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Kobayashi Pharmaceutical reports first net profit decline in 26 years, hit by supplement health issues.
Kobayashi Pharmaceutical reported its first net profit decline since 1999, with a 50.5% drop to 10 billion yen, due to health issues linked to its supplements.
The company's revenue decreased 4.5% to 165.6 billion yen, and it faced an extra 12.7 billion yen loss from recalling products and compensating over 770 affected victims.
Despite these challenges, Kobayashi forecasts a revenue of 171 billion yen for the next fiscal year.
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Kobayashi Pharmaceutical reporta la primera disminución neta del beneficio en 26 años, afectada por problemas de salud complementarios.