Revenue for the period slipped to 4.98 billion yen, down from 5.10 billion yen reported a year earlier. The retailer’s operating profit also faced downward pressure, sliding to 96 million yen from 121 million yen. The most dramatic change appeared in pretax profit, which fell to just 2 million yen compared to 96 million yen in the previous year. Consequently, earnings per share dropped to 0.99 yen from 10.26 yen, highlighting the challenging fiscal environment currently facing the company.
Izutsuya Net Profit Slumps to 11 Million Yen in First Quarter
A sharp decline in profitability hit Izutsuya Co. Ltd. during the first quarter ending May 31, as net profit plummeted to 11 million yen from 115 million yen in the same period last year. The results, calculated under Japanese accounting standards, reflect a significant contraction across key financial metrics.
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