The Nisshin Oillio Group,Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024
November 08, 2023 at 01:00 am EST
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The Nisshin OilliO Group,Ltd. revised consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, the company now expects Net sales to be JPY 510,000 million compared to JPY 540,000 million previous guidance, Operating profit to be JPY 18,000 million compared to JPY 16,000 million previous guidance, Profit attributable to owners of parent to be JPY 12,500 million compared to JPY 11,500 million previous guidance and Basic earnings per share to be JPY 385.65 compared to JPY 354.82 previous guidance.
Nisshin OilliO Group Ltd is a Japan-based company mainly engaged in oil and meal and processed food businesses, processed oil and fat business as well as fine chemicals business. The Company has three segments. The Oil and Meal and Processed Food business is mainly engaged in manufacturing and sales of edible oils for house hold use, edible oils for commercial use, edible oils for food processing, oil meals, food soybeans, wellness food, soy protein and tofu and others. The Processed Oil and Fat business is mainly engaged in manufacturing and sales of processed palm products, fats and oils for chocolate, margarine, shortenings and chocolate related products, etc. The Fine Chemicals business is mainly engaged in manufacturing and sales of raw materials for cosmetics, chemical products, medium chain triglyceride (MCT), lecithin, tocopherols, detergents, sterilizing detergents and surfactants. Other business includes information related services, sales promotions and others.
THE NISSHIN OILLIO GROUP,LTD. 
