The company’s revenue reached 29.41 billion yen, down marginally from the 29.78 billion yen posted in the previous year. Despite the lower top-line figure, operational efficiency significantly improved. Operating profit surged to 1.93 billion yen, nearly doubling the 1.08 billion yen achieved in the prior-year quarter. Pretax profit followed a similar trajectory, rising to 1.91 billion yen compared to 985 million yen a year earlier. Earnings per share climbed to 32.85 yen, contrasting with the previous loss of 15.47 yen per share. These figures are based on Japanese accounting standards.
In section Market Quotes
Kintetsu Department Store Swings to Profit in First Quarter
Kintetsu Department Store Co. Ltd. reported a net profit of 1.33 billion yen for the first quarter ending May 31, a sharp reversal from the 604 million yen loss recorded during the same period last year. The results signal a robust recovery for the Japanese retailer despite a slight dip in revenue.
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