Japanese confectioner Morinaga has booked an increase in first-quarter earnings and sales.
In the three months ended 26 March, net profit reached JPY514m (US$5.3m), up from JPY83m a year earlier. Morinaga said it benefited from lower advertising expenses and higher sales in the period.
Operating profit amounted to JPY770m from JPY46m a year earlier. Sales climbed 7.8% to JPY38.86bn.
Click here to view the full earnings release.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
