Department store operator Isetan Mitsukoshi reported a net sales rise of 0.2% to ¥289.9bn (£2.31bn) for the first quarter ended June 30. Net profit was ¥16.9bn (£13.5m), compared with a loss of ¥795m (£6.3m) the previous year. The company blamed sluggish sales on low consumer spending after the earthquake in March. Strong sales were recorded in China and southeast Asia due to the region’s booming economy.

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