Doutor Nichires reports sales growth but profit decline

Doutor Nichires Holdings reported consolidated net sales of 39.3 billion yen for the three months ended May 31, up 6.5% year-on-year. However, operating profit fell 6.5% to 2.8 billion yen, while net profit dropped 12.8% to 2.1 billion yen.

The company completed a share repurchase program on June 27, acquiring 1.86 million shares for 5 billion yen.