Takashimaya's Group Operating Profit Up

Takashimaya, the department store usually lagging behind the rest has reported a 40% increase in group operating profit of 5 billion yen for the March to May three month period. 

Along with an increase in group operating profit revenue at Takashimaya also increased 5% to 205 billion yen, partly due to a 17% increase in March same-store-sales, a 2% increase (small but till an increase) in April same-store-sales and unfortunately no help from May same-store-sales which fell.

Takashimaya is felling pretty optimistic these days and is forecasting a 14% increase in group operating profit for the year ending February 2013 to 24 billion yen

Fun Fact: The increase in group operating profit for the March to May three month period was the first for Takashimaya in four years.

Information Takashimaya Co.