Shoei Foods reports sales rise, profit declines in H1 2025

Shoei Foods Corporation announced its consolidated financial results for the first half of fiscal year 2025, reporting a net sales increase of 10.1% year-over-year, reaching JPY65.76 billion. The company attributed the sales growth to increased demand for dairy products, confectionery raw ingredients, dried fruits, and canned goods, both in Japan and internationally. However, operating profit decreased by 5.7% to JPY2.91 billion, while profit attributable to owners of parent declined by 11.1% to JPY1.73 billion. The decline was attributed to higher selling, general, and administrative expenses due to increased personnel expenses and digital transformation costs. The company revised its full-year earnings forecast, with adjusted expectations for net sales, operating profit, and profit attributable to owners of the parent. Shoei Foods plans to commence dividend payments on July 10, 2025. The company's basic earnings per share amounted to JPY102.79.