Summary of the Company Performance

Merchandise and Other

In regard to merchandise and other business, at JR Nagoya Takashimaya we strove to develop an attractive line of products, renovate sales floors and enhance our selling strategy so that it meets the needs of customers.
In regard to our agriculture business, we began cultivation on a commercial basis and proceeded with preparations to deliver product to group companies.
However, due to the impact of the swine flu, and government policy to reduce highway tolls, in addition to the economic downturn, operating revenues decreased by 6.3% year-on-year to 188.6 billion yen and operating income decreased by 30.7% year-on-year to 3.7 billion yen.