TOKYO, Mar 16 (Pulse News Wire) – Shoei Foods Corporation (8079.T) reported a 10.4% increase in revenue for its fiscal year ending October 2026's first quarter compared to the same period last year. Total revenue reached ¥35.348 billion, driven by price hikes in Japan and the US, while sales in China declined slightly.
Operating profit surged by 41.2%, reaching ¥1.623 billion due to higher selling prices and reduced selling expenses and general administrative costs. Segment-wise, Japan saw a 10.5% rise in revenue to ¥3.348 billion, bolstered by increased sales of dairy products and oils.
In the US, revenue jumped by 13.2% to ¥4.085 billion, benefiting from a bountiful crop of walnuts. However, Chinese operations experienced a minor dip, with revenue falling by 1.5% to ¥3.244 billion due to intense competition in domestic sales.
Looking ahead, the company maintained its previous earnings forecast, projecting revenues of ¥130 billion for the next quarter, with operating profit expected to grow further.
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