Lawson, FamilyMart Enjoy Net Profit Growth in March-Nov.
Tokyo, Jan. 15 (Jiji Press)--Japanese convenience store chains Lawson Inc. and FamilyMart Co. enjoyed net profit increases in March-November 2024 while Seven & i Holdings Co., the operator of the industry leader Seven-Eleven Japan Co., suffered a sharp deterioration in its bottom line, according to their latest earnings reports.
Lawson logged a record third-quarter net profit of 52.4 billion yen, up 14.4 pct from a year earlier, thanks to robust sales of "Karaage-kun" fried chickens and other products under its own brand. A sales campaign with telecommunications carrier KDDI Corp., which holds a 50 pct stake in Lawson, also contributed to the profit growth.
(2025/01/15-22:56)
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