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Japan Aims To Reduce Food Loss At Businesses by 60%
Kitahon Foods - Reorganization of domestic group companies (absorption merger of wholly-owned subsidiaries)
Kibun Foods <2933> announced on the 14th that it will absorb and merge its fully owned subsidiaries, Kibun West Japan and Hokushoku, for the reorganization of its domestic group companies. In the company's domestic food business segment, the BtoC business will be reorganized with Kibun Foods at its core, aiming for proper allocation and efficient use of management resources by centralizing and strengthening functions, thereby realizing the "comprehensive food group" outlined in the medium to long-term vision. The merger method will have the company as the surviving entity.
Kibun Food---2Q operating profit significantly increased, overseas food business and food-related business are progressing smoothly.
Kibun Food <2933> announced its consolidated financial results for the second quarter of the fiscal year ending March 2025 (April-September 24). Revenue increased by 0.8% year-on-year to 47.759 billion yen, operating profit increased by 405.4% to 0.546 billion yen, ordinary profit was 0.44 billion yen (compared to a loss of 0.069 billion yen in the same period last year), and the interim net loss attributable to the parent company's shareholders was 0.055 billion yen (compared to a loss of 0.658 billion yen). Domestic food business revenue decreased by 1.6% year-on-year to 32.17 billion yen, and segment loss was 2.
Kibun Foods: Extraordinary Report
Mitsubishi UFJ, 2Q operating profit increased by 37.3% to 1.7569 trillion yen, announced a share buyback.
Mitsubishi UFJ <8306> announced its second-quarter results for the fiscal year ending March 2025, with operating revenue increasing by 21.1% year-on-year to 6 trillion 860.2 billion 77 million yen, and ordinary profit rising by 37.3% to 1 trillion 756.9 billion 26 million yen. Additionally, the net profit forecast for the fiscal year ending March 2025 was revised upwards from 1 trillion 500 billion yen to 1 trillion 750 billion yen. This was due to strong performance in the customer division, as well as improvements in profit margins from rising yen interest rates and the sale of shareholdings. The annual dividends plan is set at 60 yen per share, in line with previous indications.
Kibun Foods: Half Year Report - Term 87 (2024/04/01 - 2025/03/31)
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