Matsuya Rises After Department-Store Operator Triples First-Half Forecast
Matsuya Co., a Japanese department- store chain, rose the most in seven weeks in Tokyo trading after tripling its first-half net income outlook on higher-than- expected sales.
Matsuya gained 4.7 percent to 784 yen as of 9:09 a.m. on the Tokyo Stock Exchange, headed for the biggest advance since May 24. The benchmark Topix index added 0.5 percent.
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