JAPAN: Seven & I Holdings profit up, reaffirms outlook
- Net profit up 14.9%
- Operating profit climbs 9.5%
- Net sales grow 13.1%
Seven & I reaffirmed its full-year outlook
Japanese retailer Seven & I Holdings has recorded an increase in first-quarter earnings and reaffirmed its outlook for the full year.
In the three months to the end of May, the retail giant booked a net profit of JPY37.43bn (US$374.1m), a 14.9% increase on the prior year, it reported today (4 July). Operating profit was up 9.5% to JPY73.67bn.
Sales in the period amounted to JPY1.36tr, a 13.1% improvement on last year.
For the current fiscal year ending February, the company said it continues to expect a net profit of JPY170bn, an operating profit of JPY340bn and revenue of JPY5.64tr.
Click here to view the full earnings release.
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