JAPAN: Ito-Yokado posts fall in full-year net profit on renovation costs
Japanese retailer Ito-Yokado has posted a 59.8% fall in group net profit for the fiscal year to 28 February due to the increasing cost go store closures and renovations. The supermarket operator, which holds a 50.1% stake in Japan's top convenience store Seven-Eleven Japan, reported group net profit of ¥21.02bn (US$175.7m), compared to ¥52.32bn in the previous year.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- US food next wave on display at Winter Fancy Food
- Does Kraft Heinz want to swallow Unilever whole?
- How General Mills plans to grow - CAGNY
- Comment: Meal kits in US - don't believe the hype
- Focus: Nestle CEO plan to balance sales, earnings
- Unilever launches operational review
- Kraft Heinz pulls Unilever bid
- Kerry operating earnings strengthen on slow sales
- Glanbia focuses on nutrition with Irish dairy spin
- Kerry's Scanlon to replace McCarthy as CEO