2 Major Japan Dept. Store Firms Face Profit Drops in March-May
Tokyo, July 1 (Jiji Press)--Two major Japanese department store operators posted year-on-year decreases in March-May consolidated profits as luxury goods purchases by inbound visitors fell back after faring well a year before on the back of a weaker yen.
Takashimaya Co. said Monday its operating profit in the first quarter of its current business year fell 26.9 pct to 12.6 billion yen, the first decline for March-May in five years.
(2025/07/01-16:23)
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