JTC 32nd AGM: Operating Profit Plunges 85%, Share Buyback, All Directors Re-elected

Consolidated operating profit plunged to ¥0.76bn (from ¥5.24bn, -85.4%), net income to ¥0.59bn (from ¥8.51bn, -93.1%)
EPS ¥11 (from ¥165), no dividend
Share buyback of ¥0.71bn (positive shareholder return)
Store closures (6) and restructuring due to Chinese tourist decline; voluntary retirement implemented
All 5 directors re-elected (all inside, including non-executives; Kim Tae-yeop and Lee Hyun-ho from Affirma Capital)
Auditor changed from Josui Audit Corp. to Chidorigafuchi Audit Corp.
Japanese government targets 60M visitors and ¥15tn spending by 2030, supporting tax-free industry

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