TOKYO — Japan’s largest department store operator, Isetan Mitsukoshi Holdings Ltd., posted a lower-than-expected net profit for the year ended March 31, amid a protracted slump in consumer spending.
Isetan Mitsukoshi said Tuesday it generated a net profit of 4.68 billion yen, or $46.8 million at average exchange, for the period. That’s more than 50 percent lower than the target it gave in February, when the company issued a profit warning. At that time, it said net profit was on track to come in at 11 billion yen, or $122.9 million.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)