Japan Foods Holding Ltd. provided earnings guidance for the financial year ended 31 March 2024. For the year, the Group is expected to report a net loss for fiscal year 2024, mainly due to the following: higher selling and distribution expenses in fiscal year 2024 compared to that in fiscal year 2023 mainly attributable to increases in manpower cost, utilities expenses, rental expenses and depreciation charges; provision for impairment loss on certain under-performing outlets; and provision for impairment loss on the loan to a joint venture company, Dining Collective Pte Ltd, due to the cessation of operation of the "Siam Smith" brand restaurant in Tokyo.
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5-day change | 1st Jan Change | ||
0.27 SGD | +3.85% | 0.00% | -18.18% |
30/05 | RHB Bank Singapore Adjusts Japan Food Holding's Price Target to SG$0.26 From SG$0.29, Keeps at Neutral | MT |
24/05 | Japan Foods Swings to Loss in Fiscal H2 Despite Jump in Revenue | MT |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-18.18% | 34.59M | |
-18.91% | 88.18B | |
+0.65% | 46.43B | |
-7.90% | 18.06B | |
+115.80% | 10.58B | |
-3.44% | 10.02B | |
-16.77% | 5.68B | |
-0.32% | 4.45B | |
-10.10% | 4.34B | |
+6.53% | 3.56B |
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- Japan Foods Holding Ltd. Provides Earnings Guidance for the Financial Year Ended 31 March 2024