Morinaga&Co., Ltd. Provides Consolidated Earnings Forecasts for the Interim Period of 2023 and Fiscal Year Ending March 31, 2023
August 10, 2022 at 02:00 am EDT
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Morinaga&Co., Ltd. provided consolidated earnings forecasts for the interim period of 2023 and fiscal year ending March 31, 2023. For the interim, company expects net sales to be ¥99,000 million, Operating income to be ¥10,700 million, Profit attributable to owners of parent to be ¥6,900 million and Net income per share to be ¥141.30.
For the year, company expects net sales to be ¥190,000 million, Operating income to be ¥16,500 million, Profit attributable to owners of parent to be ¥10,700 million and Net income per share to be ¥219.12.
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.