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I will now move on to the description of the Tokyu Hands segment.
In the first six months of the fiscal year ending March 31, 2017, operating revenue increased, but operating income declined.
Revenue increased due in part to the launch of new stores, but income decreased, mainly reflecting an increase in the cost of new operation and a decline in revenue at existing stores.
Increased revenue and decreased income are also expected in the full-year forecast.
Tokyu Hands celebrated its 40th anniversary this year. It has carried out a variety of campaigns and is enhancing its unique customer service details, such as the “Hint Show,” in its efforts to improve the value of the Hands brand.
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