View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
May 7, 2002

JAPAN: Morinaga Milk raises earnings estimates

Japanese dairy company Morinaga Milk today [Tuesday] raised its earnings estimate for the fiscal year ended 31 March. The company is now forecasting group net profits of ¥4.5bn (US$0.03bn) for the period under review, up from the earlier prediction of ¥3.1bn. The gain has come from the recent dissolution of the company’s pension fund, which generated a ¥2.3bn one-time profit.

Japanese dairy company Morinaga Milk today [Tuesday] raised its earnings estimate for the fiscal year ended 31 March.

The company is now forecasting group net profits of ¥4.5bn (US$0.03bn) for the period under review, up from the earlier prediction of ¥3.1bn. The gain has come from the recent dissolution of the company’s pension fund, which generated a ¥2.3bn one-time profit.

Sales and pre-tax profits were also raised slightly to ¥527bn and ¥11.3bn respectively.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food