Updated
Updated · MarketWatch · Apr 30
Kagome first-quarter net profit falls
Updated
Updated · MarketWatch · Apr 30

Kagome first-quarter net profit falls

3 articles · Updated · MarketWatch · Apr 30

Summary

  • The Japanese food company posted net profit of Y2.06bn for the quarter ended 31 March, versus Y2.81bn a year earlier, with revenue edging up to Y67.56bn.
  • Operating profit fell to Y4.12bn from Y4.83bn, while earnings per share dropped to Y22.68 from Y30.19 under IFRS reporting standards.
  • The results indicate weaker profitability despite slightly higher sales in the latest quarter, with diluted earnings also declining to Y22.65 from Y30.15.

Insights

Can Kagome's new strategy overcome market volatility to meet its ambitious 2028 profit targets?
Will Kagome's financial troubles force more price hikes on everyday items like ketchup and juice?
After costly US manufacturing defects, how will Kagome ensure its international expansion plan succeeds?
Is raising shareholder returns to 50% wise while profits fall and major investments are needed?
How will Kagome's 'Earth-positive' tomato vision tangibly reduce its environmental impact?