Hagoromo Foods, a Japanese canned tuna and other foods manufacturer, reported a decline in sales and profitability for its second quarter, linked to the earthquake and tsunami.
Hagoromo announced its consolidated performance of the second quarter as follows: sales of ¥39.933 billion (€383.8 million/$519.4 million), down 3 percent year-on-year and net income of ¥569 million (€5.5 million/$7.4 million), down 18.8 percent.
For this current fiscal year the company projects sales of ¥79 billion (€759.2 million/$1 billion) and net profit ¥750 million (€7.2
