Fujiya Co has revised its consolidated forecast for the 2005 financial year ending 31 March, estimating losses of JPY1.8bn (US$15m) – down from a previously estimated net profit of JPY100m.


However, the consolidated sales revenue forecast remained unchanged at JPY84bn, a report in Japanese News Digest noted.


The company set aside reserves of JPY1.2bn for possible loan losses, writing off impairment costs on its loss-making outlets. An extraordinary loss incurred by one of Fujiya’s subsidiaries also contributed towards the downward revision. 


The company said that it would not pay a year-end dividend for fiscal 2005/6

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now