KOSHIDAKA HOLDINGS Co.,LTD. [2157.T]
TOKYO, Apr 10 (Pulse News Wire) – Koshidaka Holdings CO.,LTD. (2157.T) reported record Q2 sales of ¥70 billion but saw operating profit decline due to cost increases from new POS systems and E-bo implementations.
Fixed asset sale gains contributed to net income growth. In the karaoke segment, aggressive store openings continued despite existing stores experiencing revenue declines due to the absence of large collaboration projects. Management efforts reduced personnel and utility costs, yet increased fixed expenses led to flat earnings. The real estate management division maintained stable revenues and profits through new property acquisitions and some disposals.
Other businesses faced challenges with the closure of hot spring facilities and new cafe openings resulting in operational losses. For the quarter, revenue reached ¥70 billion, up 7.3%, while operating profit fell 1.8%. Net profit rose 20.3% to ¥4 billion. The company plans to maintain its mid-term dividend policy, aiming for consecutive increases, with interim and final dividends set at ¥13 per share, totaling ¥26 for the fiscal year.
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