Kagome on the 30th revised down its consolidated net profit forecast for the fiscal year ending December 2026 to 10.5 billion yen, a 29.1 percent decline from the previous year, from the earlier projection of 13.4 billion yen. The worsening situation in the Middle East is expected to have an impact of around 2.8 billion yen on business profit, while packaging-related expenses, raw material costs, and energy costs are seen rising mainly in the second half in the domestic processed food business and the international business. The recovery in sales volumes for some beverage products that saw price hikes in Japan in February falling short of assumptions is also weighing on results.
Kagome Co., Ltd.Middle East tensions drive up packaging, raw material, and energy costs, impacting business profit by 2.8 billion yen.