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WARABEYA NICHIYO HOLDINGS Co., Ltd. ( (JP:2918) ) has issued an announcement.
Warabeya Nichiyo Holdings will close its Murayama Plant No.2 in Musashimurayama, Tokyo, at the end of February 2027 as part of a broader effort to rebuild its domestic production structure and adapt to changes in the external business environment. Production from the plant, which currently manufactures prepared foods for convenience stores and employs 248 workers, will be transferred to other group facilities to maintain output while improving overall productivity, with affected employees reassigned within the group. The company expects higher depreciation expenses due to shortened useful lives of fixed assets from the fiscal years ending February 2026 to February 2027, but it is maintaining its earnings forecast for the fiscal year ending February 2026.
The most recent analyst rating on (JP:2918) stock is a Buy with a Yen3646.00 price target. To see the full list of analyst forecasts on WARABEYA NICHIYO HOLDINGS Co., Ltd. stock, see the JP:2918 Stock Forecast page.
More about WARABEYA NICHIYO HOLDINGS Co., Ltd.
Warabeya Nichiyo Holdings Co., Ltd. is a Japanese food manufacturer whose core domestic business centers on producing and selling prepared foods for convenience stores, operating multiple plants nationwide to supply major retail chains and support the ready-to-eat food market.
Average Trading Volume: 86,191
Technical Sentiment Signal: Buy
Current Market Cap: Yen57.63B
See more data about 2918 stock on TipRanks’ Stock Analysis page.