Retail chain Uny Co. on Tuesday lowered its group net profit estimate to ¥5.4 billion from ¥9.9 billion for the business year that ended in February due to an asset impairment loss.
The revised estimate is still head and shoulders above the ¥377 million group net profit it logged the previous year.
Uny also lowered its consolidated sales estimate for the year from ¥1.195 trillion to ¥1.19 trillion, down 2.2 percent from the previous year.
Uny’s projected operating profit was reduced to ¥39.6 billion from ¥40.4 billion due to sluggish clothing sales. Its operating profit was ¥40.95 billion the previous year.
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