The Japanese sporting goods retailer generated an operating profit of ¥3,854 million (€23.9m) compared to ¥2,264 million for the three months ended June 30. Profit attributable to the parent increased by 40 percent in Q1 to ¥2,785 million (€17.3m) versus ¥1,987 million. Sales rose 4.6 percent to ¥65,142 million (€403.9m) from ¥62,266 million.
Xebio’s current FY outlook calls for a 43 percent increase in operating profit to ¥6,002 million (€37.2m), a 16 percent jump in 12-month net profit to ¥3,002 million (€18.6m), and an annual sales improvement of 3.5 percent to ¥250,958 million (€1.57b).
