Xebio operating profit rises by 30% for nine months

The Japanese retail group that operates multiple banners across the country including Xebio (218 locations) and Victoria/Golf Partner (398) reported a 30 percent increase in nine-month operating income to ¥6,075 million (€38.2m) for the nine months ended Dec. 31. Net profit attributable to owners of the parent rose by 21 percent to ¥3,925 million (€24.7m). Gross margin improved by 50 basis points to 39.2 percent.

Total nine-month revenues from all operations jumped by 3.4 percent to ¥188,258 million (€1.19b) from ¥182,146 million. The company is currently forecasting a 16 percent improvement in annual net profit to ¥3,002 million (€18.9m) for the 12 months ending March 31. FY operating income is predicted to improve by 43 percent to ¥6,002 million (€37.8m) with annual revenues pegged to lift by 3.5 percent year-over-year to ¥250,958 million (€1.57b).