Morinaga & Co., Ltd. Provides Earnings Guidance for the First Half Ending September 2020 and Year Ending March 2021
August 11, 2020 at 02:00 am EDT
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Morinaga & Co., Ltd. provided earnings guidance for the first half ending September 2020 and year ending March 2021. For the first half ending September 2020, the company expects to report net sales of JPY 98,700 million, operating income of JPY 10,400 million and profit attributable to owners of parent of JPY 7,200 million or JPY 143.14 per basic share.
For the year ending March 2021, the company expects to report net sales of JPY 198,000 million, operating income of JPY 18,000 million and profit attributable to owners of parent of JPY 12,300 million or JPY 244.53 per basic share.
Morinaga & Co., Ltd. is a Japan-based company mainly engaged in food manufacturing, food wholesale, real estate and services etc. The Company operates in three segments. The Food Manufacturing segment is engaged in manufacturing of confectionaries, foods, frozen desserts, jelly drinks, etc. The Food Wholesale segment is engaged in wholesales of commercial food. The Real Estate and Services segment is engaged in real estate rental business and management of golf courses. Other business involves in the financial services and other activities.
MORINAGA&CO., LTD. 
