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Shoei Foods Corporation ( (JP:8079) ) has provided an update.
Shoei Foods Corporation announced a revision of its consolidated earnings forecast for the fiscal year ending October 31, 2025, due to differences between projected and actual financial results for the first half of the year. Despite exceeding initial sales forecasts by over 10% due to price increases, the company reported a decrease in profit attributable to owners of the parent by 11.1%, largely due to extraordinary losses from a labor lawsuit in the United States. The company has adjusted its full-year forecast to reflect these developments.
More about Shoei Foods Corporation
Shoei Foods Corporation is a company listed on the Tokyo Stock Exchange, primarily involved in the food industry. It focuses on the production and distribution of various food products, catering to both domestic and international markets.
Average Trading Volume: 57,360
Technical Sentiment Signal: Hold
Current Market Cap: Yen68.42B
See more data about 8079 stock on TipRanks’ Stock Analysis page.