Fuji Kyuko Q1 profit falls 12% despite revenue growth

Fuji Kyuko reported first-quarter operating revenue of 12.3bn yen, up 0.9% year-on-year, but operating profit fell 12% to 1.7bn yen for the quarter ended June 30.

Profit attributable to shareholders declined 15.4% to 1.1bn yen as the company faced increased personnel, fuel, utility and repair costs.

The company maintained its full-year earnings forecast unchanged.