TOKYO -- Muji brand operator Ryohin Keikaku likely scored a fourth straight record group operating profit for the year through February, earning 38 billion yen ($338 million) for a 10% rise and carving out a high profit ratio through meticulous sales management.
The retail brand owner apparently hit its target operating profit more or less squarely. But revenue from operations -- a figure effectively measuring sales -- likely fell short with growth of 9% to roughly 334 billion yen, undershooting the planned 336.5 billion yen. The company will release earnings April 12.