Yaoko reports 10% revenue growth in first quarter

Yaoko Co reported consolidated operating revenue of 193,865 million yen for the first quarter ending June 30, up 10.0% year-over-year.

However, profit growth lagged significantly behind revenue gains. Operating profit rose just 1.9% to 10,572 million yen, while net profit attributable to owners increased only 0.6% to 7,146 million yen.

The company projects full-year operating revenue of 772,000 million yen and net profit of 20,500 million yen.