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![\"Japan](\"https:\/\/www.europesays.com\/japan\/wp-content\/uploads\/2026\/08\/japan-department-store-sales-fell-27-fiscal-2025-tsr-survey.jpg\")
<\/p>\nKEY POINTSTokyo Shoko Research survey shows 58 major department stores post 2.7% sales decline in fiscal 2025Combined net profit drops 24.6%, with 49 companies reporting lower sales and 22 posting lossesSurvey count falls from 70 to 58 in five years as closures spread and four prefectures lose all department stores
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A chart from Tokyo Shoko Research shows the declining sales and profit trends for 58 major Japanese department stores from 2023 to 2025. Note: Japanese text in the original image from press release has been translated into English by our editorial team.
\nTakashimaya<\/p>\n
Japan’s department store sector remained under pressure in fiscal 2025, with combined sales at 58 major operators falling 2.7% from a year earlier to 2.063 trillion yen, according to a Tokyo Shoko Research survey released on August 13.<\/p>\n
Combined net profit fell 24.6% to 111.3 billion yen, down 36.5 billion yen from fiscal 2024, leaving the sector with an overall decline in both revenue and earnings. Tokyo Shoko Research said inbound tourism demand helped some stores in major cities, but changing consumer behavior and a difficult operating environment continued to weigh on the industry.<\/p>\n
Among the 58 companies surveyed, 49, or 84.4%, posted lower revenue than a year earlier, while 9 reported higher sales. Of 57 companies for which profit figures were available, 40, or 70.1%, recorded lower profit and 22, or 38.5%, were in the red.<\/p>\n
Takashimaya was the top company by standalone sales, with 328.0 billion yen for fiscal 2025, down 3.2% from a year earlier. It was followed by Isetan Mitsukoshi at 283.3 billion yen and Daimaru Matsuzakaya Department Stores at 249.9 billion yen.<\/p>\n
By net profit, Isetan Mitsukoshi ranked first at 82.8 billion yen, up 60.1% from a year earlier. Daimaru Matsuzakaya was second at 20.74 billion yen, up 7.8%. Tokyo Shoko Research said Isetan Mitsukoshi’s profit was boosted by lower costs from structural reforms and extraordinary gains including profits from the sale of shares in affiliated companies, even though revenue slipped 1.5% from fiscal 2024.<\/p>\n
The research firm defined 32 companies as major department store group operators, including nationwide groups and subsidiaries of large private railway operators, and 26 others as locally based independent department stores. It said those local independent operators remained particularly vulnerable because they lag larger rivals in financial resources and market size while also facing population decline and aging buildings and equipment.<\/p>\n
For local independent department stores, combined sales at 26 companies fell 4.0% from a year earlier to 300.7 billion yen. For 25 companies with profit data available, combined profit was 2.7 billion yen, up 500 million yen from 2024. Only 3 of the 26 posted higher revenue, while the top 10 by sales all recorded declines. Matsuya was the largest local independent operator by sales at 37.7 billion yen, followed by Tenmaya at 25.3 billion yen and Fujisaki at 18.7 billion yen.<\/p>\n
Tokyo Shoko Research said the survey population had fallen to 58 from 70 in its previous study published in August 2021. Eight companies disappeared from the count over the past five years due to bankruptcies, business closures or dissolutions, while another four were excluded because changes including parent-company ownership shifts meant their financial results were no longer disclosed.<\/p>\n
Store closures have continued. Meitetsu Department Store’s main store ended operations in February after more than 70 years, and Nagoya Railroad had previously announced the department store company would be dissolved effective on September 1, 2026. The release also identified eight department store closures nationwide since 2026, including planned shutdowns.<\/p>\n
Japan now has four prefectures with no department store at all: Yamagata, Tokushima, Shimane and Gifu. Another 16 prefectures have only one department store remaining.<\/p>\n","protected":false},"excerpt":{"rendered":"KEY POINTSTokyo Shoko Research survey shows 58 major department stores post 2.7% sales decline in fiscal 2025Combined net…\n","protected":false},"author":2,"featured_media":73696,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[47400,4319,47399,8,33,2565,47401,47398,1726],"class_list":["post-73695","post","type-post","status-publish","format-standard","has-post-thumbnail","category-japan","tag-daimaru-matsuzakaya","tag-department-stores","tag-isetan-mitsukoshi","tag-japan","tag-nihon","tag-retail","tag-store-closures","tag-takashimaya","tag-tokyo-shoko-research"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/73695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/comments?post=73695"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/73695\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media\/73696"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media?parent=73695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/categories?post=73695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/tags?post=73695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}