trending Market Intelligence /marketintelligence/en/news-insights/trending/7XZXSTglzz3cj0eAw3wLYg2 content esgSubNav
In This List

Megmilk Snow Brand fiscal Q1 profit falls YOY

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


Megmilk Snow Brand fiscal Q1 profit falls YOY

Megmilk Snow Brand Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥26.78 per share, a decrease of 13.5% from ¥30.94 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.82 billion, a decrease of 13.5% from ¥2.10 billion in the year-earlier period.

The normalized profit margin fell to 1.3% from 1.6% in the year-earlier period.

Total revenue totaled ¥136.05 billion, compared with ¥134.87 billion in the year-earlier period, and total operating expenses increased from the prior-year period to ¥133.41 billion from ¥131.67 billion.

Reported net income declined 33.6% on an annual basis to ¥1.03 billion, or ¥15.18 per share, from ¥1.55 billion, or ¥22.87 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.