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Despite a decline in revenue in the third quarter, Cube is steadily expanding sales in the domestic retail market.
Cube <7112> announced its financial results for the third quarter of the fiscal year ending December 2024 (January to September 24). Revenue decreased by 6.8% year-on-year to 3.569 billion yen, operating profit decreased by 58.6% to 0.152 billion yen, ordinary profit decreased by 59.0% to 0.152 billion yen, and quarterly net profit decreased by 61.3% to 0.092 billion yen. Domestic retail and domestic EC were significantly affected by the hot summer weather, resulting in sluggish sales of new fall and winter products. However, domestic retail performed well in 2023.
Cube: Supplementary material explaining financial results for the 3rd quarter of the fiscal year ending 2024/12
Cube: Summary of financial results for the 3rd quarter of the fiscal year ending 2024/12 [Japanese GAAP] (unconsolidated)
Japan Postal Service, Japan Post Bank, Mizuho, Dai-ichi Life HD (14th) (5010-9994)
Please note that the above calendar is just a schedule and is subject to change due to company circumstances.--------------------------------------- November 14 (Thursday) <5010> Nippon Seiro <5027> AnyMind G <5029> Circlace <5033> Nulab <5034> unerry <5038> eWeLL <5074> Tes HD <5101>
Cube---Monthly sales report for direct stores in October 2024
Cube <7112> announced the preliminary monthly sales report for October 2024 for directly operated stores on the 6th. Directly operated store revenue increased by 106.5% year-on-year for all stores and 97.4% for existing stores. Due to higher temperatures than usual in October, new autumn and winter products struggled, but following September, sales at the renovated Daimaru Shinsaibashi store and various pop-up stores across the country were strong, resulting in total store revenue exceeding the previous year. Same-store sales were strong for inbound sales.
Driven by the weak yen, the consumer spending of tourists visiting Japan in the first 9 months has reached a new high.
①Driven by the weakness of the Japanese yen, Japan's tourism industry is extremely hot in 2024; ②Data shows that as of September, international tourists spent 5.86 trillion yen in Japan (equivalent to 39.27 billion US dollars); ③This exceeded the consumption record of 5.3 trillion yen set for the full year of 2023.
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