Takashimaya March-May financial results: Half of sales will result in a deficit of ¥20.5 billion. New Corona impact July 6 17:32
This is Takashimaya, a major department store. The final profit and loss for the three months from March to May was a loss of 20.5 billion yen.
This is because the main corridor in Japan was closed from April to May due to the influence of the new coronavirus, resulting in a significant decrease in sales.
According to Takashimaya's announcement of the financial results for the three months from March to May, sales were 11.6 billion yen, a decrease of 48% from the same period last year, almost halving.
In addition, the final profit and loss was a loss of more than 20.5 billion yen.
This is due to the spread of the new coronavirus infection, which was due to the fact that the main stores in Japan, except for the food section, were closed for more than 40 days from April to May. Compared to the same month, it decreased by more than 70%.
Although many sales floors have resumed operations since May, Takashimaya said the outlook for the year to February next year remains undecided, as the effects of the new coronavirus cannot be foreseen.