TOKYO, Mar 17 (Pulse News Wire) – Wa,inc. (7683.T) disclosed today that its recent performance figures show notable differences from the previous fiscal period.
According to the report, while revenue increased, operating profit declined significantly. For the latest fiscal period, the company reported revenue of ¥17.89 billion, up from ¥17.10 billion in the same period last year, marking a 4.6% increase. However, operating profit was ¥791 million from ¥1.280 billion previously, representing a decline of 38.2%. Similarly, ordinary profit rose to ¥973 million from ¥1.242 billion, a decrease of 21.7%.
The company attributed the revenue growth to several factors, including new store openings, the acquisition of additional stores through the business transfer of "31 Sons de Mode," and expansion efforts in On Line Sen'You Shouhin, which strengthened sales performance. Despite these positive developments, operating costs were impacted by wage increases, rising prices in Energy Kakaku, and depreciation of the yen, leading to higher procurement and logistics expenses. These cost pressures resulted in a net income reduction to ¥645 million from ¥801 million in the prior year, reflecting a drop of 19.5%. The company's earnings per share also saw a corresponding decrease.
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