Morinaga&Co., Ltd. Revises Consolidated Earnings Guidance for Fiscal Year Ending March 31, 2024
November 10, 2023 at 01:00 am EST
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Morinaga & Co., Ltd. revised consolidated earnings guidance for Fiscal Year Ending March 31, 2024. For the period, the company now expects net sales to be JPY 210,000 million, Operating income to be JPY 18,700 million, Profit attributable to be JPY 13,600 million, and Net income per share to be JPY 148.62 compared to the previous guidance of net sales to be JPY 204,000 million, Operating income to be JPY 17,300 million, Profit attributable to be JPY 12,200 million, and net income per share to be JPY 132.59 provided previously.
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.