Meiji Holdings Co., Ltd. Revises Earnings Forecast — Net Profit Down 32.4% on China Impairment
Meiji Holdings Co., Ltd. (TSE:22690) has revised its earnings forecast for the period ending March 31, 2026, citing reduced profitability in certain business segments.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 1,177.0bn | JPY 1,177.0bn | 0 |
| Operating Profit | JPY 91.0bn | JPY 91.0bn | 0 |
| Ordinary Income | JPY 87.5bn | JPY 93.0bn | +JPY 5.5bn (+6.3%) |
| Net Profit | JPY 54.0bn | JPY 36.5bn | -JPY 17.5bn (-32.4%) |
| EPS | JPY 197.80 | JPY 135.00 | -JPY 63.12 (-32.4%) |
The revision reflects the inclusion of special losses related to fixed asset impairment at a Chinese subsidiary and restructuring costs. Additionally, declining sales growth in the Daily and BtoB businesses, increased manufacturing overhead and raw material costs in the cocoa segment, and higher manufacturing expenses due to Shanghai plant operations in the ice cream segment contributed to reduced profitability.
Investors should monitor the company’s ability to improve performance and the extent of the impact from special losses, which have significantly reduced net profit and EPS. The revision highlights ongoing challenges in maintaining profitability across key segments.
Source: Original filing (TDnet) | 日本語版
This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.