Nissin Foods Holdings Co.,Ltd. revised consolidated earnings guidance for the fiscal year ending March 31, 2023. For the period, the company revised revenue guidance from JPY 595,000 million to JPY 660,000 million, operating profit from the range of JPY 47,000 million - JPY 49,500 million to JPY 52,000 million, profit attributable to owners of the parent from the range of JPY 31,000 million - JPY 33,000 million to JPY 38,000 million and basic earnings per share from the range of JPY 303 - JPY 322 to JPY 374. The Company revised its financial results forecast for the full year as noted above based on account results for the first nine months of the year and the outlook for the fourth quarter.

While the domestic business is expected to continue to face a difficult business environment due to soaring raw material and energy costs, both revenue and profit are expected to exceed the previous forecast mainly due to strong performance of the overseas business driven by the Americas.