GIFT HOLDINGS INC. (JP:9279) has released an update.
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GIFT HOLDINGS INC. reported increased sales but decreased profits in Q3 of FYE 2024 due to one-time expenses related to new store openings and refurbishments. These strategic moves are aimed at improving product consistency and productivity, particularly through the introduction of induction heating (IH) technology in their ‘Machida Shoten’ brand stores. Despite a price increase across all brands in July 2024, there has been no negative impact on customer traffic.
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