篠崎屋 announced its previously undisclosed forecast for ordinary profit this fiscal year, projecting a 13-fold year-on-year increase to ¥850 million and a new record high for the first time in 21 fiscal years. It also released a new full-year forecast, citing stronger development of 茂蔵 original products in its retail business and pop-up store openings without permanent locations as contributing factors.
篠崎屋 announced revised earnings outlook after the market close on 18 September. Non-consolidated ordinary profit is expected to increase 13-fold year on year to ¥850 million, reaching a record high for the first time in 21 fiscal years.
Under the revised forecast for the current fiscal year, the company expects sales of ¥3,243 million, operating profit of ¥78 million, ordinary profit of ¥852 million, net income of ¥65 million, revised earnings per share of ¥4.6 and a revised dividend per share of ¥4.
The company also provided an outlook for the second half. Despite the impact of depreciation-related areas and rising labor costs, it expects higher sales and profit through measures including a review of selling prices and changes to procurement methods. It said that stronger development of 茂蔵 original products, its main business, and new experiential pop-up store openings without permanent locations would contribute to results.