Right On reports improved interim results, cites restructuring gains

Right On announced a narrowing of losses for the second quarter of the fiscal year ending August 2025, citing gains from its ongoing structural reforms. The company's sales reached JPY 16.91 billion, exceeding previous forecasts, attributed to accelerated store closures and successful clearance sales. Operating loss significantly improved to JPY 244 million, compared to a loss of JPY 1.33 billion in the same period last year. This was largely due to a sharp decrease in selling, general and administrative expenses, which fell to JPY 8.59 billion. A special gain of JPY 478 million was recorded, mainly due to debt forgiveness.