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Japan-Update

Welcia's operating profit seen soaring 40%

Shops with extended hours, prescription counters helped Japanese drugstore chain

Welcia is opening more drugstores with prescription counters.

TOKYO -- Japanese drugstore chain Welcia Holdings likely recorded a more than 40% rise in operating profit to about 6.5 billion yen ($57.4 million) in the March-May quarter, thanks to extended store hours and sales growth at pharmacies with prescription counters.

The Tokyo-based company's sales apparently jumped 9% to around 167 billion yen. Existing-store sales climbed 5.1%, with increases of over 6% logged in April and May.

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