Morinaga&Co., Ltd. Revises Consolidated Earnings Forecasts for the Fiscal Year Ending March 31, 2023
February 10, 2023 at 01:00 am EST
Share
Morinaga&Co., Ltd. revised consolidated earnings forecasts for the fiscal year ending March 31, 2023. For the year, the company expected net sales to be ¥193,500 million, operating income to be ¥14,000 million, profit attributable to owners of parent to be ¥8,900 million, and net income per share to be ¥184.70 compared to previous guidance of net sales to be ¥194,300 million, operating income to be ¥13,500 million, profit attributable to owners of parent to be ¥8,500 million, and net income per share to be ¥176.01.
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.