ITO EN posts 22% rise in operating profit for May-July on strong leaf and drink segment
ITO EN, LTD. <2593> released its first-quarter (May-July) consolidated financial results after market close on the 1st. Net sales came in at 135.18 billion yen (up 3.3% year-on-year), operating profit at 10.2 billion yen (up 22.0%), and net profit at 6.559 billion yen (up 14.8%). Its core leaf and drink business posted a substantial profit increase.
Revenue grew as domestic and overseas price hikes took hold, while profit was lifted by reduced promotional expenses and lower depreciation charges stemming from impairment losses on the vending machine business in the previous fiscal year.
For the full fiscal year ending April 2027, ITO EN maintained its guidance, projecting net sales of 500 billion yen (up 0.4% year-on-year), operating profit of 20 billion yen (down 7.8%), and net profit of 11.43 billion yen (up 3.3-fold). Operating profit reached about 51% of the full-year target.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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