SFP Holdings reports 18.5% profit drop despite sales growth

SFP Holdings reported net sales of 7.751bn yen for the three months ended May 31, up 1.0% year-on-year, but profit attributable to owners fell 18.5% to 389m yen.

Operating profit declined 2.6% to 593m yen, while ordinary profit dropped 10.6% to 599m yen, indicating margin compression despite modest revenue growth.

The company maintained its full-year forecast of 32.5bn yen in net sales and 1.7bn yen in profit attributable to owners.