Morinaga&Co., Ltd. Revises Consolidated Earnings Guidance for the Year Ending March 31, 2024
February 08, 2024 at 01:00 am EST
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Morinaga&Co., Ltd. revised consolidated earnings guidance for the year ending March 31, 2024. For the year, the company expects net sales of ¥211,000 million compared to previous guidance of ¥210,000 million, operating income of ¥19,500 million compared to previous guidance of ¥18,700 million, profit attributable to owners of parent of ¥14,200 million compared to previous guidance of ¥13,600 million and net income per share of ¥155.17 compared to previous guidance of ¥148.62.
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.