Operating profit for the company retreated to 7.23 billion yen, down from 7.77 billion yen in the previous year. Pretax profit followed a similar downward trajectory, settling at 7.48 billion yen compared to 7.97 billion yen a year earlier. Consequently, earnings per share dropped to 58.73 yen from 64.51 yen. These figures, released under Japanese accounting standards, reflect a quarter where rising top-line growth failed to offset narrower margins.
In section Market Quotes
Life Corp Profit Dips as First Quarter Costs Climb
Life Corp reported a net profit of 5.08 billion yen for the first quarter ending May 31, falling short of the 5.58 billion yen recorded during the same period last year. Despite the bottom-line decline, the Japanese retailer saw its quarterly revenue climb to 223.30 billion yen from 216.29 billion yen.
Comments (0)
No comments yet. Be the first!