DIY chain Arcland saw net profit jump 16% in fiscal 2013
NIIGATA -- Arcland Sakamoto Co., operator of a Niigata Prefecture-based chain of home improvement stores, on Wednesday posted a group net profit of 5.2 billion yen ($50.38 million) for the year ended Feb. 28, rising 16% to top the record it set the previous year.
Sales climbed 2% to an all-time-high 99.2 billion yen, as new stores in Niigata and Nagano prefectures made contributions. In addition to a last-minute spike in demand ahead of the upcoming consumption tax hike, sales of do-it-yourself products increased amid robust housing construction.
In the restaurant segment, the firm added 10 new outlets to its pork cutlet chain, bringing the total to 103 at the end of last year. Its franchisees rose by 28 to a total of 144.
For the current fiscal year, Arcland plans to open more home improvement centers in Niigata and Osaka prefectures. Guidance calls for a net profit of 5.4 billion yen, up 2%, and sales of 102 billion yen, a 3% rise.