SINGAPORE (Mar 12): While cautious consumer spending and rising costs have eaten into the margins of many F&B businesses, Japan Foods Holding has managed to widen its net margins by leveraging its large portfolio of Japanese F&B brands. For 9MFY2018 ended Dec 31, the company reported a net margin of 9.4%. This was an improvement from the 8.1% net margin for the same period of FY2017. It was also higher than the company’s net margins of 7.1% and 6% in FY2017 and FY2016, respectively. Although Japan Foods’ revenue for the nine-month period grew just 2.8% y-o-y, to $51.7 million from $50.3 million previously, earnings jumped 18.1% y-o-y to $4.8 million from $4.1 million.

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