Kewpie's share price rose to near a record high. The announcement of price increases for mayonnaise and other consumer products raised expectations for earnings improvement, and the share price renewed its all-time high for the first time in approximately 1 month.
Kewpie extended its winning streak to 4 sessions, rising ¥160 from the previous day to ¥4,929. The company has announced price increases for a total of 224 consumer products, including mayonnaise and dressings, and 601 foodservice products, including seasonings, from shipments on 1 November.
Buying has prevailed following the price increase announcement, as the price revisions are expected to improve earnings. The article cites surging raw material and packaging material costs as the backdrop, but does not state specific amounts.
The share price renewed its split-adjusted all-time high for the first time in approximately 1 month, drawing market attention to expectations for an improvement in the company's performance. The article is on a members-only page, so access to the remainder depends on the user's viewing conditions.