Morinaga Milk Industry Co., Ltd. Revises Earnings Guidance for the First Six Months Ended September 30, 2023 and for the Fiscal Year Ending March 31, 2024
October 26, 2023 at 07:00 am
Share
Morinaga Milk Industry Co., Ltd. revised earnings guidance for the First Six Months Ended September 30, 2023 and for the Fiscal Year Ending March 31, 2024. For the first Six months, the company expects net sales of JPY 287,000 million, Operating profit of JPY 20,800 million, Profit attributable to owners of parent of JPY 59,100 million and Profit per share of JPY 1,325.87 compared to the previous guidance of net sales of JPY 285,000 million, Operating profit of JPY 13,200 million, Profit attributable to owners of parent of JPY 54,100 million and Profit per share of JPY 1,202.53 provided earlier.
For the full year, the company expects net sales of JPY 550,000 million, Operating profit of JPY 27,000 million, Profit attributable to owners of parent of JPY 61,700 million and Profit per share of JPY 1,395.99 compared to the previous guidance of net sales of JPY 550,000 million, Operating profit of JPY 20,000 million, Profit attributable to owners of parent of JPY 57,700 million and Profit per share of JPY 1,282.55 provided earlier.
Morinaga Milk Industry Co., Ltd. is a Japan-based company mainly engaged in the food business. The Company is mainly engaged in the manufacture and sale of milk products, dairy products, beverages, yogurt products, desserts, ice cream products, condensed milk products, cheese, butter, baby food, health food and other products. The Company is also engaged in the purchase and sale of feed products and pet food, the design and construction of plant facilities, the rental of real estate, as well as the transportation and warehousing business.
Morinaga Milk Industry Co., Ltd. Revises Earnings Guidance for the First Six Months Ended September 30, 2023 and for the Fiscal Year Ending March 31, 2024