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Komehyo Holdings Co., Ltd. ( (JP:2780) ) has issued an update.
Komehyo Holdings Co., Ltd. announced a revision of its earnings forecasts for the fiscal year ending March 31, 2025, due to unstable inter-corporate market conditions caused by foreign exchange fluctuations and economic slowdowns. Despite exceeding net sales targets through strategic initiatives like store openings and corporate purchases, the company experienced lower-than-expected profits due to increased SG&A expenses and low gross profit margins. The company continues to focus on strengthening retail operations and controlling inventory to improve gross profit margins, while planning investments to expand its market share in the brand reuse market.
More about Komehyo Holdings Co., Ltd.
Komehyo Holdings Co., Ltd. operates in the fashion brand, tire and wheel, and real estate rental industries, with a primary focus on its fashion brand business. The company actively engages in the brand reuse market, both domestically and internationally.
YTD Price Performance: -0.89%
Average Trading Volume: 107,652
Technical Sentiment Consensus Rating: Hold
Current Market Cap: Yen42.78B
For an in-depth examination of 2780 stock, go to TipRanks’ Stock Analysis page.
