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An update from Morinaga Milk Industry Co., Ltd. ( (JP:2264) ) is now available.
Morinaga Milk Industry Co., Ltd. has revised its full-year consolidated earnings forecast for the fiscal year ending March 31, 2025. While operating and ordinary profits are expected to exceed previous forecasts due to successful global business operations and cost reductions, the profit attributable to owners of the parent is projected to fall significantly due to extraordinary losses from impairment in overseas subsidiaries. This adjustment reflects challenges faced by subsidiaries in Pakistan, the U.S., and Vietnam, necessitating a review of their profitability.
More about Morinaga Milk Industry Co., Ltd.
Morinaga Milk Industry Co., Ltd. is a prominent player in the dairy industry, primarily focusing on the production and distribution of milk, dairy products, and other nutritional foods. The company operates on a global scale, with a significant market presence in various countries.
YTD Price Performance: 9.09%
Average Trading Volume: 423,143
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen279.3B
Learn more about 2264 stock on TipRanks’ Stock Analysis page.