ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Retail Trade

Isetan Mitsukoshi Holdings Ltd.

Business Summary

Isetan Mitsukoshi Holdings Ltd. engages in the management of its group companies which deals in the management of department stores. It operates through the following segments: Department Store, Credit, Financing, and Membership, Real Estate, and Other. The Department Store segment sells apparel, accessories, sundry goods, household, and food products. The Credit, Financing, and Membership Club segment provides credit card, personal loan, insurance, and guarantee services along with the provision of membership club services. The Real Estate segment includes building maintenance, real estate leasing, and interior construction projects. The Other segment deals with manufacturing, import, export, wholesale, logistics, personnel, and information processing services. The company was founded on April 1, 2008 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit263,210M1,942.25M
Operating income29,355M216.61M
Income before tax27,827M205.33M
Net income32,377M238.91M
Diluted EPS84.620.62
Dividends Per Share140.10
Total Assets1,217.30B9,146.50M
Total liabilities664,787M4,995.01M
Total equity547,007M4,110.05M
Operating cash flow66,301M489.24M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 1,196.80B 1,119.19B 816,009M 418,338M 487,407M
Gross Profit 322,548M 295,681M 203,937M 220,671M 263,210M
Operating income 23,486M 9,806M -27,421M 5,725M 29,355M
Income before tax 15,244M -2,303M -30,997M 11,117M 27,827M
Net income 13,479M -11,187M -41,079M 12,338M 32,377M
EBITDA 52,156M 39,448M 54M 30,579M 54,976M
Diluted EPS 34.41 -28.89 -107.95 32.26 84.62
Dividends Per Share 12 12 9 10 14
Total Assets 1,247.42B 1,223.80B 1,198.30B 1,168.57B 1,217.30B
Total liabilities 661,709M 673,637M 690,025M 650,913M 664,787M
Total equity 577,609M 544,203M 503,384M 512,912M 547,007M
Operating cash flow 28,286M 16,281M 1,197M 37,914M 66,301M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 10,792.25M 10,293.70M 7,694.03M 3,722.77M 3,596.63M
Gross Profit 2,908.59M 2,719.51M 1,922.89M 1,963.74M 1,942.25M
Operating income 211.78M 90.19M -258.54M 50.94M 216.61M
Income before tax 137.46M -21.18M -292.26M 98.92M 205.33M
Net income 121.54M -102.89M -387.32M 109.79M 238.91M
EBITDA 470.32M 362.82M 0.50M 272.12M 405.67M
Diluted EPS 0.31 -0.26 -1.01 0.28 0.62
Dividends Per Share 0.10 0.11 0.08 0.08 0.10
Total Assets 11,270.06M 11,336.20M 10,844.37M 9,627.79M 9,146.50M
Total liabilities 5,978.30M 6,239.97M 6,244.57M 5,362.82M 4,995.01M
Total equity 5,218.49M 5,041.01M 4,555.51M 4,225.84M 4,110.05M
Operating cash flow 255.07M 149.74M 11.28M 337.39M 489.24M

Valuation Measures

Mar 2023
Operating margin6.02%
Profit margin6.64%

Key executives

  • President, CEO & Representative Director: Toshihiko Sugie
  • Executive Officer & Manager-Operations: Hideki Katagiri
  • CFO, Director & Managing Executive Officer: Hidehiko Igura
  • Executive Officer & Manager-Information Systems: Tomohide Sanbe
  • Representative Director & Executive Vice President: Toru Takeuchi


  • Nomura Asset Management Co., Ltd. (5.9%)
  • Isetan Mitsukoshi Holdings Ltd. (3.7%)
  • Mitsukoshi Health & Welfare Foundation (3.2%)
  • Nikko Asset Management Co., Ltd. (2.4%)
  • Daiwa Asset Management Co. Ltd. (2.3%)
  • The Vanguard Group, Inc. (2.2%)
  • Isetan Mitsukoshi Holdings Business Association (2.1%)
  • Mitsubishi UFJ Financial Group, Inc. (2.0%)
  • RBC Global Asset Management (Asia) Ltd. (1.8%)
  • Norges Bank Investment Management (1.6%)

Contact Details

  • Website:
  • Address: Mitsukoshi Isetan Nishi-Shinjuku, 3-2-5 Nishi-Shinjuku, Tokyo, 160-0023, Japan
  • Phone: +81 3 5843 5115

Related Companies

  • Taiwan Gongya Beauty World Co., Ltd.
  • SWP Holdings Co., Ltd.
  • Lime Tree Cruises BV
  • Chengdu Isetan Department Store Co., Ltd.
  • Tianjin Binhai New Area Isetan Department Store Co., Ltd.
  • Mitsukoshi Isetan Gift Solutions Co., Ltd.
  • Mitsukoshi Isetan System Solutions Co., Ltd.
  • Mitsukoshi Isetan Property Design Co., Ltd.
  • Isetan (China) Investment Co., Ltd.
  • Hiroshima Mitsukoshi Co., Ltd.
  • Isetan Mitsukoshi Holdings Restricted Stock Compensation Plan
  • IM Food Style Ltd.
  • Isetan Mitsukoshi Food Service Ltd.
  • Isetan Mitsukoshi Innovations Ltd.
  • Isetan Mitsukoshi (Italia) Srl
  • Isetan Tianjin Co. Ltd.
  • Shanghai Westgate Isetan Department Store Co., Ltd.
  • Chengdu Isetan Co. Ltd.
  • Isetan (China) Co., Ltd.
  • Sapporo Marui Mitsukoshi Co., Ltd.
  • Isetan of Japan Sdn. Bhd.
  • Matsuyama Mitsukoshi Co., Ltd.
  • Takamatsu Mitsukoshi Co., Ltd.
  • Sendai Mitsukoshi Co., Ltd.
  • Tianjin Isetan Co., Ltd.
  • Isetan Mitsukoshi Group Employee Stock Ownership Plan
  • Isetan Mistukoshi Ltd.
  • LEO Mart KK
  • Niigata Mitsukoshi Isetan Co., Ltd.
  • Isetan Mitsukoshi Business Support Co., Ltd.


  • Seven & I Holdings Co., Ltd.
Last Updated on 31 May, 2023

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more