ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Articles

Japan drugstore chains ailing as tourists turn frugal

Drugstore chain Matsumotokiyoshi is gearing up to serve foreign shoppers.

TOKYO -- Thriftier spending habits by foreign tourists visiting Japan are weighing down earnings at three of the nation's biggest drugstore chains.

Matsumotokiyoshi Holdings, Sundrug and Cocokara Fine all undershot sales outlooks for the six months ended September, reveal earnings statements released through Friday. Demand by foreign tourists has peaked amid the strong yen, forcing all three to go back to the drawing board.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more