Nishimatsuya Chain shares rise on robust first-half profits and store expansion

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The company’s performance was largely driven by vigorous sales of spring and summer clothes, baby formula, and diapers. The opening of 33 new stores also contributed significantly to this growth, bringing the total number of outlets to 1,090.

Nishimatsuya Chain further announced plans to augment dividends per share from Y26 to Y27 and buy back Y300 million worth of shares. Looking ahead, the company forecasts a net profit of Y9.28 billion and revenue totaling Y180 billion.

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