Dip Corporation Q1 profit falls 18% despite sales growth

Dip Corporation reported first-quarter sales of 15.8 billion yen, up 3.3% year-on-year, but operating income fell 16.1% to 3.4 billion yen and net income dropped 18.2% to 2.3 billion yen.

The declines were attributed to initial investments in Spot Baitoru and sales force strengthening. The company maintained its full-year forecasts of 60 billion yen in sales and 8 billion yen in net income.