date:Aug 15, 2012
segment fell 1.7% in Q1 to $869.8 (JPY 68.4bn) and its operating income dropped 113% to -$2.5m (JPY -0.2bn).
Deflation hurts chocolate
Meiji said in its financial release: The Japanese economy, despite showing a gradual recovery from the Great East Japan Earthquake, has been impacted by deflation, the prolonged depreciation of the yen, and concerns of a global economic recession resulting from the European debt crisis.
The company said that its confectionery sales had enjoyed sales gains shor