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Yondoshi seen posting record first-quarter profit

TOKYO -- Jewelry store operator Yondoshi Holdings will likely report a group pretax profit of nearly 1.9 billion yen ($18.6 million) for the March-May quarter, up 10% from a year earlier and a new record.

Overall sales at the Japanese company apparently declined 6% to around 11.6 billion yen on the transfer of all shares in an apparel subsidiary. But sales likely rose roughly 7% for the core jewelry business, widely known for the flagship 4 C brand. Sales were brisk at Canal 4 C stores, which sell such items as earrings and rings. Sales also climbed for Luria 4 C, which offers small leather goods. Jewelry costing 10,000 yen or less was particularly popular with young women.

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