By  on August 7, 2009

TOKYO—Isetan Mitsukoshi Holdings Ltd. is still feeling the effects of Japan’s recession.

The company said Friday that net profit for the quarter ended June 30 slumped 49.7 percent to 3.86 billion yen, or $39.6 million at average exchange for the period. Sales dipped 13.5 percent to 306.28 billion yen, or $3.15 billion.

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