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KeePer Technical Laboratory Co.Ltd. ( (JP:6036) ) just unveiled an announcement.
KeePer Technical Laboratory reported April total sales of ¥2.45 billion, up 6.6% year on year, driven by growth in both its consumer-facing KeePer LABO operations and its products-related business. The company opened four new LABO stores, bringing the network to 176 locations, and continues to emphasize a word-of-mouth-driven model with high repeat rates while managing the profitability ramp-up of new outlets, especially in less populated regions.
In the LABO segment, sales rose 2.7% despite heavy rainfall in western Japan that reduced existing-store traffic, as fewer low-priced washes lifted average spend per vehicle and strong seasonal demand in Hokkaido supported performance. The products segment posted an 11.7% sales increase, supported by stronger uptake of new coatings such as DIA II KeePer and EX KeePer at aftermarket shops and dealerships, while the company works to improve attachment rates at Toyota dealers and cautiously rebuild non-automotive sales under a new organizational structure.
More about KeePer Technical Laboratory Co.Ltd.
KeePer Technical Laboratory Co., Ltd. operates in the automotive services and products industry, focusing on car wash, detailing, and coating services through its KeePer LABO stores and franchise network. The company also supplies coating products and solutions to automotive aftermarket outlets and new car dealerships, while selectively expanding into non-automotive applications such as hotel bath facility coatings.
Average Trading Volume: 144,416
Technical Sentiment Signal: Sell
Current Market Cap: Yen81.3B
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