By  on December 29, 2009

TOKYO — Sales and profits dropped at Takashimaya for the nine-month period to Nov. 30, which the retailer said was due to the recession.

Net profits during the three quarters fell 63.2 percent to 4.04 billion yen, or $42.7 million at average exchange. Operating profits were down 66.3 percent to 6.8 billion yen, or $72.3 million, compared with the same period a year ago. Sales declined 12.3 percent to 633.9 billion yen, or $6.7 billion.

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