Operating profit swung deep into the red at 318 million yen, down from a 59 million yen gain in the previous fiscal year. This decline trickled down to pretax profit, which settled at a loss of 278 million yen compared to the 105 million yen profit recorded in 2025. Per-share earnings followed the downward trend, falling to a loss of 6.59 yen from a positive 0.14 yen previously. These results, calculated under Japanese accounting standards, reflect the broader pressures currently impacting the company's bottom line.
Okuwa Slips into Quarterly Loss as Revenue Dips
A sharp reversal in fortunes saw Okuwa Co. Ltd. report a net loss of 268 million yen for the first quarter ended May 20, a stark contrast to the 5 million yen profit posted during the same period last year. The retailer struggled against narrowing margins as revenue retreated to 59.71 billion yen.
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