Do More With Reuters
Partner Services

Isetan Mitsukoshi targets Y20 bln op profit in 2012/13

Mon Nov 9, 2009 9:43am IST
 
Email | Print | | Single Page
[-] Text [+]

TOKYO, Nov 9 (Reuters) - Japan's largest department store operator, Isetan Mitsukoshi Holdings (3099.T: Quote, Profile, Research), said on Monday it targets an operating profit of 20 billion yen ($222 million) or more for the year to March 2013, 10 times its forecast for this financial year.

The company has been suffering double-digit falls in monthly sales for most of this year.

Isetan Mitsukoshi was created by the merger of two rival chains last year. (Reporting by Taiga Uranaka)

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

GLOBAL RECOVERY

A labourer works on a flyover bridge at a construction site in New Delhi October 14, 2009. REUTERS/Parth Sanyal/Files
Global economy in holding pattern - IMF

The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months.  Full Article 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

BLOGS

Photo
Calculated Move

Reliance aims big with $12 bln bid for LyondellBasell.  Blog 

showcase

U.S. Recession
U.S. Recession

A trip through the epicenters of the American recession.  Full Coverage 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
T P Raman
Column - RBI leads the world

Reserve Bank of India's approach ring-fenced the banking system.   Full Article 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Not Enough Jobs
Not Enough Jobs

Venture capital creates jobs, but not enough.  Full Article 

 
Column - A Sweet Dream
Column - A Sweet Dream

There are good reasons for Ferrero to consider a combination with Cadbury.  Full Article