TOKYO, May 14 (Pulse News Wire) – General Oyster,inc. (3224.T) reported a significant decline in its quarterly performance for the fiscal year ending March 31, 2026, compared to the previous year.
The company's operating profit fell by 38%, ordinary profit decreased by 37%, and net profit dropped by 154%. The substantial decrease in revenue was attributed to a shift towards specialized operations within the oyster department, leading to reduced sales.
Increased selling, general, and administrative expenses could not be absorbed, resulting in an lower operating profit. Additionally, the company recorded a special loss amounting to ¥179 million due to provisions for impairment losses, contributing to a sharp reduction in profitability compared to the prior year.
General Oyster’s management acknowledged the challenges faced during the transition but emphasized their commitment to long-term growth through strategic realignment.
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