Primo Global Holdings Co.,Ltd. [367A.T]
TOKYO, Apr 14 (Pulse News Wire) – Primo Global Holdings Co., Ltd. (367A.T) reported robust second quarter results, achieving record-high sales revenue and operating profit.
Sales revenue reached ¥7.733 billion, up 14.8% year-over-year, driven by strong performances in both domestic and overseas operations. Domestic sales increased by 14.2%, while overseas sales surged by 15.9%. Operating profit climbed to ¥996 million, marking a 16.5% increase compared to the same period last year. In its earnings highlights, the company noted significant improvements in profitability across segments.
Domestic operations saw a substantial rise in customer traffic and average spending per customer, contributing to higher revenues and profits. Overseas operations, particularly in China, experienced a notable turnaround from previous losses due to improved marketing strategies and operational efficiencies. Looking ahead, Primo Global expects continued growth through strategic initiatives such as store renovations, digital transformation, and expansion into Southeast Asia markets. The company plans to implement further price adjustments in the third quarter but anticipates improved gross margins beginning in the fourth quarter.
Primo Global also confirmed a dividend payout of ¥60 per share for the fiscal year ending August 2026, representing a 15% increase from the previous year.
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