Morinaga Milk Industry Co., Ltd. (JP:2264) has released an update.
Morinaga Milk Industry Co., Ltd. reported a slight increase in net sales by 0.6% in the first quarter of FY2025 but faced a steep decline in profit attributable to owners of the parent by 90%. Despite a dip in Q1 performance, the company forecasts a year-on-year increase in net sales and operating profit for the full fiscal year. The firm has also announced a projected annual dividend of 90 yen per share for the fiscal year ending March 31, 2025.
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