Profits down 39% at year-end for Nichii Group
Nichii Gakkan has released its full year results, showing that the Tokyo-based company has recorded sales of ¥283,767m, up just under 3%. The company, however, reported profits of ¥854m for the nine-month period, 39.1% behind its forecast.
Akihiko Terada, chairman, president & CEO of Nichii Group, said for its next full year the company is forecasting sales of ¥314,500m and a profit of ¥6,300m.
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