By  on January 31, 2014

TOKYO — Isetan Mitsukoshi Holdings said Friday that its nine-month net profit grew as it shifted to new, smaller retail formats and cut expenses.

Japan's largest department store operator said net profit for the nine months ended Dec. 31 grew 12.2 percent to 19.69 billion yen, or $198.29 million at average exchange rates for the period.

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