Yahoo! Finance has published financial results information for NICHIREI CORPORATION, a major Japanese food company, reporting that revenue increased substantially year on year in the first quarter of the fiscal year ending December 2026, while operating profit declined.
According to a summary of the earnings report for the first quarter of the fiscal year ending December 2026, revenue was ¥229.0 billion, a substantial increase from ¥170.8 billion in the same period of the previous year. Operating profit, however, was ¥8.2 billion, down from ¥8.7 billion in the same period of the previous year.
Due to the change in the fiscal year-end, 6 months of results from subsidiaries with December year-ends were included in the consolidated accounts. Investment also became more active alongside the substantial increase in revenue.
Overseas operations are being expanded, including through the increase in goodwill resulting from the acquisition of an Indonesian subsidiary. Efforts are also under way to improve efficiency through the integration of the cold-chain logistics businesses and strengthen the operating structure of the new organisation.
In addition to progressing with the merger of consolidated subsidiaries NICHIREI FOODS INC. and NICHIREI FRESH INC., analysis also indicates that the effect of price revisions is taking hold and sales of core products continue to grow.