MatsukiyoCocokara reports 14.6% operating profit jump in Q1

MatsukiyoCocokara reported net sales of 273.6 billion yen, up 5.3% year-over-year, with operating profit jumping 14.6% to 19.8 billion yen. Profit attributable to owners rose 10.8% to 12.9 billion yen.

Total assets fell 20.1 billion yen to 692.7 billion yen, mainly due to reduced cash and investments. The company expanded consolidation to include its Hong Kong subsidiary due to increased materiality.

Store count remained stable at 3,493, with 24 openings offset by 30 closures.