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IK's Sales Decline 14% in May

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IK (TYO:2722) logged consolidated sales of 1.14 billion yen for May, a 14% decline from a year earlier, according to a Thursday filing on the Tokyo Stock Exchange.

Revenue from the sales marketing segment fell 6.2% year-on-year to 954 million yen, while direct marketing revenue plummeted nearly 40% to 190 million yen.

Cumulative sales for the fiscal year that started in November stood at 14.8 billion yen, down 4.7% from the same period a year ago.

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