Nichirei has announced its first-quarter results for the fiscal year ending December 2026, and has lowered its full-year operating profit forecast by 3.8 billion yen from the initial plan to 30 billion yen. The main reason for the downward revision is cost increases due to the situation in the Middle East, with an expected profit decline of 3.5 billion yen in the food business and 300 million yen in the temperature-controlled logistics business, while the impact of the cyberattack is limited to 800 million yen for the group as a whole. First-quarter revenue rose 8.0 percent year on year to 229 billion yen, but operating profit fell 26.1 percent to 8.2 billion yen. The dividend is unchanged at 50 yen, up 3 yen from the previous fiscal year, maintaining a progressive dividend policy with a minimum DOE of 4.0 percent, and the company expects to increase dividends for the fifth consecutive year.
Nichirei CorporationNichirei cut its full-year profit forecast due to cost increases from Middle East tensions, impacting food and logistics businesses.
