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Japan Foods reports record revenue, earnings up 27.7%

The Edge Singapore
The Edge Singapore • 2 min read
Japan Foods reports record revenue, earnings up 27.7%
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Japan Foods Holding(SGX:5OI) has reported earnings of $4.1 million for the year ended March 31, up 27.7% over the preceding FY2022. Revenue in the same period was up 43.8% y-o-y to a record $78.5 million.

The company attributes the better showing to generally higher sales across its various outlets, the addition of new brand concepts and most importantly, strong momentum from its outlets catering to the halal segment.

The halal segment contributed around a third of the company's total revenue in FY2023, versus around a quarter in the preceding FY2022.

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