Yakult profits surge with higher overseas food & beverage sales - Just Food
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Yakult profits surge with higher overseas food & beverage sales

28 Jul 2017

Yakult Honsha Co., the Japanese maker of the popular probiotic drink of the same name, saw net income surge in the fiscal first quarter ended June, along with a noticeable increase in sales at its overseas food and beverage operations.

Yakult profits surge with higher overseas food & beverage sales

Yakult Honsha Co., the Japanese maker of the popular probiotic drink of the same name, saw net income surge in the fiscal first quarter ended June, along with a noticeable increase in sales at its overseas food and beverage operations.

Profit rose almost 47% to JPY8bn (US$71.8m) from a year earlier, according to the company’s earnings statement.

Total revenue was up 4.3% at JPY94.5bn. While the Tokyo-based company booked F&B net sales of JPY52bn in Japan, overseas revenue for that sector climbed 9% to JPY36.8bn. Yakult Honsha has businesses spread across Asia and Oceania – which generates most of its income – and to a lesser degree in the Americas and western Europe.

Yakult Honsha’s operating income, or EBIT, was up almost 38% to JPY10bn to translate into an uptick in the profit margin to 10.6% from 8%.

In May, the company reported lower sales but higher earnings for the year to the end of March.