By  on February 5, 2009

TOKYO — Japan’s largest department store operator, Isetan Mitsukoshi Holdings Co. Ltd., issued another profit warning for the year ending March 31 amidst a protracted slump in consumer spending.

The company now sees its full-year net profits coming in at 11 billion yen, or $122.9 million at average exchange, more than 59 percent lower than its most recent projection last fall. Sales are coming in at 1.4 trillion yen, or $15.87 billion, down 5 percent from the earlier forecast.

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