Itoham Foods, the Japan-based meat processor, has reported a rise in annual net sales and operating profit – but impairment and tax costs weighed on its bottom line.

The company booked net sales of JPY638.78bn for the year to the end of March, up from JPY481.13bn a year earlier.

The jump in sales helped Itoham Foods’ operating income increase from JPY3.77bn a year ago to JPY10.2bn.

However, Itoham Foods posted net income of JPY8.21bn, down from JPY11.61bn the previous year amid a rise in impairment expenses a higher tax bill.

Based in Nishinomiya, Itoham has ten plants in Japan. The company also has operations in New Zealand, Thailand and the US.

Itoham Foods is a shareholder in New Zealand beef and lamb exporter Anzco Foods. The company’s Itoham Betagro Foods Co. venture in Thailand manufactures products like ham and sausages. The group’s Itoham America arm makes a range of meat products.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.