Nissin Foods Holdings Co ( (NFPDF) ) has released its Q3 earnings. Here is a breakdown of the information Nissin Foods Holdings Co presented to its investors.
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Nissin Foods Holdings Co., Ltd. is a Japanese company primarily engaged in the production and sale of instant noodles, operating in the food manufacturing industry with a strong global presence.
In its latest earnings report for the nine months ending December 31, 2024, Nissin Foods Holdings Co. reported a year-on-year increase in revenue by 6.1% to ¥582,277 million, while profits showed a decline across various metrics compared to the previous year.
Despite the growth in revenue, Nissin Foods experienced a decrease in core operating profit by 7.4% and operating profit by 11.8%, reflecting increased costs and expenses. The profit attributable to owners of the parent fell by 11.2% to ¥43,577 million, with basic earnings per share also declining from ¥161.32 to ¥145.33. The company’s equity attributable to owners decreased, signaling challenges in maintaining profitability amidst growing revenues.
Looking ahead, Nissin Foods Holdings Co. aims to continue its investment in new business ventures while managing existing operations. The management remains cautiously optimistic about future financial performance, focusing on strategic investments to sustain growth and enhance shareholder value.
