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.

2 months ago
3 Articles

Further Reading