Meiji Holdings Co., Ltd.
Notice Regarding Recording of Special Loss (Impairment Loss) and Revision of Consolidated Earnings Guidance
Due to recording an impairment loss of approximately 19.4 billion yen related to the China subsidiary in the Food segment, the forecast for net income attributable to owners of parent for the fiscal year ending March 2026 has been downwardly revised to 3,650 million yen (previous forecast: 5,400 million yen).
Key Figures
- Impairment Loss: Approximately 19.4 billion yen (Fixed assets of China subsidiary in Food segment)
- Ordinary Income Forecast: 93,000 million yen (Up 6.3% from previous forecast)
- Net Income Attributable to Owners of Parent Forecast: 36,500 million yen (Down 32.4% from previous forecast)
AI要約
Regarding the Recording of Impairment Loss
In the fourth quarter of the fiscal year ending March 2026, an impairment loss of approximately 19.4 billion yen will be recorded as a special loss on fixed assets of the China subsidiary in the Food segment. This is due to sales growth falling short of plans in the Daily and BtoB businesses after an impairment loss of approximately 14.3 billion yen was recorded in the fiscal year ending March 2024, as well as deteriorated profitability in the Cocoa and Ice Cream businesses caused by increased manufacturing overhead and rising raw material costs.
Details of Revision to Full-Year Consolidated Earnings Guidance
For the fiscal year ending March 2026, net sales and operating income forecasts remain unchanged from the previous forecast. Ordinary income has been revised upward to 93,000 million yen, exceeding the previous forecast, reflecting changes in the scope of equity-method affiliates and recorded foreign exchange gains. Conversely, due to the recording of special losses, net income attributable to owners of parent has been downwardly revised to 36,500 million yen (previous forecast: 54,000 million yen). The dividend forecast remains unchanged.
