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Article: MARUI SEES FY05 PRETAX PROFIT UP 21% ON ROBUST CONSUMER SPENDING.
- Article from:
- AsiaPulse News
- Article date:
- April 4, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, April 4 Asia Pulse - Marui Co. (TSE:8252) is expected to post a 21 per cent increase in group pretax profit to about 46 billion yen (US$391 million) for the year ended March 31 on brisk clothing sales, mainly in urban centers.
Business was aided by the recovery in consumer spending as well as the firm's switch to a new inventory management system. It is likely to boost annual dividend payments by 6 yen to 28 yen.
The company's sales are estimated to have edged up 1 per cent to about 562 billion yen. The retailer introduced a system for sharing data on each item with the manufacturer and other suppliers, which helped raise sales by enabling it to ...