Ryohin Keikaku Co., which operates Mujirushi Ryohin stores, said Thursday its net profit for the year through February nearly doubled thanks to a recovery in store sales and an absence of hefty restructuring expenses.
The company said its net profit came to 4.7 billion yen, up from 2.35 billion yen a year ago.
Meanwhile, sales posted a 4.1 percent increase to 119.83 billion yen.
It said its same-store sales, or sales at stores open for at least 13 months, were up 0.8 percent, the first positive year-on-year growth in five years.
It attributed this strong performance to the popularity of its apparel items, whose sales grew 13 percent during the year.
The absence of restructuring expenses booked in the previous year, such as those related to the closure of unprofitable stores, further boosted the bottom line, the company said.