Operating profit swung deep into the red at 318 million yen, down from a 59 million yen gain in the previous fiscal year. This decline trickled down to pretax profit, which settled at a loss of 278 million yen compared to the 105 million yen profit recorded in 2025. Per-share earnings followed the downward trend, falling to a loss of 6.59 yen from a positive 0.14 yen previously. These results, calculated under Japanese accounting standards, reflect the broader pressures currently impacting the company's bottom line.
In section Market Quotes
Okuwa Slips into Quarterly Loss as Revenue Dips
A sharp reversal in fortunes saw Okuwa Co. Ltd. report a net loss of 268 million yen for the first quarter ended May 20, a stark contrast to the 5 million yen profit posted during the same period last year. The retailer struggled against narrowing margins as revenue retreated to 59.71 billion yen.
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