Kobayashi Pharma Logs 1st Net Profit Drop since 1999 Listing

From Jiji

February 10 2025

OSAKA – Kobayashi Pharmaceutical Co. said Monday that it suffered the first year-on-year decline in its group net profit since its stock listing in 1999 in the business year ended in December last year.

The company’s net profit plunged 50.5 pct to 10,067 million yen in the aftermath of a health hazard scandal involving its supplements containing “beni koji” red fermented rice.