*As Glico will apply the "Accounting Standards for Revenue Recognition" (ASBJ Statement No. 29) beginning with the first quarter of FYE December 31, 2022., the following earnings forecasts are based on said accounting standards.
*Some selling expenses (rebates, etc.) that were previously recorded as selling, general, and administrative expenses are now deducted from net sales.
Net sales: Despite the lockdown in Shanghai, China, and struggles of the Confectioneries and Milk and Dairy Product businesses in Japan, other segments, including overseas and the Health Business category, performed well, resulting in a 0.9% increase YoY.
Operating income: Decreased -31.0% YoY due to the lockdown in Shanghai, China, and struggling domestic operations.
EZAKI GLICO Co. Ltd. published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 07:46:04 UTC.
Ezaki Glico Co., Ltd.is a Japan-based company mainly engaged in the manufacture and sale of food products. The Company operates in five business segments. Confectionery & Food segment provides chocolate, gum, biscuits, snacks, curry roux, and retort products. Frozen Confectionery segment provides ice creams and other products. Dairy Products segment provides milk beverages and Western confectionery. Food Ingredients segment provides starch and pigments. Overseas segment provides confectionery and frozen desserts in other countries. The Company is also involved in the manufacture and sale of health-related foods, the sale of confectionery in office, as well as the maintenance and development of information systems.
EZAKI GLICO CO., LTD. 
