Japanese food giant Ajinomoto has said its earnings forecast for the fiscal year ended 31 March will be impacted by the strength of the yen.

The retailer said it now expects a net loss of JPY10.23bn (US$103m), which it said is in line with its previous outlook of JPY9bn and JPY13bn.

Net sales are also expected to be slightly lower at JPY1.190tn from JPY1.195tn due to the negative impact of currency translation, however, operating income and ordinary income are projected to reach the previous forecast.

The company’s operating income is expected to improve slightly to JPY40.8m from a previous forecast of JPY40m.