Nissin Japan reports mixed China results in Q1

Nissin Japan reported mixed first-quarter results for its China segment, with net sales rising 1.4% to 16.7bn yen but segment income falling to 1.3bn yen from 1.33bn yen year-on-year.

Core operating profit declined 4.9% to 1.27bn yen, though currency translation contributed to the profit decline. Excluding currency effects, revenue increased 9.2% and core operating profit rose 2.4%.

The company noted continued growth in instant noodles, particularly CUP NOODLES BIG and Demae Iccho products.