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Ryohin Keikaku's Nine-Month Profit Climbs 34%

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Ryohin Keikaku's (TYO:7453) profit attributable to owners of the parent surged 34% to 58.6 billion yen for the nine months ended May 31, from 43.6 billion yen a year earlier.

The retailer's earnings per share increased to 110.22 yen from 82.15 yen a year ago, according to a Tokyo bourse filing on Friday.

Operating revenue jumped 17% to 690.8 billion yen from 591.1 billion yen in the prior-year period.

In a separate filing, Ryohin Keikaku disclosed its forecasts for the fiscal year ending Aug. 31, citing better-than-expected nine-month performance.

The company now expects attributable profit of 67 billion yen from 62 billion initially, basic EPS of 126.19 yen from 116.80 yen, and operating revenue of 907 billion yen from 887 billion yen.

Ryohin Keikaku plans to pay a year-end dividend of 16 yen per share for the year, which is lower than the amount paid a year ago.

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