Japanese meat company Nippon Meat Packers has said that it does not have any immediate plans to revise its earnings estimate despite a recent sales trend that indicates that it may avoid losses for the financial year to March.
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Nippon Meat said its sales in the October to December period were stronger than expected but it would continue to monitor sales performance before considering a change to its earnings estimate.
The company’s current forecast is for a net loss of ¥1bn (US$8.5m) on sales of ¥900bn for the year to March, a loss that has been attributed to the effects of a meat-labelling scandal last year, reported Dow Jones International News.
