King Jim Co., Ltd. revised consolidated earnings guidance for the first half from June 21, 2023 to December 20, 2023. For the first half, the company expected net sales of JPY 17,890 million, operating loss of JPY 780 million, loss attributable to owners of parent of JPY 420 million and basic loss per share of JPY 14.72 against previous guidance of net sales of JPY 18,000 million, operating loss of JPY 540 million, loss attributable to owners of parent of JPY 200 million and basic earnings per share of JPY 7.01. Reasons for the Revisions: Although the Company strove to increase sales,its sales are expected to be slightly lower than forecast. The Company has deficit is expected to increase due to disposal of inventory of products to combat COVID-19. The
Company has, therefore, revised downward its forecast for net sales and profits, which it announced on October 31, 2023.