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TYO:3038

3 stories mentioning TYO:3038Updated 5d ago

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Asia

Kobe Bussan's Profit Climbs 16% in Fiscal H1

Kobe Bussan's (TYO:3038) profit attributable to owners of the parent rose 16% to 16.5 billion yen in the fiscal first half from 14.3 billion yen a year earlier.The supermarket operator's earnings per share increased to 74.10 yen from 64.14 yen a year ago, according to a Tokyo bourse filing on Friday.Net sales jumped 5.1% to 286.2 billion yen in the six months ended April 30 from 272.3 billion yen in the prior year.For the fiscal year ending Oct. 31, the company expects attributable profit of 29.5 billion yen, basic EPS of 133.24 yen, and net sales of 566.5 billion yen.Kobe Bussan plans to pay a year-end dividend of 32 yen per share for the current year, higher than the 30 yen per share paid in the year-ago period.

TYO:3038
Asia

Kobe Bussan Unit to Acquire Hakuro Sake Brewery

Kobe Bussan (TYO:3038) said its subsidiary Sekihara Sake Brewery will acquire all shares of Hakuro Sake Brewery, making it a sub-subsidiary, to strengthen production capacity and product offerings, according to a Monday filing on the Tokyo Stock Exchange.The deal supports the group's integrated food production and distribution strategy, with Hakuro's koji production technology expected to enhance competitiveness in the sake segment.Sekihara will acquire 52,000 shares, taking its stake to 100%, with the transaction set to complete April 30.

TYO:3038
Asia

Kobe Bussan's March Sales Rise 2.9%

Kobe Bussan's (TYO:3038) March net sales reached 49.1 billion yen, up 2.9% on a non-consolidated basis, according to a Monday filing on the Tokyo Stock Exchange.The supermarket operator's gross profit jumped 7.3% to 5.28 billion yen, while operating profit grew 1.9% to 2.93 billion yen.The Gyomu Super operator opened two direct-managed and five indirectly-run stores in the month, bringing its network to 1,136 locations. There were no closures.Shipments to existing stores in directly managed areas increased 1.4%, and nationwide shipments rose 1.9% from a year earlier.

TYO:3038

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