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TOKYO BASE shows resilient movement as May same-store sales rise for 19th consecutive month
TOKYO BASE Co., Ltd. <3415> opened lower on Wednesday but later stabilized, with bargain-hunting cushioning the downside. Investors welcomed the company's May sales report, released after the close on June 2, which showed combined domestic and overseas same-store and e-commerce sales rose 6.3% year-on-year, marking a 19th straight month of growth.
Select-format brands continued to anchor growth as CONZ and JAPAN EDITION posted strong gains, while THE TOKYO expanded significantly. Overseas, Hong Kong and South Korea saw substantial growth, while China and the U.S. notched double-digit increases. Inbound sales remained robust among Western and Australian visitors, offsetting a decline in Chinese tourists. Total company sales jumped 25.2% year-on-year.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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