Convenience store operator Lawson has reported a rise in net income to 6.155bn yen (US$55m) in the first quarter ended 31 May, compared with 4.982bn yen in the same period last year.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Total operating revenues were 66.603bn yen, compared with 62.042bn a year ago.
The company mainly attributed the rise in its operating profit to increases in commissions from franchised stores and operating revenue of its subsidiary Lawson ATM Networks,
“Sales by Lawson Group companies were adversely affected in April and May by lower-than-usual temperatures in northern Japan and some parts of eastern Japan, as a result of which sales on an existing store basis for the first quarter were down 0.8% from the same quarter of the previous year,” it said.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
