MEGMILK SNOW BRAND revised its ordinary profit forecast for the current fiscal year down from the previous forecast of ¥21.8 billion to ¥18.8 billion, projecting an 8.2% decline in profit. Ordinary profit for July–September was ¥4.72 billion, down 24.9% year on year. The second-half outlook implies ordinary profit of approximately ¥10.0 billion for October–March.
MEGMILK SNOW BRAND announced on 10 November that it had revised its consolidated ordinary profit forecast for the current fiscal year down from the previous forecast of ¥21.8 billion to ¥18.8 billion. This represents a forecast decline in profit from the previous fiscal year.
Ordinary profit for the first half (April–September) was ¥8.75 billion, down 17.4% year on year. Sales, as stated, indicate performance trends that were a factor in the downward revision.
Ordinary profit for July–September was ¥4.72 billion, down 24.9% year on year. The operating margin deteriorated from 3.6% to 2.8%.
For the second-half outlook, ordinary profit for the second half is estimated at approximately ¥10.0 billion, up 1.5% year on year. The full-year plan was revised based on this estimate.