5 Days
Source:
Forbes
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AI Benefits Japan’s Discount Retailer
Trial Holdings, a discount supermarket chain in Japan led by billionaire chairman Hisao Nagata, is experiencing strong growth fueled by its acquisition of Seiyu and the use of AI technology. The company forecasts annual revenue of ¥1.32 trillion and operating profit of ¥25.4 billion for the current year, with a goal to reach ¥1.6 trillion and ¥64 billion by 2029. Shares have risen by 32% over the past year, increasing Nagata’s net worth to $1.4 billion.
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