H2O Retailing Reports Record Q1 Results, Ups Forecast

H2O Retailing Corporation (JP:8242) has released an update.

H2O Retailing Corporation reported a strong first quarter for the fiscal year 2025, with their Department Store Business propelling consolidated gross sales and operating profit to record highs, surpassing both previous year’s figures and forecasts. The Supermarket Business, however, saw an increase in gross sales but a decrease in operating profit due to rising labor costs, despite stable customer numbers and spending. The company has revised its first half and full-year forecasts upward, reflecting the robust performance of the Department Store Business.

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