Kewpie's Q1 profit soars amid strategic shifts and price hikes
Kewpie Corporation (TSE:2809) has announced its Q1 FY2025 results, showcasing a robust performance characterized by strategic initiatives and market adaptation. Profit attributable to owners of the parent jumped to JPY12.77B, a substantial 111.6% increase year-over-year. Net sales rose 4.7% to JPY120.04B, fueled by sustained international expansion, increased egg volumes, and higher cut vegetable sales. Despite these gains, operating profit declined 29% to JPY5.78B, primarily due to elevated raw material costs, especially in eggs and vegetables, and increased selling, general, and administrative expenses.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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