Morinaga Milk Industry Co., Ltd. (JP:2264) has released an update.
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Morinaga Milk Industry Co., Ltd. reports a marginal increase in net sales by 0.6% year-over-year in the first quarter, with a slight rise in gross profit by 1.7%. However, the operating profit declined by 11.7% compared to the previous year. Earnings per share (EPS) saw a dramatic decrease, showing a 90% drop year-over-year, reflecting significant challenges for the company.
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