Miyoshi Limited provided group earnings guidance for the full year ended 31 August 2021. The Group expects to report a loss for year 2021. The expected loss is mainly attributable to write-off of production facilities due to change in business conditions in the Philippines as the customers have diverted to alternative suppliers after the fire incident in May 2020 and loss of project in the Philippines as announced by the Company on SGXNET on 8 September 2021, impairment losses recognised in connection with the impairment review exercise on the Group's properties, plant and equipment for fiscal year 2021 and the higher material costs due to the rising steel price.