By  on October 7, 2011

TOKYO — Department store operator Takashimaya Co. Ltd. and fashion manufacturer and importer Onward Holdings posted steep declines in first-half profits.

Takashimaya said Friday that its net profit for the six months ended August 31 fell 35.7 percent compared with the same period last year. A spokesman for the company attributed the drop mainly to write-offs related to the closure and sale of its New York store last year.

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