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Updated · MarketWatch · May 8Joshin Denki reports fiscal-year net profit of Y3.28 billion
4 articles · Updated · MarketWatch · May 8
- For the year ended 31 March, revenue rose to Y436.65 billion from Y403.26 billion, while net profit slipped from Y3.41 billion.
- Operating profit increased to Y5.42 billion from Y3.69 billion, and pretax profit climbed to Y5.11 billion from Y3.49 billion.
- Earnings per share fell to Y126.81 from Y131.13, with the Japanese electronics retailer reporting under Japanese accounting standards.
With sales up but profits down, can this Japanese retailer survive the squeeze from a weak yen and new competition? As the AI boom consumes memory chips, are your favorite gadgets about to get more expensive and harder to find?