JAPAN: Fujiya expects losses as assets sold
Disgraced Japanese confectioner Fujiya said today (13 March) that it anticipates a group net loss of JPY6.7bn (US$57.1m) in the current financial year, which will end on 31 March, after the company was rocked by a scandal concerning the use of out-of-date ingredients in the production of confectionery. The group had previously forecast profits of JPY800m.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Does Kraft Heinz want to swallow Unilever whole?
- Focus: Nestle CEO plan to balance sales, earnings
- Will Kellogg's DSD exit help it grow in US snacks?
- Comment: Meal kits in US - don't believe the hype
- Is Mondelez's margin target hurting sales?
- Nestle plans restructuring as 2016 profit misses
- Kraft Heinz pursuing Unilever in takeover move
- Kraft Heinz returns to organic growth, ups margins
- Danone eyes efficiency, agility with new structure
- General Mills issues profit warning