Nisshin quarterly net income up sharply

by Josh Sosland
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TOKYO — Net income of Nisshin Seifun Group in the first quarter ended June 30 totaled ¥4,630 million ($37.5 million), up 43% from ¥3,231 million in the first quarter of fiscal 2015. Nisshin, which owns Miller Milling Co. in the United States, had revenues in the first quarter of ¥139,610 ($1,131 million), up 15% from ¥120,975 million. Operating profit at Nisshin was ¥5,003 million (441 million), up 26% from ¥3,980 million in fiscal 2015. For the full year, Nisshin has a net income forecast of ¥16,100 million.

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