trending Market Intelligence /marketintelligence/en/news-insights/trending/Bnu3GdFh8a1RjcBWp4NsEg2 content esgSubNav
In This List

Hagoromo Foods fiscal Q2 profit climbs 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


Hagoromo Foods fiscal Q2 profit climbs YOY

Hagoromo Foods Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥27.72 per share, a gain from ¥11.72 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥521.9 million, a gain from ¥220.6 million in the prior-year period.

The normalized profit margin increased to 2.7% from 1.2% in the year-earlier period.

Total revenue came to ¥18.98 billion, compared with ¥18.84 billion in the prior-year period, and total operating expenses declined from the prior-year period to ¥18.19 billion from ¥18.65 billion.

Reported net income declined 71.6% year over year to ¥652.0 million, or ¥34.63 per share, from ¥2.30 billion, or ¥121.92 per share.

As of Nov. 14, US$1 was equivalent to ¥116.46.