Morinaga & Co (JP:2201) has released an update.
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Morinaga & Co. has revised its financial forecasts for the fiscal year ending March 31, 2025, predicting higher-than-expected net sales and profits due to strong performance in its Confectionery & Foodstuffs and Frozen Desserts businesses in Japan. Despite challenges from rising raw material costs, the company anticipates exceeding previous forecasts through sales growth and strategic price adjustments. The year-end dividend remains unchanged at 60 yen per share.
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