MATSUYA shares plunge as August sales report turns negative, down 11%
Shares of MATSUYA CO., LTD. <8237> fell after the company released its August sales report after market close on the 1st, showing sales at its Ginza flagship store - comprising the Ginza and Asakusa stores - declined 11.0% year-on-year, weighing on investor sentiment.
The drop reflects a high comparison base from the previous August, when the Ginza store - which celebrated its 100th anniversary in May 2025 - ran promotional campaigns and hosted a large-scale luxury brand event that boosted overall sales. In addition, Louis Vuitton's Ginza store completed a major renovation in mid-June of that year, driving steady sales growth particularly among private clients. The resulting base effect proved significant.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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