Frozen foods manufacturer KS Frozen Foods, a subsidiary of Katoichi, expects to report a net profit of JPY114m (US$951,000) for the financial year ending 31 March. This represents a year-on-year decline of 13.6%, Japanese reports said today (6 February).

The company expects a pre-tax profit, excluding extraordinary items, of JPY310m. It is anticipated that sales revenue will grow by 1.1% to JPY10.46. The company predicts a pre share income of JPY94.41, and will payout JPY40 per share, it is reported.