Isetan Mitsukoshi Holdings Business forecast downward revision New pneumonia effect January 31 18:14
Sales at Isetan Mitsukoshi Holdings, a major department store, declined during the Chinese New Year due to the spread of new coronavirus infections. For the time being, we forecast that the number of Chinese customers will continue to decline for the time being, so we have revised down our forecast for the year to March.
At Isetan Mitsukoshi Holdings, sales for foreign tourists from January 24 to 30, which coincided with the Chinese New Year holidays, fell several percent compared to last year's Spring Festival.
This was due to the Chinese government's suspension of group trips overseas, which resulted in a decrease in Chinese customers, mainly at stores in the Tokyo metropolitan area, such as the flagship store in Tokyo Ginza.
The company expects that Chinese customers will continue to decline for the foreseeable future, and sales will not fluctuate due to an increase in the consumption tax rate. Was.
The final profit is expected to be reduced by half to 7 billion yen from the previous forecast of 14 billion yen.
Akira Kanehara, Executive Officer of Isetan Mitsukoshi Holdings, said, "I am concerned that not only sales of inbound tourists but also Japanese people will be more likely to be affected if they refrain from unnecessary and urgent outings. Are there. "