Shoei Foods Corporation reported consolidated earnings results for the first quarter of January 2020. For the quarter, the company reported net sales of JPY 28,834 million compared to JPY 28,992 million a year ago. Operating profit was JPY 1,538 million compared to JPY 1,281 million a year ago. Profit attributable to owners of parent was JPY 1,186 million compared to JPY 899 million a year ago. Basic earnings per share were JPY 70.13 compared to JPY 53.08 a year ago.

The company provided earnings guidance for the quarter ending April 2020 and October 2020. For the quarter ending April 2020, the company expects net sales to be of JPY 58,500 million. Operating profit expected to be of JPY 2,850 million. Ordinary profit expected to be of JPY 2,800 million. Profit attributable to owners of parent expected to be of JPY 1,850 million. Basic earnings per share expected to be of JPY 109.14.

For the quarter ending October 2020, the company expects net sales to be of JPY 108,000 million. Operating profit expected to be of JPY 4,400 million. Ordinary profit expected to be of JPY 4,300 million. Profit attributable to owners of parent expected to be of JPY 2,850 million. Basic earnings per share expected to be of JPY 168.14.