Revenue figures for the quarter climbed to 16.98 billion yen, up from 15.75 billion yen a year earlier. Despite this top-line expansion, operating profit contracted to 1.09 billion yen compared to 1.27 billion yen previously. Pretax profit also fell, landing at 1.14 billion yen against the 1.36 billion yen recorded in the prior year. Consequently, earnings per share declined to 4.56 yen from 5.78 yen. These results were prepared in accordance with Japanese accounting standards.
Ichibanya Reports Profit Dip Despite Revenue Growth
A 21 percent slide in net profit hit Ichibanya Co. Ltd. during the first quarter ending May 31, as the Japanese curry chain saw earnings drop to 728 million yen from 922 million yen in the same period last year, according to the company’s latest financial disclosures.
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