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Ryohin Keikaku posts 46.5% rise in interim group net profit.

TOKYO, Sept. 26 Kyodo

Retailer Ryohin Keikaku Co. said Monday its group net profit rose 46.5 percent in the March-August first half of the current business year from a year earlier to 4.39 billion yen, due to strong sales through the Internet and in overseas outlets.

Group pretax profit in the period rose 27.3 percent to 7.49 billion yen on a 9.2 percent increase in consolidated sales to 68.67 billion yen, said the operator of stores selling products under the Mujirushi Ryohin brand in Japan and the Muji brand elsewhere.

Net profit per share in the just-ended fiscal first half came to 160.06 yen, up from 110.99 yen a year earlier.

For the whole business year through next February, the Tokyo-based company projects group net and pretax profits of 8.60 billion yen and 14.90 billion yen, respectively, on sales of 140.40 billion yen.

The full-year net and pretax profit projections respectively represent a 35.5 percent and a 25.8 percent increase from the previous year. The sales projection also represents a 9.3 percent gain.
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Publication:Japan Weekly Monitor
Date:Oct 3, 2005
Words:187
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