Beleaguered Japanese dairy products company Snow Brand Milk Products said it is likely to achieve its earnings estimates for the financial year to 31 March.

The company is currently forecasting a group net loss of ¥23bn (US$194.6m) on sales of ¥686bn.

Snow Brand’s president Tadaaki Konose said the company plans to complete its restructuring measures, which include reorganising and selling group companies, by June, reported Dow Jones International News.