Morinaga & Co., Ltd. Revises Earnings Guidance for the Fiscal Year 2022
November 11, 2021 at 01:00 am EST
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Morinaga & Co., Ltd. revised earnings guidance for the fiscal year 2022. The company revised earnings forecast for the current fiscal year 2022, which was announced in May 2021. Net sales are expected to be JPY 179.2 billion, an increase of JPY 4.2 billion from the forecast announced in May 2021. Operating income is expected to be JPY 18 billion, an increase of JPY 1 billion from the forecast. Profit attributable to owners of parent is expected to be JPY 12.8 billion, an increase of JPY 1.1 billion from the forecast.
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.
MORINAGA&CO., LTD. 
