ITO EN surges to new year-to-date high as Q1 operating profit rises 22%
ITO EN,LTD. <2593> surged sharply, hitting a new year-to-date high. After the close of trading on the 1st, the company reported consolidated financial results for the first quarter of fiscal year ending April 2027 (May?July). 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%), drawing buying interest from investors who viewed the results favorably. The core leaf and drink-related business posted a substantial increase in profit. Revenue grew on the back of price revisions implemented both domestically and overseas, while profit was boosted by a reduction in promotional expenses and a decrease in depreciation charges resulting from impairment processing of the vending machine business carried out in the previous fiscal year.
For the full fiscal year ending April 2027, ITO EN left its guidance unchanged, 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 (3.3 times the prior year). The progress rate against the full-year operating profit target reached approximately 51%.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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