Bookoff Japan Same-Store Sales Rise 5.5% in March on Broad-Based Demand

BOOKOFF GROUP HOLDINGS LIMITED ( (JP:9278) ) just unveiled an announcement.

Bookoff Group Holdings reported that existing store sales in its Japan BOOKOFF operations rose 5.5% year on year in March, with total store sales up 6.0%. Growth was driven by higher net sales across trading cards and hobby goods, apparel, home appliances and smartphones, books, and other categories, underscoring broad-based demand in its reuse retail format.

The company continued to adjust and expand its footprint, ending March with 370 directly operated and 357 franchised BOOKOFF stores in Japan, and 49 overseas outlets. Four new directly operated locations, including specialty trading card and fashion stores as well as premium service sites, were opened during the month, signaling an ongoing focus on category specialization and network expansion to support future sales momentum.

The most recent analyst rating on (JP:9278) stock is a Hold with a Yen1867.00 price target. To see the full list of analyst forecasts on BOOKOFF GROUP HOLDINGS LIMITED stock, see the JP:9278 Stock Forecast page.

More about BOOKOFF GROUP HOLDINGS LIMITED

Bookoff Group Holdings Limited operates a network of reuse-focused retail stores in Japan and overseas, primarily under the BOOKOFF brand. The group deals in secondhand books, trading cards, hobby goods, apparel, home appliances, and smartphones, and also runs premium services and overseas businesses through a mix of directly operated and franchised outlets.

Average Trading Volume: 88,074

Technical Sentiment Signal: Buy

Current Market Cap: Yen33.22B

See more data about 9278 stock on TipRanks’ Stock Analysis page.