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Takasago Released 2020 Q2 Financial Statement

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During the second quarter, personal consumption and other elements appear to be recovering under the gradual resumption of economic activity.

Takasago has released its financial report for the second quarter, which spans April 1, 2020 to September 30, 2020, reporting ¥77,107 million in net sales, a decrease of 0.8% year-on-year. 

Related: Takasago Named Zero-Emission Challenge Company

Broken into segments, the net sales in the flavors business decreased 2.3% year-on-year to ¥46,659 million.

In the aroma ingredients business, net sales decreased 15.4% year-on-year to ¥5,481 million while the fragrances business net sales rose 8% year-on-year to ¥21,442 million.

In the fine chemical business, net sales decreased 5.5% year-on-year to ¥2,802 million.

Operating profit during this period rose 106.1% year-on-year to ¥3,331 million. Ordinary profit rose 127.1% year on year to ¥3,403 million. Net income attributable to owners of parent rose 82.6% year on year to ¥3,035 million.

Total assets amounted to ¥182,473 million, down ¥356 million compared to the end of the previous fiscal year.