Laox mid-term financial results are in the final deficit Corona sales decrease at duty-free shops August 14 19:05

Laox, which operates duty-free shops in various regions, closed its sales for the half year until June this year due to a significant decrease in the number of foreign tourists among its main customers due to the impact of the new coronavirus. Loss was 13.9 billion yen.

According to Laox's announcement on the 14th, this half year until June, sales fell by 37% from the same period last year to 37.9 billion yen, and the final loss was 13.9 billion yen. It was.

It is the second consecutive term that the final profit or loss will be in the red in the interim results.

Although Laox has opened duty-free shops in various regions, sales fell sharply due to the large decrease in the number of foreign tourists, whose main customers were the new Coronavirus.

The company is seeking voluntary retirement and closing stores, and has posted an extraordinary loss of 8.6 billion yen due to impairment of fixed assets and retirement allowance.

In addition, regarding the earnings forecast for the year ending December, which was previously undecided, Laox announced that operating loss, which shows the profit of its core business, will be in the red of 4.3 billion yen.

The company, such as not Tata prospect of recovery of foreign travelers, as that severe situation continues is expected, we want to complete the rebuilding of the results to strengthen the Internet mail order in the future China.