Japanese drugstore business Sugi has posted a 7.5% rise in net sales to ¥244.6bn (£2.06bn) for the nine months to November 30. Operating profit increased 45.1% to ¥13.6bn (£114.5m) while net profit climbed 52.4% to ¥9.4bn (£79.2m). During the period, the retailer aimed to enhance synergies between its drugstore and pharmacy businesses by improving management efficiency as well as renovating existing stores in response to the growing demand for prescription dispensing.
Sugi continued restructuring its stores network through a scrap-and-build policy, opening 56 new stores in Kanto, Kansai and Chubu regions and closing 19. The plan resulted in a total of 811 stores at the end of the period.
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