The company’s first-quarter sales fell 18.7 percent, as it recorded an operating deficit of ¥187 million (€1.4 million/$1.9 million) for the period ended June 30, the first quarter of its 2009-2010 fiscal year.
Sales tumbled in frozen prepared foods and dried-salted marine foods. Expenses remained the same, so declining sales pressured operating earnings.
Seafood wholesale and cold refrigeration operations saw sales plunge 18.7 percent and 17.1 percent, respectively, compared with last year.
Based on the results of the first quarter, the company revised forecasts for the full fiscal year.
While
