Starzen reports 3.3% sales growth, expands Wagyu operations

Starzen Company Limited reported net sales of 108.58bn yen for Q1, up 3.3% year-on-year, with profit attributable to owners rising 6.3% to 1.85bn yen.

The company completed acquisitions of Australian firms YORKRANGE and BROAD WATER DOWNS on April 7, expanding its Wagyu beef operations.

Despite operating income declining, Starzen maintained its full-year forecast of 450bn yen in net sales and 8bn yen profit.