Prima Meat Packers, Ltd. Revises Earnings Forecast — Net Profit Down 42.5%
Prima Meat Packers, Ltd. (TSE:2281) has revised its earnings forecast for the fiscal year ending March 31, 2026, citing deteriorating performance from its subsidiaries.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 480.0bn | JPY 475.0bn | -1.0% |
| Operating Profit | JPY 12.0bn | JPY 9.10bn | -24.2% |
| Ordinary Income | JPY 13.0bn | JPY 11.4bn | -12.3% |
| Net Profit | JPY 8.00bn | JPY 4.60bn | -42.5% |
| EPS | JPY 159.17/share | JPY 91.52/share | -42.5% |
The company attributed the downward revision to a decline in revenue at its vendor subsidiary, which led to worsening operating performance. As a result, Prima Meat Packers expects to record fixed asset impairment losses and write-downs of deferred tax assets. Additional impairment charges are also anticipated at other subsidiaries, including losses on intangible assets.
Investors should note that the revised forecast reflects a significant decline in net profit and EPS, driven by the poor performance of its subsidiaries. The company’s financial results are now expected to fall short of previous projections, highlighting the impact of its subsidiaries’ underperformance. Continued impairment charges could further pressure profitability in the coming quarters.
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.