Snacks group Calbee has booked an increase in full-year profit, despite what it claims was an “uncertain” Japanese economy.
In the 12 months to the end of March, earnings increased 33% to JPY9.44bn (U$92.8m), despite a JPY370m loss from the voluntary recall of Kata-Age Potato, it said.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Operating income increased 28.9% to JPY15.79bn due to the effects of increased sales from marketing investment made with the aim of expanding its domestic market.
Sales were up 9.9% to JPY179.4bn.
Overall, profits and sales showed a “significant” increase compared to the previous fiscal year, Calbee said, which were impacted by the effects of the Great East Japan earthquake.
Click here to view the full earnings release.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
