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Prima Meat Packers Revises Segment Profits After Data Error

Story Highlights
  • Prima Meat Packers corrected segment data, trimming processed foods profit to ¥6.75 billion.
  • Fresh meat profit was revised up to ¥1.57 billion, offsetting hog shipment pressures.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Prima Meat Packers Revises Segment Profits After Data Error

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The latest announcement is out from Prima Meat Packers,Ltd. ( (JP:2281) ).

Prima Meat Packers corrected its nine-month segment figures after discovering errors in the previously released results, reducing processed foods operating profit to ¥6.75 billion while lifting fresh meat profit to ¥1.57 billion, with other divisions unchanged; the revised mix highlights resilience in meat sales despite hog shipment pressure and shows vendor-channel weakness weighing on processed products.

The most recent analyst rating on (JP:2281) stock is a Hold with a Yen2964.00 price target. To see the full list of analyst forecasts on Prima Meat Packers,Ltd. stock, see the JP:2281 Stock Forecast page.

More about Prima Meat Packers,Ltd.

Prima Meat Packers, Ltd. is a Tokyo-listed food processor specializing in packaged ham, sausage, processed foods, and fresh meat, serving Japan’s consumer and institutional markets through distinct segment reporting.

Average Trading Volume: 161,199

Technical Sentiment Signal: Buy

Current Market Cap: Yen138.8B

For an in-depth examination of 2281 stock, go to TipRanks’ Overview page.

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