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Article Date: September 2017
Word Count: 150

Himaraya Swings to Profit in FY17

Comprehensive net income was ¥535 million ($4.8 million) for the fiscal year ended Aug. 31 against a loss of ¥811 million last year as sales inched up 1% to ¥72,907 million ($656.5 million) from ¥72,056 million at the Japanese retailer. Gross margin contracted 100 basis points to 35.1% as it moved to clear inventory. The company opened seven Himaraya stores and closed 20 during the year, ending with 110, and closed three Biando stores, ending ... Log in to view full article.


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