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
- SIAL 2014: Greek yoghurt firm Fage targets Europe
- Why Nestle is relaxed about the China "drag"
- On the money: Spreads, ice cream top Unilever woes
- Focus: Will Danone return to growth in dairy?
- SIAL: French firm Michel et Augustin to enter US
- SIAL 2014: Premier in talks over US manufacturing
- Symington's acquires Tanfield Foods
- Kellogg, Nestle slammed for "chaotic" salt policy
- Heinz silent over Polish factory expansion talk
- Danone "eyes acquisition of Mead Johnson"