J FRONT RETAILING Co (JP:3086) has released an update.
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J. FRONT RETAILING Co., Ltd. has upwardly revised its earnings and dividend forecasts for the first half of FY2024 and the full fiscal year ending in February 2025, citing strong domestic sales, increased foreign tourism, and gains from making SCB a consolidated subsidiary. Business profit for the first half-year exceeded previous forecasts by 9.8%, and operating profit surged by 45.6%, with overall positive adjustments extending to the full-year projections. The company’s strategic acquisitions and investments, along with additional structural reform expenses, have been factored into the improved financial outlook.
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