The Japanese Nissui group had positive overall results in its first quarter 2013 report, but the increases paled compared to last year, and in some areas the company recorded losses.
Net sales were up, recorded at JPY 142.4 billion (USD 1.5 billion, EUR 1.1 billion), but that’s only a 1.1 percent increase over net sales from 1Q 2012, and those were a 4.3 percent increase over 2011. Likewise, operating revenue was also up, at JPY 2.6 billion (USD 27.1 million, EUR 20.4 million), but that was only 1.9 percent higher than last year’s numbers. The 2012 1Q income figures were an increase of 28.1 percent over 2011.
The company’s marine products division recorded losses, with sales dropping JPY 2.9 billion (USD 29.7 million, EUR 22.3 million) to JPY 53.8 billion (USD 550.1 billion, EUR 413.9 billion), and operating income dropping JPY 66 million (USD 675.6 million, EUR 507.7 million) compared to 2012 to JPY 512 million (USD 5.2 million, EUR 3.9 million).
The company’s food products business reported in 1Q 2013 JPY 72.4 billion yen (USD 741 million, EUR 556.8 million), up by JPY 3.4 billion (USD 34.8 million, EUR 26.1 million) over 2012, but operating income had dropped by JPY 71 million (USD 726.5 million, EUR 546 million) to JPY 778 million (USD 8 million, EUR 6 million). Despite these numbers, the company’s fine chemicals and general distribution businesses seemed to fare better, with larger number increases.
The company indicated no change to its projections released In May for the fiscal year ending March 2014.
