The company’s revenue reached 261.65 billion yen, an increase from 251.85 billion yen recorded in the previous year. Operational efficiency also showed signs of improvement, with operating profit climbing to 20.02 billion yen compared to 16.16 billion yen in the prior fiscal cycle. Pretax profit followed a similar upward trajectory, rising to 21.52 billion yen from 17.45 billion yen.
In section Market Quotes
Kewpie Profits Slide Despite Revenue Gains in First Half
Kewpie Corporation reported a significant contraction in net profit for the six months ending May 31, with earnings falling to 13.21 billion yen from 18.80 billion yen during the same period last year. The decline occurred even as the Japanese food manufacturer managed to grow its top-line revenue performance.
Despite these gains in core business activity, the company's bottom line suffered. Earnings per share dropped to 95.95 yen from 135.27 yen. These results were calculated in accordance with Japanese accounting standards.
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