Japanese convenience store operator FamilyMart has reported consolidated net profits up 5.4% to ¥8.55bn (US$65.1m) in the twelve months ended 28 February. The gain was largely derived from a reduction in one-time losses, reported FamilyMart. Pre-tax profits fell 4.4% to ¥25bn as sales and administration costs rose. Expansion in the number of stores contributing to results gave operating revenues an 11.1% boost to ¥195.61bn.