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Recall cost Maruha Nichiro $34m, drives 39% drop in profit

Japanese conglomerate sees sales increase marginally in first three quarters of 2013/2014 year, but net profit drops due to JPY 3.5bn ($34m) hit from frozen foods recall

By Undercurrent News | Feb. 3, 2014 09:42 GMT
Maruha Nichiro set for more overseas M&A as ex-Japan sales pass $1bn
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Maruha Nichiro set for more overseas M&A as ex-Japan sales pass $1bn
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Maruha Nichiro's recall of 6.4 million packs of frozen products due to a poisoning case at its subsidiary Aqli Foods cost the Japanese conglomerate JPY 3.5 billion ($34 million) in the last quarter of 2013. [...]

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