Japanese soy sauce maker Kikkoman Corp. has recorded an increase in first-quarter earnings and upped its full-year profit and sales guidance.
In the three months to the end of June, Kikkoman increased earnings by 65.2% to JPY4bn (US$40.4m). Operating profit grew 28.4% JPY6.5bn. Sales in the period were up 13.8% to $83.98bn.
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Kikkoman said it recorded higher sales in its domestic foods division, and a sales increase in its overseas division, particularly from soy Sauce in North America and Europe.
The firm upped its earnings guidance to JPY12.5bn from a previous forecast of JPY10bn and sales of JPY327bn from a previous forecast of JPY291bn.
Click here to view the full earnings release.
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