Morinaga Milk Industry Co., Ltd. revised earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects net sales of JPY 520,000 million, Operating profit of JPY 22,000 million, Profit attributable to owners of parent of JPY 16,000 million and Net income per share of JPY 353.91 compared to the previous guidance of net sales of JPY 520,000 million, Operating profit of JPY 25,000 million, Profit attributable to owners of parent of JPY 15,800 million and Net income per share of JPY 349.52 provided earlier.