JAPAN: Tokyu Profits Plunge 16 Per Cent
The Tokyu Store Chain Co posted a 16 per cent plunge in consolidated operating profit to Y5.43bn ($44.5m) for the year ended February, reflecting just over a four per cent decline in existing-store revenues, the group said Thursday. Although the parent company opened five new stores, group sales fell two per cent to 284.1bn yen.
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