By Kosaku NariokaUnicharm shares rose sharply Monday morning after the Japanese maker of diapers and other hygiene products posted a 9.1% increase in first-half net profit thanks to successful price increases. Unicharm said after Friday's market close that net profit climbed to Y34.67 billion ($244.6 million) from Y31.76 billion in the year-earlier period. The company said price increases in Japan's baby diapers and pet-care products led to profit growth. It said it expects revenue to increase 7.3% to Y963.50 billion and net profit to rise 20% to Y80.90 billion. Write to Kosaku Narioka at kosaku.narioka@wsj.com(END) Dow Jones NewswiresAugust 06, 2023 22:25 ET (02:25 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal August 07, 2023 08:30 UTC