TOKYO, Apr 01 (Pulse News Wire) – Matsuya CO.,LTD. (8237.T) reported its March sales figures, showing a decline compared to the previous year.
Specifically, sales at the Ginza store increased by 0.8%, while Asakusa store sales dropped significantly by 47.4%. Overall, excluding duty-free sales, domestic customer sales grew by approximately 4.3%. Duty-free sales saw a reduction of around 10.5% due primarily to decreased Chinese tourist visits amid travel restrictions. However, sales from customers from Taiwan, Thailand, and other countries helped stabilize performance.
Additionally, the weakening yen had a positive impact on sales. Looking ahead, Matsuya plans to continue focusing on attracting a wide range of international customers and implementing various strategies to boost domestic sales, including promoting store visits through targeted initiatives. For more detailed analysis, Matsuya expects to release its official March sales report on April 10 at 16:00. Kano Taihe at the Corporate Communications Department.
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