TYO:3563

3 stories mentioning TYO:3563Updated 10d ago

Every FINWIRES story that references TYO:3563, newest first.

Food & Life Companies Nine-Month Profit Climbs 47%

Food & Life Companies (TYO:3563) posted a 47% year-over-year increase in profit attributable to owners of the parent to 26.6 billion yen for the nine months ended June 30 from 18.1 billion yen.The Japan-based food and beverage company's earnings per share increased to 115.68 yen from 78.86 yen a year ago, according to a Tokyo Stock Exchange filing on Friday.Revenues jumped 25% to 390.4 billion yen from 313.2 billion yen in the year-ago period.In a separate filing, the company raised its forecast for the fiscal year ending Sept. 30, with an attributable income of 31.5 billion yen, a basic EPS of 138.73 yen, and revenue of 505 billion yen as consolidated profits at all levels exceeded the company's expectations.The company plans to pay a year-end dividend of 20 yen per share for the current fiscal year.

TYO:3563

Asia82d ago

Food & Life Co. Sets Up Joint Venture with KYORITSU to Address Sustainable Marine Resources

Food & Life Co. (TYO:3563) has decided to establish a joint venture with KYORITSU, following a board resolution on May 27, according to a Tokyo bourse filing on Wednesday.The venture, named FOOD & LIFE KYORITSU MARINE (provisional), aims to resolve the social issue of sustainable marine resource utilization by supporting aquaculture production.Food & Life Co. will hold a 60% stake in the 100 million yen capital joint venture, scheduled to launch in October, making it a specified subsidiary of F&LC.

TYO:3563

Asia101d ago

Food & Life Companies' Profit Jumps 50% in Fiscal H1

Food & Life Companies' (TYO:3563) profit attributable to owners of the parent soared 50% to 17.8 billion yen in the fiscal first half from 11.9 billion yen a year earlier.The food and beverage company's earnings per share increased to 154.95 yen from 103.69 yen a year ago, according to a Tokyo bourse filing on Friday.Revenue jumped 25% to 254.2 billion yen in the six months ended March 31 from 203.8 billion yen in the prior year.In a separate disclosure, Food & Life raised its forecasts for the fiscal year ending Sept. 30, citing better-than-expected performance of its international Sushiro segment.The company now expects attributable profit of 30 billion yen from 24 billion yen initially, basic EPS of 264.26 yen from 211.91 yen, and revenue of 505 billion yen from 485 billion yen.Food & Life also raised its year-end dividend forecast for the year to 40 yen per share from 35 yen per share.

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