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Latest Tokyo Brief coverage on Komehyo Holdings Co.,Ltd., tracking filings, financial news, and market signals from Japan.
TSE:2780
Komehyo's June sales rose 30.5% year-on-year to ¥21.26bn, a marked slowdown from April's 51.5% and May's 50.5% gains, though duty-free shoppers still accounted for nearly 16% of the month's revenue and retail sales ran ahead of plan.
Japan's biggest reuse retailer is buying Garage Bank, whose cashari app lets users cash out possessions via leaseback instead of selling them, even though the startup lost ¥242.6mn last year on ¥1.05bn of revenue.