Meiji Holdings lowered its consolidated net income forecast for the fiscal year ending March 2026 to ¥36.5 billion. Higher manufacturing costs following the start-up of new plants in Shanghai and Guangzhou, soaring cocoa prices and weak sales contributed to the result, and the company recorded an impairment loss of ¥19.4 billion.
Meiji Holdings changed its consolidated net income forecast for the fiscal year ending March 2026 from ¥54 billion to ¥36.5 billion. Accordingly, the company will record an impairment loss of ¥19.4 billion.
Factors include higher manufacturing costs following the start-up of a new plant operated by a Chinese food subsidiary, higher raw material costs due to soaring cocoa prices, and weak sales of some products, including ice cream.