JAPAN: Kikkoman lowers profit forecast
Japanese soy sauce producer Kikkoman Group has forecast a significant drop in net profit for its 2008/2009 fiscal year.
For the 12 months to 31 March, net profit is forecast to drop to JPY2.2bn (US$22.3m) from JPY8.8bn in the previous year.
Revenue, however, is expected to remain flat at JPY405bn, the same figure as in 2007.
Kikkoman also expects operating profit to remain flat at JPY19bn, and pre-tax profit at JPY16.5bln, the same figure as the previous year, local reports said yesterday (25 March).
Sectors: Commodities & ingredients
- Focus: Danone CEO Faber puts stamp on business
- Cleaning up Tesco will have mixed supplier impact
- The just-food interview: Doux CEO Arnaud Marion
- Why new laws on food labels can benefit business
- Bitesize interview: Cricketer Farm MD Greg Parsons
- General Mills outlines "aggressive" NPD drive
- Coles supplier payments broke competition law
- Lay's heads "billionaire food brands" list
- Australia consumer watchdog probes raw milk sales
- Wessanen to buy dairy-free drinks firm Abafoods