Yakult has lifted its forecasts for annual sales and earnings after an increase in revenue and profits in the Japanese group’s second quarter.
The company said today (7 November) it expects its net sales to hit JPY370bn in the year to the end of March, 5.6% higher than a year earlier.
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Yakult has forecast a 7.7% rise in operating income to JPY34.5bn and estimated net income will rise 6.5% to JPY24bn.
The new forecasts were published alongside Yakult’s results for its second quarter, which ran until 30 September.
Net sales climbed 4.5% to JPY180.5bn. Sales from Yakult’s overseas food and beverages division increased 17.1%, which offset a 0.8% dip in Japan.
However, Yakult’s Japanese business contributed to a 7.9% increase in operating income to JPY16.64bn. Net income rose 12.8% to JPY12bn.
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By GlobalData
