Prima Meat Packers, Ltd. revised earnings guidance for the fiscal year ending March 31, 2023. For the period, the company expects net sales to be JPY 432,000 million against previously announced net sales of JPY 441,000 million, operating profit to be JPY 11,000 million against previously announced operating profit of JPY 16,100 million, profit attributable to owners of parent to be JPY 7,300 million against previously announced profit of JPY 10,600 million and earnings per share to be JPY 145.27 against previously announced earnings per share of JPY 210.95. Regarding the consolidated results forecast for the six months ended September 30, 2022, each of the above stage profits is expected to fall short of the previously announced forecast.

The company profits were affected by rising raw material prices and energy costs and the rapid depreciation of yen, although net sales were higher than those of previous fiscal year.