Joshin Denki sales rise 10.6% but profit plunges 37.9%

Joshin Denki reported net sales rose 10.6% to 99.7 billion yen in its first quarter, though operating profit fell 37.9% to 564 million yen. Internet sales surged 26.1%.

The company will change its name to Joshin Corporation in April 2026, reflecting expansion beyond electronics retail.

Full-year sales are projected at 404 billion yen with operating income of 4 billion yen.