JM Holdings' Profit Falls 11% in Fiscal H1

MT Newswires Live16:47

JM Holdings' (TYO:3539) profit attributable to owners of the parent fell 11% to 2.51 billion yen for the fiscal first half, from 2.83 billion yen a year earlier.

The meat-focused supermarket operator's earnings per share declined to 49.22 yen from 54.94 yen a year ago, according to a Tokyo bourse filing on Monday.

Net sales rose 9% to 101.2 billion yen for the six months ended January from 92.8 billion yen in the prior year.

For the fiscal year ending July, the company expects attributable profit of 7 billion yen, basic EPS of 137.37 yen, and net sales of 196 billion yen.

JM plans to pay a year-end dividend of 12.00 yen per share for the current fiscal year, which is lower than the 24.00 yen per share paid in the year-ago period.

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