In section Market Quotes

Marudai Food Reports Net Profit Decline Amid Revenue Growth

Osaka-based meat processor Marudai Food Co. Ltd. reported a decline in net income for the nine months ending December 31, even as the company saw improvements in its top-line revenue and core operating results.

Marudai Food recorded a net profit of ¥5.07 billion for the three-quarter period, down from the ¥5.75 billion reported during the same timeframe the previous year. This contraction in the bottom line occurred despite a steady increase in total revenue, which climbed to ¥183.64 billion from ¥181.83 billion.

Operational Performance and Earnings

While net figures softened, the company’s underlying profitability showed resilience. According to the financial filing, operating profit rose significantly to ¥6.81 billion, up from ¥5.08 billion in the prior year. Pretax profit also saw a healthy increase, reaching ¥7.09 billion compared to ¥5.40 billion in the previous period.

The decline in net profit translated to lower returns for shareholders, with earnings per share falling to ¥206.92 from ¥231.91. The company stated that these results were calculated based on Japanese accounting standards, reflecting the fiscal performance of its group operations through the end of the calendar year.

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