Megmilk Snow Brand Co.,Ltd. Revises Consolidated Earnings Guidance for the First Half and Full Year Ending March 31, 2024
October 26, 2023 at 10:00 pm EDT
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MEGMILK SNOW BRAND Co.,Ltd. revised consolidated earnings guidance for the First half and Full year ending March 31, 2024. For the first half, company revised Net sales of JPY 306,000 million compared to JPY 306,000 million previously forecasted, Operating profit of JPY 11,200 million compared to JPY 7,000 million previously forecasted, Profit attributable to owners of parent of JPY 7,700 million compared to JPY 5,000 million previously forecasted and Profit per share of JPY 114.00 per share compared to JPY 74.03 per share as previously forecasted.
For the year, company revised Net sales of JPY 616,000 million compared to JPY 616,000 million previously forecasted, Operating profit of JPY 18,200 million compared to JPY 14,000 million previously forecasted, Profit attributable to owners of parent of JPY 12,200 million compared to JPY 9,500 million previously forecasted and Profit per share of JPY 180.62 per share compared to JPY 140.65 per share as previously forecasted.
MEGMILK SNOW BRAND Co., Ltd. is a company mainly engaged in the dairy products and beverage business. The Company operates in three business segments. The Dairy Product segment is engaged in the manufacture and sale of cheese, butter, dry milk and other dairy products, margarine and other fat and oil products, as well as baby milk powder and other baby care supplies. The Drink and Dessert segment is engaged in the manufacture and sale of beverage such as milk and fruit juice and others, yoghurt and dessert, among others. The Feed and Seed segment is engaged in the manufacture and sale of cattle feed, seed of grass and feed crop, as well as vegetable seed. The others business is engaged in the rental of real estate and the operation of cooperative distribution centers.
MEGMILK SNOW BRAND CO.,LTD. 
