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JAPAN'S ITO-YOKADO REDUCES EARNINGS PROJECTIONS TO US$409.2 MLN.
TOKYO, Mar 1 Asia Pulse - Supermarket operator Ito-Yokado Co. (TSE: 8264) has scaled back its earnings projections for the fiscal year ended Feb. 28 and now anticipates a consolidated net profit of 48 billion yen (US$409.2 million), up 0.8 per cent on the year but well short of the previously forecast 60 billion yen.
Parent-only operating profit, a performance indicator for its core business, is expected to come to no more than 20 billion yen, compared with the 30.5 billion yen total of the year before. Coupled with rival Jusco Co.'s (TSE: 8267) estimated 12 per cent rise in operating profit to about 23 billion yen, Ito-Yokado appears likely to have relinquished its top spot in the supermarket industry for the first time in 16 years.
But because of dividends of nearly 12 billion yen from subsidiary Seven-Eleven Japan Co. (TSE: 8183), Ito-Yokado appears certain to remain No. 1 in pretax profit, which is forecast to ...
- Ito-Yokado to invest 100 bil. yen in 80 shopping centers.
- Newspaper article from: Kyodo News International (Tokyo, Japan) April 27, 2005 700+ words
Apr. 27--TOKYO -- Ito-Yokado Co. plans to invest some 100 billion yen to open 80 shopping centers in...Tuesday. A joint venture between Ito-Yokado and trading house Mitsui...including a 2,000-square-meter Ito-Yokado food supermarket and...
- AEON, ITO-YOKADO CUT PRICES TO SPUR SPENDING AMID ROBUST YEN.
- News wire article from: AsiaPulse News October 28, 2008 700+ words
...operators Aeon Co. (TSE:8267) and Ito-Yokado Co. are both lowering prices...imported goods to reflect the strengthening yen. The majority of imported goods are...discounted items may be broadened. Ito-Yokado will slash prices by as much...
- Ito-Yokado's holding firm to retire 1.2 tril. yen own stock: report.
- Newspaper article from: Kyodo News International (Tokyo, Japan) May 7, 2005 700+ words
...be set up in September by the Ito-Yokado Co. group will as early...daily reported Saturday, quoting Ito-Yokado Chairman Toshifumi Suzuki...retired will total 1.2 trillion yen, the biggest ever in Japan...establishment, the paper said. Ito-Yokado's stake in subsidiary...
- Ito-Yokado Loses Position as Japan's No. 1 Retailer to Aeon.
- Newspaper article from: Kyodo News International (Tokyo, Japan) April 8, 2004 700+ words
...to February 1999. Ito-Yokado said its group...to 53.63 billion yen on a 5.9 percent...interim dividend of 16 yen per share. For the...to Feb. 28, 2005, Ito-Yokado expects its...to 3,560 billion yen. Ito-Yokado said its effective...
- 7-Eleven's 1999 profit higher than parent Ito-Yokado.(Brief Article)
- Magazine article from: NPN International July 1, 2000 700+ words
...6 percent to 2,054.00 billion yen, and pretax profit to rise 4.9 percent to 147.00 billion yen. Ito-Yokado's sales for the 1999 business year amounted to 1,508.91 billion yen, down 3.5 percent for the first...
- Ito-Yokado reports record high group sales in fiscal 1st-half.
- Newspaper article from: Kyodo News International (Tokyo, Japan) October 6, 2005 700+ words
...Seven-Eleven Japan Co. Ito-Yokado said its consolidated...came to 37.49 billion yen, up 15.7 percent...revenues of 251.09 billion yen, up 4.5 percent. Ito-Yokado itself saw a...profit to 5.42 billion yen. But Ito-Yokado said the unconsolidated...
- JAPAN'S ITO-YOKADO OFFERS DISCOUNT GAS COUPONS TO SHOPPERS.
- News wire article from: AsiaPulse News July 16, 2008 700+ words
...stores. For every 5,000 yen spent at Ito-Yokado, the store will provide a coupon that takes 10 yen off each liter of a single...shopping bill tops 10,000 yen. The coupons can be used...17 for up to 50 liters. Ito-Yokado held prize drawings...
- JAPAN'S ITO EN SEES US GREEN TEA BIZ CLIMBING INTO THE BLACK.
- News wire article from: AsiaPulse News March 29, 2006 700+ words
...operating loss of 528 million yen (US$4.5 million...double to 1.4 billion yen this fiscal year. Ito En is also seeking to obtain...staff there. Groupwide, Ito En sees its operating profit...to a record 21 billion yen on a 9 per cent sales increase...
Source: HighBeam Research, JAPAN'S ITO-YOKADO REDUCES EARNINGS PROJECTIONS TO US$409.2 MLN.