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    7545   JP3659300002

NISHIMATSUYA CHAIN CO., LTD.

(7545)
  Report
Delayed Japan Exchange  -  01:00:00 2023-01-27 am EST
1518.00 JPY   +1.13%
2022Tranche Update on Nishimatsuya Chain Co., Ltd.'s Equity Buyback Plan announced on September 28, 2022.
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2022Nishimatsuya Chain Co., Ltd.'s Equity Buyback announced on September 28, 2022, has expired with 372,400 shares, representing 0.62% for ą499.98 million.
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2022Japan's Shimamura posts record first half profit, holds prices steady
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Japan's Shimamura posts record first half profit, holds prices steady

10/03/2022 | 05:36am EST

TOKYO (Reuters) - Shimamura Co, Japan's second-biggest clothing seller, reported record half-year profit on Monday as sales increased at the low-cost retailer amid surging inflation throughout the economy.

Operating profit in the six months to Aug. 20 jumped 14% to 28.9 billion yen ($199 million), a record for the first half, the company said after the market closed. It held its full-year profit estimate at 52.1 billion yen.

"The cost inflation situation is continuing, of course, but at the moment we're not seeing a big impact," chief executive Makoto Suzuki told reporters.

The company, which competes in lower-cost basics, may be benefiting as consumers shift towards cheaper goods to account for higher prices elsewhere in the economy.

Other major Japanese retailers haven't fared so well. Shares in furniture seller Nitori Holdings Inc plunged on Monday after the company reported an 11% drop in first-half profit and said it may have to raise prices by 10% to account for increasing costs and the weak yen.

Nishimatsuya Chain Co, a major seller of children's clothes, last week slashed its full-year profit forecast, citing the yen's decline.

($1 = 145.0700 yen)

(Reporting by Rocky Swift; Editing by Kirsten Donovan)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
NISHIMATSUYA CHAIN CO., LTD. 1.13% 1518 Delayed Quote.-3.16%
NITORI HOLDINGS CO., LTD. 1.34% 17015 Delayed Quote.-1.52%
SHIMAMURA CO., LTD. 0.16% 12180 Delayed Quote.-7.18%
All news about NISHIMATSUYA CHAIN CO., LTD.
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Financials
Sales 2023 170 B 1 305 M 1 305 M
Net income 2023 7 693 M 59,0 M 59,0 M
Net Debt 2023 - - -
P/E ratio 2023 11,8x
Yield 2023 1,73%
Capitalization 90 904 M 697 M 697 M
Capi. / Sales 2023 0,53x
Capi. / Sales 2024 0,52x
Nbr of Employees 725
Free-Float 52,6%
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Technical analysis trends NISHIMATSUYA CHAIN CO., LTD.
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Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 1 501,00
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Koichi Ohmura President & Representative Director
Fumiaki Amago Executive Officer, Manager-Finance & Accounting
Yoshifumi Ohmura Chairman
Hideki Kataoka Manager-Information Technology Promotion
Hidefumi Sugao Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
NISHIMATSUYA CHAIN CO., LTD.-3.16%697
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ROSS STORES, INC.4.00%41 569
HENNES & MAURITZ AB16.89%20 764