tiprankstipranks
Trending News
More News >

Shoei Foods Revises Earnings Forecast Amid Legal Costs

Story Highlights
  • Shoei Foods revises its earnings forecast due to discrepancies in projected and actual results.
  • Profit decreased by 11.1% due to extraordinary losses from a U.S. labor lawsuit.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Shoei Foods Revises Earnings Forecast Amid Legal Costs

Don’t Miss TipRanks’ Half-Year Sale

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1