JAPAN: Snow Brand likely to meet full-year earnings estimates

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.

January 29, 2003

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.