Itoham Yonekyu Holdings reports 110% profit jump

Itoham Yonekyu Holdings reported first-quarter sales of 297.1 billion yen, up 26%, with ordinary profit surging 109.7% to 9.2 billion yen.

The meat division drove growth with sales up 41.7% and ordinary profit jumping 179.8% due to improved domestic operations and favorable market conditions. The processed food division posted modest gains with sales up 3.5%.