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Today Lawson announced its financial results for the first quarter of fiscal 2015, or the three months to May 31, 2015. The main consolidated results are listed below:
Operating profit | 19.1 billion yen (+13.7% year on year) |
Recurring profit | 19.1 billion yen (+16.0% year on year) |
Net profit | 7.7 billion yen (-15.2% year on year) |
Click here for more detailed results.
Throughout the first quarter of fiscal 2015 (March to May 2015), Lawson, Inc. has worked hard to develop concrete activities in accordance with our Corporate Philosophy of “Creating Happiness and Harmony in Our Communities.”
Our core goal for fiscal 2015 has been to strengthen the foundation of our convenience store business by focusing on three key areas: our stores, our products and our franchise system. This will help us respond effectively to social changes in our communities driven by falling birth rates, ageing population, and the increase in the number of women in the workforce. It will also help us highlight and maximize areas in which Lawson displays unique strengths, such as over-the-counter fast food.
In the first quarter, we have focused to improve our staple cooked rice products, making MACHI café more attractive by revising café latte prices, and introducing new packaging at Lawson Select. Our strategy to attract customers with more discounts hit the gross profit margin down by 0.1% year on year in the first quarter, but the same strategy also generated a 0.4% rise in existing-store sales at Lawson Japan.
All of these measures, along with contributions from new consolidated subsidiaries Seijo Ishii Co., Ltd. and United Cinemas Co., Ltd. helped generate a consolidated operating profit of ¥19.1 billion in the first quarter of fiscal 2015. That represents an increase of ¥2.3 billion, or 13.7%, compared to the previous year. Consolidated net profit declined ¥1.3 billion, or 15.2%, year on year to ¥7.7 billion, on the back of increased extraordinary losses.
In terms of our strategy for the second quarter from June to August 2015, we are determined to maintain our strategic direction by continuing to focus on strengthening our store capability, our product potential and our franchise owners support.
Lawson will also continue to lay the foundations for sustainable future growth by promoting further development of Seijo Ishii’s upscale supermarket operations, as well as our entertainment and home convenience operations and our international operation. I am confident that these strategies will help achieve our consolidated operating profit target for 2015.
I would like to thank our shareholders and investors for your continued and unwavering support of Lawson’s management strategy, and I look forward to serving you in the years ahead.
July 7, 2015
Genichi Tamatsuka
President and CEO
Representative Director
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