Kameda Seika reports 41% sales jump, raises forecast

Kameda Seika reported Q1 net sales of JPY 33,873 million, up 40.8% year-on-year, with operating profit surging 49.3% to JPY 1,604 million.

Net income attributable to owners jumped to JPY 21,987 million from JPY 1,191 million, largely due to a JPY 20,598 million gain on step acquisition.

The company raised its H1 forecast, projecting sales of JPY 65,000 million and net income of JPY 22,000 million.