trending Market Intelligence /marketintelligence/en/news-insights/trending/0SwCj1DnkWkID1miEAEP6w2 content esgSubNav
In This List

Hagoromo Foods swings to profit in fiscal Q1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Hagoromo Foods swings to profit in fiscal Q1

Hagoromo Foods Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥30.14 per share, compared with a loss of 37 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥567.5 million, compared with a loss of ¥6.9 million in the prior-year period.

The normalized profit margin increased to 3.0% from negative 0.0% in the year-earlier period.

Total revenue totaled ¥18.62 billion, compared with ¥18.76 billion in the year-earlier period, and total operating expenses fell 6.6% on an annual basis to ¥17.77 billion from ¥19.03 billion.

Reported net income grew from the prior-year period to ¥587.0 million, or ¥31.17 per share, from ¥56.0 million, or ¥2.97 per share.

As of Aug. 13, US$1 was equivalent to ¥102.37.