Nippon Ham reported a 8.7 percent rise in revenue to 384.9 billion yen and a 19.5 percent increase in business profit to 19.4 billion yen for the first quarter of the fiscal year ending March 2027. However, quarterly profit attributable to owners of the parent fell 5.6 percent to 10.8 billion yen, resulting in a net profit decline. In its core meat business, appropriate pricing and inventory management of imported meat boosted profits, while the processed foods segment saw lower earnings due to soaring raw material costs affected by the Middle East situation. Full-year earnings forecasts were left unchanged, as sluggish net profit growth prevented an upward revision despite solid mainstay operations. The stock price fell more than 8 percent from the previous day to 5,796 yen after the earnings announcement.
NH Foods LimitedNet profit fell 5.6% and full-year forecasts unchanged, causing stock to drop over 8%.