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Demand for attire drives Isetan Stores yield 48%

May '06
Japan's fourth-largest department store operator, Isetan Company's current years net proceeds rose 48 percent due to amplified demand for clothing.

Net proceeds rose to 18.7 billion yen ($167 million) in the year-ended 31 March 2006 compared to 12.6 billion yen last year.

The company declared rise in sales by 21 percent to 760 billion yen.

Clothing requirement led the Tokyo-based company's sales to six straight months of growth in the second half.

Isetan predicts 18 billion yen in whole-year profit on trading of 777 billion yen in the current business year that started 1 April 2006.

Shares of Isetan rose to 0.6 percent to 2,400 yen at 1:02 per month in Tokyo.

Propping up these four elements is the concept of always putting the customer first, and thisideal is consistent in all activities across the entire Isetan Group.

The “Company's Promise Campaign” as well as all other corporate activities offer an insight into its corporate philosophy, while propelling them forward towards fulfilling the central tenets of their beliefs.

The spirit of The Isetan Way is expressed through business plans at the group, company andoperational levels, and in a variety of ways in daily business activities.

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