Japanese food firm Meiji Seika has lowered its group net profit outlook for the year to March 2004 to ¥1bn (US$9.0m) from ¥4bn.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The company said the revision was made because of a ¥3.6bn special loss related to its early-retirement scheme, reported Dow Jones News.


Meiji Seika did not, however, revise its sales outlook, leaving it unchanged at ¥370bn. The company said sales promotion had helped improve the performance of its three main businesses, food, pharmaceuticals and health care.


The company also lowered its group outlook for the first half to a loss of ¥1bn from a net profit of ¥500m.


For the year to March 2003, Meiji Seika reported group net profit of ¥2.67bn on sales of ¥353.45bn.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now