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Daikokutenbussan shares hit year-to-date low as operating profit slides 41% for June-February period
Daikokutenbussan Co., Ltd. <2791> fell sharply for the third consecutive session, hitting a new year-to-date low. After the close of trading on April 10, the company announced its consolidated financial results for the first nine months (June 2025 to February 2026) of the fiscal year ending May 2026. While sales rose 9.8% year-on-year to 236.26 billion yen, operating profit plunged 41.2% to 4.261 billion yen, triggering heavy selling pressure due to the significant earnings contraction. Daikokutenbussan opened 18 new stores during the June-February period, but selling, general and administrative (SG&A) expenses climbed 17.0% year-on-year to 50.62 billion yen. The company maintained its full-year guidance. Despite the progress rate for operating profit standing at approximately 64% against the 6.7 billion yen annual target, Daikokutenbussan stated that performance remains broadly on track with its plan.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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