TOKYO — Takashimaya said Friday that net profit for the nine months ended Nov. 30 rose 22.8 percent year-over-year. The retailer attributed the growth to higher sales at its department stores, as well as to onetime payments from the selling off of fixed assets.

This story first appeared in the December 29, 2014 issue of WWD. Subscribe Today.

Net profit for the period totaled 13.03 billion yen, or $124.5 million at average exchange.

Operating profit grew 8.3 percent to 17.84 billion yen, or $170.38 million. Takashimaya reported year-over-year revenue growth of 1.1 percent for 655.5 billion yen, or $6.26 billion.

The company left unchanged its guidance for the fiscal year ending Feb. 28. It expects net profit to grow by 14.9 percent to 21.5 billion yen, or $178.6 million at current exchange. Takashimaya is predicting a 10 percent rise in operating profit, to 32 billion yen, or $265.9 million.

The department store operator forecasts annual revenue growth of 1.3 percent, for a total of 916 billion yen, or $7.6 billion.

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