NICHIREI CORPORATION announced that it would raise its consolidated net profit forecast for the fiscal year ending December 2026 to ¥21.4 billion. The sale of cross-shareholdings is expected to boost profit, and the fiscal year-end will also change for domestic operations to a 9-month period from April through December.
NICHIREI CORPORATION announced a consolidated net profit forecast of ¥21.4 billion for the fiscal year ending December 2026. The forecast is expected to exceed the previous estimate, with the sale of cross-shareholdings cited as a factor supporting profit after the company proceeded with the sale.
Under the change to the fiscal year-end, the reporting period for domestic operations will cover 9 months from April through December, while overseas operations will continue to use a 12-month period. This will change the composition of the reporting periods.
The previous forecasts for sales and operating profit were ¥618.5 billion and ¥30 billion, respectively, with the sale of cross-shareholdings cited as a factor supporting profit during the period.