NOF Corporation revenue rises but profits plunge 22%

NOF Corporation reported mixed first-quarter results with net sales rising 1.7% to 56.1 billion yen but operating profit falling 12.5% to 11.8 billion yen.

Ordinary profit declined 19% to 12.3 billion yen, while profit attributable to owners plunged 22.1% to 8.6 billion yen.

Total assets increased by 14.6 billion yen to 371.8 billion yen as of June 30. The company maintained its full-year earnings forecasts unchanged.