H2O Retailing has kept its consolidated full-year earnings forecast for the fiscal year ending March 2027 unchanged. First-quarter net profit surged 2.57 times year on year to 10.265 billion yen, but the outlook remains uncertain due to the Middle East situation, the shift to airport duty-free sales, and a pullback in spending ahead of a consumption tax cut. For the full year, the company expects net profit to fall 23.2 percent from the previous year to 23 billion yen. The April–June quarter was boosted by a special gain of 5.162 billion yen from the sale of investment securities, the renovation effects at the Hankyu Umeda Main Store and Hanshin Umeda Main Store, and a rise in inbound sales driven by the weaker yen, all of which lifted the department store business.
H2O Retailing CorporationQ1 net profit surged 2.57x on a special gain from investment securities sale and strong department store sales, though full-year forecast unchanged.