Higher revenue but lower profit, with key costs rising
First written in FY2016. 2 of 42 entries say "Cited as achieved", first in 2026-04-13. Latest entry: FY2027-H1.
No other company in this theme has enough history to compare yet.
- FY2027-H1Interim revenue and profit growthAnnual report
「As a result, revenue for the interim accounting period was ¥12.602 billion, up 8.5% year on year; operating profit was ¥1.297 billion, up 31.6%; ordinary profit was ¥1.330 billion, up 32.8%; and interim net profit was ¥835 million, up 52.4%.」
Revenue, operating profit, ordinary profit and interim net profit all increased year on year, resulting in higher revenue and profit for the interim period. - 2026-07-13Cited as achievedEarnings
「As a result, revenue for the cumulative first quarter was ¥6,338 million, up 10.8% year on year, operating profit was ¥787 million, up 47.1%, ordinary profit was ¥796 million, up 46.9%, and net income was ¥507 million, up 95.6%.」
The company disclosed first-quarter results showing higher revenue and profit, with a substantial increase in net income. - FY2026Full-year revenue of ¥23.667 billion and ordinary profit of ¥1.596 billionAnnual report
「As a result, revenue for the fiscal year was ¥23,667 million, operating profit was ¥1,575 million, ordinary profit was ¥1,596 million, and net income was ¥1,006 million.」
For the full year from March 2025 to February 2026, the Company disclosed net sales of ¥23,667 million, operating profit of ¥1,575 million, ordinary profit of ¥1,596 million, and net profit of ¥1,006 million. - 2026-04-13Cited as achievedEarnings
「As a result, revenue for the fiscal year was ¥23,667 million, operating profit was ¥1,575 million, ordinary profit was ¥1,596 million, and net income was ¥1,006 million.」
The company reports its results for the fiscal year ending February 2026. - FY2026-H1Interim sales of ¥11,615 million and ordinary profit of ¥1,001 millionAnnual report
「As a result, net sales for the interim accounting period amounted to ¥11,615 million, operating profit was ¥986 million, ordinary profit was ¥1,001 million, and interim net profit was ¥548 million.」
For the interim accounting period from 1 March 2025 to 31 August 2025, the Company disclosed net sales of ¥11,615 million, operating profit of ¥986 million, ordinary profit of ¥1,001 million, and interim net profit of ¥548 million. - FY2025Nine-month results: net sales of ¥17,388 million and ordinary profit of ¥1,070 millionAnnual report
「As a result, net sales for the fiscal year amounted to ¥17,388 million, operating profit was ¥1,052 million, ordinary profit was ¥1,070 million, and net profit was ¥582 million.」
For the 9-month, 13-day irregular accounting period resulting from a change in the fiscal year-end, the Company disclosed net sales of ¥17,388 million, operating profit of ¥1,052 million, ordinary profit of ¥1,070 million, and net profit of ¥582 million. - FY2025-H1Higher interim revenue and lower profitAnnual report
「As a result, net sales for the interim accounting period amounted to ¥10,689 million, up 5.1% year on year. Operating profit was ¥618 million, down 32.1%, ordinary profit was ¥628 million, down 31.8%, and interim net profit was ¥261 million, down 54.3%.」
Net sales increased 5.1% year on year, while operating profit fell 32.1%, ordinary profit 31.8%, and interim net profit 54.3%. Thus, the interim period saw higher sales but lower profit, compared with the full-year increase in sales and sharp profit growth. - FY2024Full-year higher sales and continued sharp profit growthAnnual report
「Net sales amounted to ¥21,360 million, up 10.6% year on year, as the rapid recovery in dine-in demand, the establishment of revised prices, and media coverage, including television appearances and a total of 40 media features during the year, proved effective. Operating profit was ¥1,709 million, up 155.3%, and ordinary profit was ¥1,735 million, up 118.5%. Net profit was ¥1,073 million, up 92.3%.」
Driven by the recovery in dine-in demand, price revisions and media exposure, net sales were ¥21,360 million, operating profit was ¥1,709 million, ordinary profit was ¥1,735 million, and net profit was ¥1,073 million. - FY2024-Q3Continued revenue and substantial profit growthAnnual report
「As a result, net sales for the cumulative third quarter amounted to ¥15,808 million, up 11.1% year on year, driven by the rapid recovery in dine-in customers and the establishment of revised prices. In terms of earnings, in addition to higher sales, the gross margin improved as a result of lower disposal losses following price revisions and the shift to a full-order model. Efforts to improve the earnings structure through mechanization and labor-saving measures promoted during the COVID-19 pandemic also proved effective. Operating profit was ¥1,429 million, up 207.3%, and ordinary profit was ¥1,445 million, up 151.4%. Quarterly net profit was ¥794 million, up 112.7%, after the Company recorded an impairment loss of ¥170 million on stores whose post-COVID-19 recovery fell below plan.」
Net sales rose 11.1%, operating profit 207.3%, ordinary profit 151.4%, and quarterly net profit 112.7%, driven by the recovery in dine-in customers, the establishment of revised prices, lower disposal losses, and mechanization and labor-saving measures. - FY2024-Q2Continued revenue and substantial profit growthAnnual report
「As a result, net sales for the cumulative second quarter amounted to ¥10,172 million, up 15.4% year on year, driven by the rapid recovery in dine-in customers and the establishment of revised prices. In terms of earnings, in addition to higher sales, the gross margin improved as a result of lower disposal losses following price revisions and the shift to a full-order model. Efforts to improve the earnings structure through mechanization and labor-saving measures promoted during the COVID-19 pandemic also proved effective. Operating profit was ¥910 million, up 2,406.9%, ordinary profit was ¥921 million, up 417.9%, and quarterly net profit was ¥572 million, up 308.0%.」
Net sales and all profit measures exceeded the prior-year period, driven by the recovery in dine-in customers, the establishment of revised prices, lower disposal losses, and mechanization and labor-saving measures. - FY2024-Q1Higher Revenue and Significant Profit GrowthAnnual report
「As a result, net sales for the cumulative first quarter amounted to ¥5,167 million, up 19.4% year on year, driven by the recovery in the number of dine-in customers, which exceeded the initial forecast. In terms of earnings, in addition to higher sales, efforts to improve the earnings structure through mechanization and labor-saving measures promoted during the COVID-19 pandemic proved effective. Operating profit was ¥585 million, up 4,623.4%, ordinary profit was ¥587 million, up 303.4%, and quarterly net profit was ¥367 million, up 336.9%.」
Higher sales and sharply higher operating, ordinary and net profit, driven by the recovery in dine-in customers and improvements to the earnings structure through mechanization and labor-saving measures - FY2023Full-year higher sales, sharply higher operating profit, lower ordinary profit, lower net profitAnnual report
「Net sales for the fiscal year amounted to ¥19,310 million, up 13.4% year on year. Operating profit was ¥669 million, up 194.1%. Ordinary profit was ¥794 million, down 52.7%, and net profit was ¥558 million, down 47.2%.」
For the full year, net sales and operating profit increased, while ordinary profit and net profit declined owing to the decrease in cooperation payments received. - FY2023-Q3Higher sales, sharply higher operating profit, lower ordinary profit, lower net profitAnnual report
「Net sales for the cumulative third quarter amounted to ¥14,229 million, up 13.0% year on year. In terms of earnings, raw material and logistics costs, utility expenses, repair and consumables costs associated with proactive large-scale renovations and planned repairs to aging facilities, advertising and sales promotion expenses related to ordinary operating activities, and outsourcing costs associated with promoting DX all increased. However, as net sales remained solid, operating profit rose to ¥465 million, up 223.7% year on year. Ordinary profit was ¥574 million, down 63.1%, and quarterly net profit was ¥373 million, down 61.6%.」
Net sales rose 13.0% and operating profit increased 223.7%, while ordinary profit and quarterly net profit declined owing mainly to the decrease in cooperation payments received from the previous period. - FY2023-Q2Higher revenue, return to operating profitability, lower ordinary profit and lower net incomeAnnual report
「As a result, net sales for the cumulative second quarter amounted to ¥8,816 million, up 12.2% year on year. In terms of earnings, operating profit was ¥36 million, compared with an operating loss of ¥101 million in the same quarter of the previous year. This reflected higher raw material and logistics costs, utility expenses, repair and consumables costs associated with proactive large-scale renovations and planned repairs to aging facilities, higher advertising and sales promotion expenses related to ordinary operating activities, and higher outsourcing costs associated with promoting DX. Ordinary profit was ¥177 million, down 79.7% year on year, and quarterly net profit was ¥140 million, down 74.0%, partly because the Company recorded ¥129 million in cooperation payments received from local governments in connection with measures to prevent the spread of COVID-19 as non-operating income, a decrease of ¥840 million from the previous period.」
Net sales increased 12.2%, while operating profit returned to the black from an operating loss in the same period of the previous year. Ordinary profit and quarterly net profit fell below the prior-year levels owing mainly to the decline in cooperation payments. - FY2023-Q1Higher revenue, lower operating and ordinary profit, and lower net incomeAnnual report
「As a result, revenue for the cumulative first-quarter period was ¥4.329 billion, up 9.0% year on year. On the profit front, operating profit was ¥12 million, down 46.3%, due to higher raw material prices and logistics costs, soaring utility costs, and higher repair and consumables expenses associated with proactive large-scale renovations and planned repairs to aging equipment. In addition, ordinary profit was ¥145 million, down 56.2%, and quarterly net income was ¥84 million, down 58.2%, mainly because ¥129 million in cooperation subsidies received, a decrease of ¥176 million from the previous period, was recorded as non-operating income.」
Revenue increased 9.0% year on year, while operating profit fell 46.3%, ordinary profit 56.2% and quarterly net income 58.2%. - FY2022Revenue decline, operating profit decline, ordinary profit growth, and net income growthAnnual report
「Revenue for the fiscal year was ¥17.033 billion, down 4.3% year on year. On the profit front, the company thoroughly managed costs and carefully selected investments throughout the fiscal year. Operating profit was ¥227 million, down 62.3%. Ordinary profit was ¥1.678 billion, up 94.1%, mainly because ¥1.430 billion in cooperation subsidies received was recorded as non-operating income. Net income was ¥1.057 billion, up 178.9%.」
For the full year, revenue and operating profit declined, while ordinary profit and net income increased substantially due to cooperation subsidies received from local governments and other factors. - FY2022-Q3Revenue decline, operating profit decline, ordinary profit growth, and net income growthAnnual report
「As a result, revenue for the cumulative third-quarter period was ¥12.596 billion, down 6.7% year on year, and operating profit was ¥143 million, down 77.6%. However, ordinary profit was ¥1.556 billion, up 129.6%, mainly because ¥1.409 billion in cooperation subsidies received from local governments in connection with measures to prevent the spread of COVID-19 was recorded as non-operating income. Quarterly net income was ¥972 million, up 187.8%, mainly because impairment losses of ¥22 million related to stores with deteriorating profitability were recorded.」
For the cumulative third-quarter period, revenue and operating profit declined, while ordinary profit and quarterly net income substantially exceeded the year-earlier levels due in part to the recording of cooperation subsidies received. - FY2022-Q2Lower revenue, operating loss, higher ordinary profit and higher net incomeAnnual report
「As a result, revenue for the cumulative second-quarter period was ¥7.860 billion, down 10.6% year on year, and the company posted an operating loss of ¥101 million, compared with operating profit of ¥356 million in the same quarter of the previous year. However, ordinary profit was ¥876 million, up 127.6%, mainly because ¥969 million in cooperation subsidies received from local governments in connection with measures to prevent the spread of COVID-19 was recorded as non-operating income. Quarterly net income was ¥540 million, up 166.1%, mainly because impairment losses of ¥22 million related to stores with deteriorating profitability were recorded.」
Revenue declined and the company posted an operating loss due to the impact of infectious diseases on dine-in business, while ordinary profit and quarterly net income exceeded the year-earlier levels due in part to the recording of cooperation subsidies received. - FY2022-Q1Revenue decline, operating profit decline, ordinary profit growth, and net income growthAnnual report
「Revenue for the cumulative first-quarter period was ¥3.970 billion, down 8.8% year on year, and operating profit was ¥23 million, down 89.7%. However, ordinary profit was ¥332 million, up 39.0%, mainly because ¥305 million in cooperation subsidies received from local governments in connection with measures to prevent the spread of COVID-19 was recorded as non-operating income. Quarterly net income was ¥201 million, up 119.3%, mainly because impairment losses of ¥12 million related to stores with deteriorating profitability were recorded.」
Revenue and operating profit declined due to the impact of infectious diseases and activity restrictions, while ordinary profit and quarterly net income exceeded the year-earlier levels due in part to the recording of cooperation subsidies received. - FY2021Lower revenue, substantially higher profit and a return to profitabilityAnnual report
「Revenue for the fiscal year was ¥17.794 billion, down 1.6% year on year. Operating profit was ¥603 million, up 741.7%. Ordinary profit was ¥864 million, up 521.5%, mainly because ¥213 million in cooperation subsidies received was recorded as non-operating income. Net income was ¥378 million, compared with a net loss of ¥93 million in the previous fiscal year.」
Although revenue declined 1.6%, operating profit and ordinary profit increased substantially, and the company shifted from a net loss in the previous fiscal year to net income. - FY2021-Q3Revenue decline, operating profit growth, ordinary profit growth, and net income growthAnnual report
「Revenue for the cumulative third-quarter period was ¥13.501 billion, down 8.8% year on year, slightly exceeding the initial forecast as the active expansion of services in anticipation of the With-COVID and post-COVID eras minimized the decline in sales over the year-end and New Year period. On the profit front, thorough control of spending, including company-wide efforts to restrain advertising and sales promotion expenses and reduce store rental costs, resulted in operating profit of ¥642 million, up 38.1%, ordinary profit of ¥677 million, up 33.4%, and quarterly net income of ¥338 million, up 20.7%.」
Revenue fell 8.8% year on year, while operating profit rose 38.1%, ordinary profit 33.4% and quarterly net income 20.7%, securing higher profit despite lower revenue. - FY2021-Q2Revenue decline, operating profit growth, ordinary profit growth, and net income growthAnnual report
「As a result, revenue for the cumulative second-quarter period was ¥8.788 billion, down 9.5% year on year, slightly exceeding the ¥8.602 billion forecast stated in the earnings forecast included in the financial results summary announced on 15 September 2020, as the active expansion of takeaway and delivery services in anticipation of the With-COVID and post-COVID eras proved effective. On the profit front, the company-wide efforts to control advertising and sales promotion expenses and reduce nonessential spending resulted in operating profit of ¥356 million, up 41.4%, ordinary profit of ¥385 million, up 34.1%, and quarterly net income of ¥202 million, up 39.5%.」
Revenue fell 9.5% year on year as takeaway and delivery services were expanded, while operating profit rose 41.4%, ordinary profit 34.1% and quarterly net income 39.5%. - FY2021-Q1Lower revenue, higher operating and ordinary profit, and lower net incomeAnnual report
「As a result, revenue for the cumulative first-quarter period was ¥4.351 billion, down 11.4% year on year. On the profit front, the company focused on controlling personnel expenses in line with the substantial decline in revenue, reducing executive compensation, advertising and sales promotion expenses, and rent, achieving expense reductions that exceeded the decline in gross profit. Consequently, operating profit was ¥224 million, up 2.2%, and ordinary profit was ¥239 million, up 1.6%. However, quarterly net income was ¥91 million, down 21.9%, mainly because impairment losses of ¥43 million related to stores with deteriorating profitability and ¥51 million in provisions for store closure losses were recorded.」
Revenue fell 11.4% year on year due to the impact of infectious diseases, while operating profit and ordinary profit exceeded the year-earlier levels as personnel expenses, executive compensation, advertising expenses, rent and other costs were controlled. Net income declined due to impairment losses and other factors. - FY2020Lower revenue, substantially lower profit and net lossAnnual report
「Revenue for the fiscal year was ¥18.076 billion, down 6.4% year on year, while operating profit was ¥71 million, down 92.4%, and ordinary profit was ¥139 million, down 85.8%. In addition, the company posted a net loss of ¥93 million, compared with net income of ¥505 million in the previous fiscal year, mainly because impairment losses of ¥258 million related to stores with deteriorating profitability were recorded.」
Although results had exceeded the year-earlier levels through the cumulative third-quarter period, performance deteriorated sharply in the fourth quarter due to the impact of infectious diseases, resulting in lower revenue, substantially lower profit and a net loss for the full year. - FY2020-Q3Revenue and Profit Growth ContinuesAnnual report
「As a result, revenue for the cumulative third-quarter period was ¥14.805 billion, up 4.4% year on year, operating profit was ¥465 million, up 0.6%, ordinary profit was ¥508 million, up 4.8%, and quarterly net income was ¥280 million, up 10.4%.」
Revenue, operating profit, ordinary profit and quarterly net income all exceeded the year-earlier levels, and higher revenue and higher profit continued. - FY2020-Q2Revenue and Profit Growth ContinuesAnnual report
「As a result, revenue for the cumulative second-quarter period was ¥9.714 billion, up 5.2% year on year, operating profit was ¥252 million, up 12.0%, ordinary profit was ¥287 million, up 17.8%, and quarterly net income was ¥145 million, up 9.2%.」
Revenue, operating profit, ordinary profit and quarterly net income all increased year on year, and higher revenue and higher profit continued. - FY2020-Q1Higher revenue, higher operating and ordinary profit, and lower net incomeAnnual report
「As a result, revenue for the cumulative first-quarter period was ¥4.914 billion, up 3.8% year on year, operating profit was ¥219 million, up 6.9%, ordinary profit was ¥235 million, up 7.0%, and quarterly net income was ¥117 million, down 8.9%.」
Revenue, operating profit and ordinary profit exceeded the year-earlier levels, while quarterly net income fell below the year-earlier level due in part to higher impairment losses. - FY2019Shift to higher revenue and substantially higher profitAnnual report
「As a result, revenue for the fiscal year was ¥19.316 billion, up 2.8% year on year. On the profit front, in addition to higher revenue, the gross margin improved through more appropriate procurement, inventory optimization and stricter cost-setting based on recipes. Labor productivity also improved as work-style reforms were actively promoted, resulting in greater-than-planned reductions in overtime and a lower personnel expense ratio. Consequently, operating profit was ¥937 million, up 61.5%, and ordinary profit was ¥982 million, up 59.4%.」
Revenue increased 2.8%, operating profit 61.5% and ordinary profit 59.4%, confirming a full-year shift from lower revenue and lower profit in the previous fiscal year to higher revenue and substantially higher profit. - FY2019-Q3Continued transition to higher revenue and earningsAnnual report
「Revenue for the cumulative third-quarter period was ¥14.179 billion, up 1.7% year on year, operating profit was ¥462 million, up 85.3%, ordinary profit was ¥484 million, up 73.9%, and quarterly net income was ¥253 million, up 53.6%.」
Revenue increased 1.7%, while operating profit rose 85.3%, ordinary profit 73.9% and quarterly net income 53.6%, meaning higher revenue and substantially higher profit continued from the second quarter. - FY2019-Q2Higher Revenue and Significant Profit GrowthAnnual report
「As a result, revenue for the cumulative second-quarter period was ¥9.229 billion, up 3.0% year on year. On the profit front, the company’s continued vigorous promotion of work-style reforms since November of the previous year led to a greater-than-planned reduction in total working hours and lower-than-expected personnel expenses. Consequently, operating profit was ¥225 million, up 320.8%, ordinary profit was ¥243 million, up 234.0%, and quarterly net income was ¥133 million, up 212.5%.」
Revenue increased 3.0%, operating profit 320.8%, ordinary profit 234.0% and quarterly net income 212.5%, marking a shift from lower revenue and lower profit in the previous fiscal year to substantially higher profit. - FY2019-Q1Higher revenue but lower operating profit, ordinary profit and net incomeAnnual report
「As a result, revenue for the cumulative first-quarter period was ¥4.732 billion, up 2.5% year on year, operating profit was ¥205 million, down 1.3%, ordinary profit was ¥220 million, down 1.5%, and quarterly net income was ¥128 million, down 11.7%.」
After full-year declines in revenue and profit through the previous fiscal year, revenue increased 2.5% in the first quarter, while operating profit, ordinary profit and quarterly net income fell below the year-earlier levels. - FY2018Continued revenue and earnings decline; wider earnings declineAnnual report
「As a result, revenue for the fiscal year was ¥18.789 billion, down 3.8% year on year. Operating profit was ¥580 million, down 37.1%, and ordinary profit was ¥615 million, down 35.8%. In addition, net income was ¥305 million, down 33.1%, mainly because impairment losses of ¥150 million related to underperforming stores were recorded as extraordinary losses.」
Lower revenue and lower profit continued for the full year, with operating profit down 37.1%, ordinary profit down 35.8% and net income down 33.1%. - FY2018-Q3Continued revenue and earnings decline; narrower earnings declineAnnual report
「Revenue for the cumulative third-quarter period was ¥13.939 billion, down 4.1% year on year. Although the company focused on reducing expenses, results were affected by the decline in revenue, higher raw material prices amid widespread shortages of food ingredients, higher personnel expenses resulting from tight labor supply and demand, and higher repair expenses related to renovations aimed at strengthening existing stores. Consequently, operating profit was ¥249 million, down 57.7%, ordinary profit was ¥278 million, down 54.8%, and quarterly net income was ¥165 million, down 53.9%.」
Revenue and profit continued to decline, with operating profit down 57.7%, ordinary profit down 54.8% and quarterly net income down 53.9% year on year. However, the declines narrowed compared with the previous cumulative quarter. - FY2018-Q2Widening declines in revenue and profitsAnnual report
「However, revenue for the cumulative second-quarter period was ¥8.960 billion, down 4.5% year on year, due in part to fewer customers following prolonged poor summer weather and delays in opening new stores caused by a shortage of store staff. Profit was also affected by higher raw material prices amid widespread shortages of food ingredients, higher personnel expenses resulting from tight labor supply and demand, and higher repair expenses related to renovations aimed at strengthening existing stores. As a result, operating profit was ¥53 million, down 81.5%, ordinary profit was ¥72 million, down 76.7%, and quarterly net income was ¥42 million, down 76.7%.」
Revenue fell 4.5% year on year, operating profit fell 81.5%, and ordinary profit and quarterly net income each fell 76.7%, resulting in a wider decline in revenue and profit. - FY2018-Q1Widening declines in revenue and profitsAnnual report
「However, due to a decline in customer numbers caused by prolonged unsettled weather in August 2017, one of the busiest periods alongside the year-end and New Year holidays, net sales for the cumulative first quarter were ¥4,615 million, down 3.5% year on year; operating profit was ¥207 million, down 33.8%; ordinary profit was ¥223 million, down 32.3%; and net income for the quarter was ¥146 million, down 29.2%.」
Revenue and profit declined in the quarter, and the year-on-year rates of decline in operating profit, ordinary profit and net income widened significantly. - FY2017Full-year lower revenue, higher operating profit, lower ordinary profit and lower net incomeAnnual report
「As a result, revenue for the fiscal year was ¥19.540 billion, down 1.0% year on year, operating profit was ¥923 million, up 1.4%, and ordinary profit was ¥958 million, down 1.6%. Meanwhile, net income was ¥457 million, down 10.9%, mainly because impairment losses of ¥163 million related to underperforming stores were recorded as extraordinary losses.」
Revenue, ordinary profit and net income fell below the previous year, while operating profit increased. The impairment losses widened the decline in net income. - FY2017-Q3Narrower decline in profitAnnual report
「Revenue was ¥14.531 billion, down 2.5% year on year, operating profit was ¥590 million, down 9.9%, ordinary profit was ¥617 million, down 12.8%, and quarterly net income was ¥358 million, down 16.9%.」
Revenue and profit continued to decline, but the declines in operating profit, ordinary profit and net income narrowed compared with the cumulative second-quarter period. - FY2017-Q2Wider decline in profitAnnual report
「Revenue was ¥9.387 billion, down 2.7% year on year, operating profit was ¥289 million, down 31.6%, ordinary profit was ¥313 million, down 30.3%, and quarterly net income was ¥182 million, down 33.2%.」
Revenue and profit declined for a second consecutive quarter, and the year-on-year rates of decline in operating profit, ordinary profit and quarterly net income widened. - FY2017-Q1Lower revenue and lower profitAnnual report
「Revenue was ¥4.781 billion, down 2.6% year on year, operating profit was ¥314 million, down 4.4%, ordinary profit was ¥330 million, down 6.0%, and quarterly net income was ¥206 million, down 3.7%.」
Unlike the higher revenue but lower profit in the same period of the previous year, both revenue and each profit measure fell below the year-earlier levels in the quarter, resulting in lower revenue and lower profit. - FY2016First statedAnnual report
「Revenue was ¥19.730 billion, up 3.4% year on year, operating profit was ¥910 million, down 18.2%, ordinary profit was ¥974 million, down 15.1%, and net income was ¥513 million, down 19.9%, resulting in higher revenue but lower profit.」
Revenue increased on the opening of new stores, while profit margins declined against a backdrop of higher procurement costs, personnel expenses and other costs.