a tender offer to purchase the entire ¥60 billion outstanding issue of its zero coupon convertible bonds due 2028 and subsequently cancel them, aiming to execute large-scale shareholder returns more quickly while eliminating future dilution risk now that the share price is trading above the bonds’ conversion price. In connection with this move, the company has decided to postpone a previously scheduled cancellation of treasury shares acquired through buybacks, and it warns that the difference between the purchase price and book value of the bonds will be recorded as an extraordinary loss that could reduce profit attributable to owners of parent and non‑consolidated net profit by roughly 70% of that loss, with earnings forecasts to be revised once the final figures are known.
The most recent analyst rating on (JP:8233) stock is a Hold with a Yen1708.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
Takashimaya reported consolidated results for the nine months ended 30 November 2025 showing a slight decline in operating revenue and profits year on year, with total operating revenue down 1.3% and operating profit down 10.3%, while profit attributable to owners of parent rose 14.0% due mainly to share-related factors and other non-operating items that lifted earnings per share to ¥99.00. The retailer maintained its full-year forecast, expecting a modest 1.7% decline in total operating revenue and an 8.7% drop in operating profit, but a slight increase in full-year profit attributable to owners of parent, alongside a planned annual dividend of ¥34 per share; the company also continued its shareholder return measures through treasury share buybacks and the purchase and cancellation of convertible bonds, moves that support per-share metrics and signal a focus on capital efficiency despite softer top-line growth.
The most recent analyst rating on (JP:8233) stock is a Hold with a Yen1708.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.