Meito Sangyo Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023
November 07, 2022 at 02:00 am EST
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Meito Sangyo Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2023. For the year, the company expects net sales of JPY 22,000 million, operating profit of JPY 500 million, Profit attributable to owners of parent of JPY 1,100 million or JPY 65.11 per share basic.
Meito Sangyo Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of food and chemical products, as well as the real estate business. The Company operates through three business segments. The Food segment manufactures and sells chocolate, powdered beverages, baumkuchen, jelly, ice cream, candy, cakes, nutritional foods, and others. The Chemicals segment includes rennet (coagulant for cheese), lipase (lipolytic enzyme), dextran (plasma expander, blood flow improver and others), fragrance (food additive), dextran sulfate (hyperlipidemia) Dextran magnetite (MRI contrast agent, medical equipment materials and others), mixed feed, dextran iron (animal drug), among others. The Real Estate segment in involved in the management of golf courses and the leasing of real estate.
MEITO SANGYO CO., LTD. 
