Isetan Mitsukoshi 30.5 billion yen final deficit Corona impacts store closures

Isetan Mitsukoshi final deficit of 30.5 billion yen Store closure due to corona impact 15:26 on July 29

This is Isetan Mitsukoshi Holdings Co., Ltd., a major department store, and the final profit and loss for the three months from April to June was 30.5 billion yen.

The spread of the new coronavirus caused a closure of domestic stores from April to May, and sales fell to less than half of the same period last year.

In addition, we are forecasting a net loss of 60 billion yen in the outlook for the next fiscal year.