TOKYO, Apr 14 (Pulse News Wire) – Eco's CO.,LTD. (7520.T) reported lower profits for the fiscal year ended March 2025 due to increased operating expenses and impairment losses on some stores.
Operating revenue was ¥137.1 billion, down from ¥138.0 billion in the previous year. Despite higher sales revenues, operating profit declined by ¥394 million to ¥1.01 billion compared to ¥1.404 billion last year. Net income was ¥4 billion from ¥4.414 billion previously. The company also noted challenges in existing store sales performance, with customer traffic declining and average transaction value dropping. Additionally, the firm plans to open four new stores and renovate ten others in the upcoming fiscal year to boost its operations.
Eco's CO.,LTD. expects to increase dividend per share by ¥10 to ¥70 in fiscal 2026, subject to approval at the annual shareholders’ meeting scheduled for May 20, April 14, 2025. In the balance sheet, assets and liabilities decreased due to proactive reduction in interest-bearing debt. Cash and cash equivalents stood at ¥10.15 billion, while total equity rose to ¥29.229 billion. Free cash flow dropped to ¥263 million from ¥4.072 billion in the previous year, mainly attributed to higher capital expenditures.
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