Takashimaya also raised its guidance for the current financial year, ending February 28.
The retailer now expects net profit to increase by 5.8 percent to 17.5 billion yen, or $179.92 million at current exchange rates. This is up from a previous forecast of 16.7 billion yen, or $171.70 million.
The retailer upped its full-year operating profit forecast from 28 billion yen, or $287.87 million, to 29 billion yen, or $298.16 million.
The company is now expecting yearly sales growth of 3.9 percent to 904 billion yen, or $9.29 billion. This is up from a previous forecast of 897 billion yen, or $9.22 billion.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)