Fujibo Holdings reports 37.6% jump in quarterly profit

Fujibo Holdings reported net income attributable to owners jumped 37.6% to 1.48 billion yen in its first quarter, with net sales rising 8.4% to 11.25 billion yen.

The abrasives business drove growth with sales up 13.4% to 5.24 billion yen, while chemical products rose 10.3% to 3.64 billion yen. However, lifestyle clothing sales fell 10.1% to 1.62 billion yen.

The company maintained its full-year forecast of 46.2 billion yen in net sales and 4.7 billion yen net income.