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Article: DCM JAPAN SEEN FALLING SHY OF OPERATING PROFIT TARGET IN FY07.
- Article from:
- AsiaPulse News
- Article date:
- March 3, 2008
CopyrightCOPYRIGHT 2008 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, March 3 Asia Pulse - DCM Japan Holdings Co. (TSE:3050) appears to have logged a group operating profit of about 15.4 billion yen (US$147.485 million) for the year ended February 29, 400 million yen lower than forecast in light of slumping same-store sales.
Due to a change in its book-closing month, year-on-year comparisons are not available. The home improvement store operator holds Kahma Co., Daiki Co. and Homac Corp. under its umbrella.
Existing stores performed poorly as competition intensified. The warmer winter depressed sales of winter items, such ...