Koike-Ya Q1 revenue rises but profit plunges 47%

Koike-Ya reported first-quarter net sales of 15,009 million yen, up 1.7% year-over-year, but operating profit plummeted 40.4% to 701 million yen and net income fell 46.6% to 333 million yen.

The snack manufacturer attributed the profit decline to increased manufacturing costs from poor potato quality due to rising temperatures, plus higher raw material and personnel expenses.

Domestic sales rose 2.0% to 13,524 million yen, driven by flagship brands "Koike-Ya Pride Potato" and "Suppa Mucho," while overseas sales dropped 1.0% to 1,485 million yen.