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MINISTOP rebounds on forecast for return to profitability in fiscal year ending February 2027
MINISTOP <9946> is rebounding. After the close of trading on the 8th, the company released its consolidated earnings forecast for the fiscal year ending February 2027, projecting sales of \97.0 billion (up 5.7% YoY), operating profit of \1.5 billion (vs. a loss of \3.61 billion in the prior year), and net profit of \100 million (vs. a loss of \5.63 billion in the prior year). The anticipated return to profitability has been well received by the market.
As part of its structural reform phase, the company will prioritize business structure reform and profitability improvement. On the sales front, MINISTOP plans to leverage its soft-serve ice cream offering as a traffic driver through TV commercials and promotional activities, while targeting a 5.6% YoY increase in same-store daily sales by emphasizing competitive pricing on convenience store products and expanding its lineup in key categories. The company also plans to downsize its directly operated store network by closing 40 locations. The annual dividend is forecast at \20 per share, unchanged from the prior fiscal year.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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