Megmilk Snow Brand Co., Ltd. Provides Earnings Guidance for the Second Quarter and Full Year Ending March 31, 2022
May 12, 2021 at 10:00 pm EDT
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Megmilk Snow Brand Co., Ltd. provided earnings guidance for the second quarter and full year ending March 31, 2022. For the second quarter, the company expects net sales to be JPY 288,000 million, operating profit to be JPY 10,800 million, profit attributable to owners of parent to be JPY 6,800 million and profit per share to be JPY 100.69.
For the full year, the company expects net sales to be JPY 570,000 million, operating profit to be JPY 20,500 million, profit attributable to owners of parent to be JPY 12,500 million and profit per share to be JPY 185.10.
MEGMILK SNOW BRAND Co., Ltd. is a company mainly engaged in the dairy products and beverage business. The Company operates in three business segments. The Dairy Product segment is engaged in the manufacture and sale of cheese, butter, dry milk and other dairy products, margarine and other fat and oil products, as well as baby milk powder and other baby care supplies. The Drink and Dessert segment is engaged in the manufacture and sale of beverage such as milk and fruit juice and others, yoghurt and dessert, among others. The Feed and Seed segment is engaged in the manufacture and sale of cattle feed, seed of grass and feed crop, as well as vegetable seed. The others business is engaged in the rental of real estate and the operation of cooperative distribution centers.