Japanese dairy products group Yakult has forecast rising annual revenue and earnings after seeing sales and profits grow in its last financial year.
Yakult on Friday (10 May) targeted net income of JPY20bn (US$196.8m) for the year to the end of March 2014.
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The company posted net income of JPY16.38bn for the 12 months to 31 March this year, an increase of 23.2% on the previous financial year.
Yakult forecast its operating income would hit JPY29bn in its new financial year, compared to JPY23.09bn in the 12 months to March 2013, which was a rise of 10.8% on a year earlier.
Net sales, which increased 2.1% to JPY319.19bn last year, are forecast to reach JPY355bn.
Yakult saw sales and profits from its food and beverage arm increase at home and abroad last year. It revealed it is studying whether to break into Eastern Europe and the Middle East – and enter more markets in Indochina and Latin America.
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