TOKYO -- Earlier this month, discount retail chain Don Quijote Holdings surprised investors by surpassing Isetan Mitsukoshi Holdings in market capitalization. International visitors and flexibility have been the key to its success.
The discount retailer is expected to post a record group operating profit of 34.8 billion yen ($293 million) for the year through June 2015, up 1% from a year ago. Isetan Mitsukoshi is also forecasting a profit increase for the fiscal year ending March 2015. Don Quijote's earning capacity continues to grow rapidly.
