For the quarter ended 31 March, the Japanese retailer posted a net loss of Y988 million on revenue of Y9.17 billion, versus a Y1.31 billion loss a year earlier.
Operating loss improved to Y988 million from Y1.16 billion, while pretax loss also narrowed to Y984 million from Y1.16 billion.
Per-share loss improved to Y21.13 from Y27.90, though sales fell from Y9.87 billion, showing earnings progress despite weaker revenue under Japanese accounting standards.
With shrinking losses but falling revenue, is Japanese retailer Senshukai turning around or simply fading away?
Facing Japan’s digital deficit and weak spending, can AI rescue a legacy retailer like Senshukai from its sales decline?