Morinaga Milk Revises Earnings Forecast Amid Overseas Impairment Losses

Morinaga Milk Industry Co., Ltd. ( (JP:2264) ) has issued an announcement.

Morinaga Milk Industry Co., Ltd. has revised its full-year consolidated earnings forecast for the fiscal year ending March 31, 2025, with a significant downward adjustment in profit attributable to owners of the parent, from ¥18.0 billion to ¥5.0 billion. This adjustment is primarily due to recording ¥19.9 billion in impairment losses for overseas subsidiaries, including NutriCo Morinaga in Pakistan and Turtle Island Foods in the U.S. Despite these losses, the company has increased its operating profit forecast due to global business growth and cost reductions, and it plans to implement specific structural reforms moving forward.

More about Morinaga Milk Industry Co., Ltd.

Morinaga Milk Industry Co., Ltd. operates in the dairy industry, focusing on the production and distribution of milk and other dairy products. The company has a significant market presence in Japan and is expanding its operations globally, with subsidiaries in countries like Pakistan, the U.S., and Vietnam.

YTD Price Performance: 9.09%

Average Trading Volume: 423,143

Technical Sentiment Signal: Strong Sell

Current Market Cap: Yen279.3B

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