S Foods reports 209% profit surge in first quarter

S Foods Inc reported consolidated net sales of 113.8bn yen for the three months ended May 31, up 3.9% year-on-year.

Operating profit surged 43.3% to 1.8bn yen, while profit attributable to owners jumped 209.4% to 2.1bn yen.

Total assets increased to 246.8bn yen from 230.6bn yen, primarily due to higher merchandise and finished goods. The company maintained its full-year forecast of 475bn yen in net sales and 4.5bn yen attributable profit.