Japanese dairy-to-confectionery group Ezaki Glico has lifted its forecast for annual profits.
The company, which owns the Pocky confectionery brand, expects net income for the year to 1 April to reach JPY8.2bn (US$83.5m). It had forecast JPY4.6bn.
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Ezaki Glico sees operating income hitting JPY10.5bn, compared its previous forecast of JPY6.2bn.
For the 12 months to 31 March this year, Ezaki Glico booked net income of JPY3.29bn and operating income of JPY4.54bn.
The group, which sells Pocky in Europe under the Mikado name through a venture with Mondelez International, also revised its sales forecast upwards.
It now sees revenue reaching JPY315bn. The company had forecast sales of JPY314bn. Last year, Ezaki Glicio booked turnover of JPY293bn.
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By GlobalData
