Matsuya (8237) is significantly extending gains. Last weekend, it announced its Q1 earnings, with operating profits of 1.14 billion yen, which is a large increase of 2.9 times compared to the same period last year. As a result, its annual financial estimates have been greatly upwardly revised from the previous 2.5 billion yen to 5 billion yen, a 68.1% increase from the previous year. Similar to other department stores, it was expected to exceed expectations, but the size of the revision has had an impact. It appears that tax-free revenue has expanded beyond expectation due to an increase in foreign tourists visiting Japan, and department store revenue has also exceeded plan.
松屋---大幅続伸、通期業績の大幅上方修正がインパクトに
Matsuya - significant rise, significant upward revision of full-year performance has impact.
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