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Japan Foods 1Q earnings down by a fifth to $1 mil on lower sales, store closures

Samantha Chiew
Samantha Chiew8/1/2017 07:05 PM GMT+08  • 2 min read
Japan Foods 1Q earnings down by a fifth to $1 mil on lower sales, store closures
SINGAPORE (August 1): Japan Foods Holding announced a 19.9% decline in its 1Q18 earnings ended June to $1 million, from $1.3 million in 1Q17.
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SINGAPORE (August 1): Japan Foods Holding announced a 19.9% decline in its 1Q18 earnings ended June to $1 million, from $1.3 million in 1Q17.

Group revenue decreased by $0.6 million or 3.8%, to $16.2 million in 1Q18, from $16.8 million 1Q17. This was due to a decrease in sales and closure of stores from the group’s other brands – not including Ajisen Ramen, Menya Musashi and Osaka Ohsho.

However, the group’s overall gross profit margin improved to 85.0% in 1Q18 from 84.5% in 1Q17 due to the group’s continuing efforts in bulk purchase discounts, raw material costs control, material usage efficiency and product pricing strategy.

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