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Nichirei Corporation ( (JP:2871) ) has shared an update.
Nichirei Corporation has revised the financial targets for the final year of its medium-term business plan, “Compass × Growth 2027,” after concluding that initial goals will take longer to achieve amid higher-than-expected raw material costs and inflation-driven changes in consumer behavior. The company adjusted its FY2027 targets to net sales of ¥777.3 billion, operating profit of ¥45.2 billion, and profit attributable to owners of parent of ¥32.0 billion, all below original plans but still aiming for ROIC and ROE of 8% and 10% or higher, respectively, signaling a shift toward more attainable growth while maintaining profitability and overseas expansion priorities.
The most recent analyst rating on (JP:2871) stock is a Buy with a Yen2400.00 price target. To see the full list of analyst forecasts on Nichirei Corporation stock, see the JP:2871 Stock Forecast page.
More about Nichirei Corporation
Nichirei Corporation is a Japan-based food company listed on the Tokyo Stock Exchange Prime Market under securities code 2871. It operates in the processed foods and related businesses, with a growing focus on overseas markets, as reflected in its increasing overseas sales ratio under its medium-term business plan.
Average Trading Volume: 1,152,441
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen478.6B
Find detailed analytics on 2871 stock on TipRanks’ Stock Analysis page.