Toyo Suisan Kaisha, Ltd.
Notice Regarding Revision to Earnings Forecasts of Consolidated Subsidiary
Consolidated subsidiary Yutaka Foods revised its earnings forecasts. Interim and full-year sales and profit forecasts were both revised downward, mainly due to sharp increases in raw material prices and currency effects. The company states the impact on the parent is minor.
Key Figures
- Interim sales: 8,313 million yen (previously 9,?)
- Interim operating income: -67 million yen
- Full-year sales: 15,957 million yen
- Full-year operating income: -304 million yen
- Net income per share (Full Year): -23.03 yen
AI要約
Facts and Key Points
Consolidated subsidiary Yutaka Foods Co., Ltd. revised its earnings forecast for the second quarter of the fiscal year ending March 2027. While interim sales were revised upward from the previous forecast, operating income, ordinary income and net income substantially missed prior forecasts. Full-year forecasts likewise show slightly higher sales but lower profit items compared with the prior forecast. The main causes cited are sharp increases in raw material prices (particularly naphtha-derived materials), higher production costs due to yen depreciation, and impacts related to Middle East conditions.
Impact on Investors and Outlook
The revision is said to have only a minor impact on consolidated results, but since downward revisions to profitability are expected to continue, measures to control raw material costs and implement selling price revisions remain important. Although the direct effect on the company's consolidated results is described as limited, continued attention to currency and raw material trends is necessary.
Toyo Suisan Kaisha, Ltd.
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