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S Foods Inc. ( (JP:2292) ) has shared an announcement.
S Foods Inc. announced that its subsidiary, SFJ HOLDINGS LIMITED, has recorded an operating loss due to weak sales to China, impacting inventory valuations. Consequently, the company has revised its financial forecast for the fiscal year, anticipating lower profits due to increased raw material costs and higher live cattle prices in the U.S., which may affect stakeholders’ expectations.
More about S Foods Inc.
S Foods Inc. operates in the food industry, focusing on cattle fattening and related businesses, with a market presence in regions such as New Zealand.
YTD Price Performance: -10.60%
Average Trading Volume: 121,410
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen71.8B
For a thorough assessment of 2292 stock, go to TipRanks’ Stock Analysis page.